The legislature is considering, and in some cases has already passed, a wide array of targeted economic incentives that reward certain companies over others. Some of the winners are Hollywood producers (HB 783); grocery stores and farmer’s markets (HB 798); and retail malls (SB 2806). The losers are taxpayers waiting for broad based cuts – such as eliminating the state’s franchise tax (SB 2247).

Even apart from whether state lawmakers should be picking and choosing economic winners and losers, the research suggests targeted incentives are a bad deal. Retail incentives, for instance, just end up moving jobs from one retail location to another.…s.pdf