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What are Tax Abatements and What Must State and Local Governments Disclose in Financial Reporting?

January 12, 2016

Those of a certain age probably remember Steve Martin’s The Jerk, where Martin played the hapless character Navin R. Johnson. Of the countless memorable lines in the movie, one that always stands out is his excitement when the postman drops off the new phone books. “The new phone books are here! The … Continued

Valid cash incentive or illegal tax rebate?

October 28, 2009

Tyler Mulligan is a School of Government faculty member. One news outlet reported that in exchange for constructing a data center in North Carolina, Apple Inc. will be reimbursed by North Carolina local governments for “50 percent of tax revenue on real estate property — buildings and land — and 85 … Continued