With the passage of House Bill 1020, Indiana is poised to perform a comprehensive and ongoing analysis of our state tax incentives. This comes on the heels of a broad effort by the Indiana Economic Development Corp. to become transparent and open to an evaluation of tax incentives.
The organization’s recent creation of a transparency portal and its commissioning of a study by my center to review incentives already make Indiana the most forward-thinking state on these issues.
Still, more is needed and a further review of state and local incentives is warranted. Before we get down to the business of evaluating economic development incentives, we probably ought to understand just what it means to “create a job” and how we can honestly evaluate tax incentive policies.