Re:Iowa's handout to Apple illustrates the folly of corporat...
by colechristensen on Wednesday August 30, 2017 @10:55PM
(#15137848)
I don't think anyone reasonable would argue with the state's portion of the tax abatement ($20M). 80% off property taxes in year one decreasing steadily to 0 through five years. That's just good economic development.
The rest of the tax abatements are _local_ government property taxes. Given the large pledge of funding otherwise, who cares. This is not money that would go to subsidizing energy programs. It would go to doing whatever the local government does, like city maintenance and parts of the police, fire, schools, etc.
The rest of the tax abatements are _local_ government property taxes. Given the large pledge of funding otherwise, who cares. This is not money that would go to subsidizing energy programs. It would go to doing whatever the local government does, like city maintenance and parts of the police, fire, schools, etc.