The Foundation’s latest report, State Tax Expenditures: Less Than Meets The Eye, examines the state’s annual estimate of “tax expenditures,” or the amount of revenue the state foregoes because of exceptions to tax laws. While commonly thought of as incentives, tax breaks, or loopholes that benefit corporations, the Foundation’s analysis shows that billions of the state’s so-called tax expenditures are merely the result of longstanding tax policies and practices, mostly benefitting individuals.
November 15, 2012
FY 2013
State Tax Expenditures: Less Than Meets The Eye
The Foundation’s latest report, State Tax Expenditures: Less Than Meets The Eye, examines the state’s annual estimate of “tax expenditures,” or the amount of revenue the state foregoes because of exceptions to tax laws. While commonly thought of as incentives, tax breaks, or loopholes that benefit corporations, the Foundation’s analysis shows that billions of the state’s so-called tax expenditures are merely the result of longstanding tax policies and practices, mostly benefitting individuals.
