PBPC Testifies Before House Finance Committee on Characteristics of Effective Tax Incentives

Michael Wood |

In Testimony before the House Finance Committee today on bills to create a series of new tax credit programs, PBPC Research Director Michael Wood explained that Pennsylvania has enacted billions of dollars in business tax reductions and spent hundreds of millions of dollars on tax credits, but there is little information available to determine whether these large tax expenditures have done what they promised to do.