Re:GE will move headquarters to Boston
by TTPrograms on Wednesday January 13, 2016 @06:02PM
(#10898353)
MA has income tax.
Re:GE will move headquarters to Boston
by toomuchtodo on Wednesday January 13, 2016 @06:10PM
(#10898403)
But does it come out as a net benefit for MA taxpayers?
Yes, but from my understanding, the scenario you outlined does not exist (net benefit from tax incentives).
Example: Nevada has no income tax. The only benefits it'll see from the Tesla Gigafactory is any sales tax from the purchasing of manufacturing equipment for the location, and the trickle down from the economic activity from the workers who relocate to work there.
I only used Tesla as an example because it was fresh in my mind, and you asked about income tax, which Nevada doesn't have.