Tax Incentive Programs: Evaluate Today, Improve Tomorrow

Tax Incentive Programs: Evaluate Today, Improve Tomorrow

Note: This document was updated in March 2016 to improve consistency across related pages and include new states that passed evaluation laws.

From 2012 to 2014, 10 states and the District of Columbia passed laws that will require regular evaluation of economic development tax incentives or will improve existing evaluation processes. Since 2014, even more states have passed such laws. (For a full list of states that have passed evaluation laws since the start of 2012, click here.)  These laws stand to provide lawmakers with hard evidence on the outcomes of their incentives, information they can use to shape policies that obtain the best possible results for the states’ taxpayers and economies.

This issue brief advises states on how to design and implement these laws, so that tax incentives are evaluated regularly and rigorously and so that lawmakers can use the findings to improve economic development policy. Building on the best practices developed in the 11 jurisdictions and elsewhere, the recommendations focus on three steps states should take to improve the accountability and performance of their tax incentives:

  1. Make a plan: Determine who will evaluate, when, and how.
  2. Measure the impact: Assess the results for the state’s economy and budget.
  3. Inform policy choices: Build evaluation into policy and budget deliberations.

State Fact Sheets
1x1placeholder

Tax Incentive Evaluation Law

Read More
Quick View

Tax Incentive Evaluation Law

Each state has tailored its tax incentive evaluation law to serve its own needs.

Read More

National Homeownership Month

Article

37 Researchers Working to Transform Biomedical Science

Quick View
Article

Biomedical researchers are on the front lines of scientific innovation. From responding to global pandemics to pioneering lifesaving cancer treatments, these researchers push past scientific boundaries to solve pressing health challenges. For nearly 40 years, The Pew Charitable Trusts has supported more than 1,000 early-career biomedical scientists committed to this discovery.

Composite image of modern city network communication concept

Learn the Basics of Broadband from Our Limited Series

Sign up for our four-week email course on Broadband Basics

Quick View

How does broadband internet reach our homes, phones, and tablets? What kind of infrastructure connects us all together? What are the major barriers to broadband access for American communities?

Pills illustration
Pills illustration

What Is Antibiotic Resistance—and How Can We Fight It?

Sign up for our four-week email series The Race Against Resistance.

Quick View

Antibiotic-resistant bacteria, also known as “superbugs,” are a major threat to modern medicine. But how does resistance work, and what can we do to slow the spread? Read personal stories, expert accounts, and more for the answers to those questions in our four-week email series: Slowing Superbugs.