MACo: Costly Tax Incentive Lacks Local Input
MACo Legislative Director Kevin Kinnally today submitted testimony to the House Ways and Means Committee in opposition to HB 1052 Income- Tax - Subtraction Modification - Trade of Business Enterprise Expenses Resulting in Federal Loan Forgiveness. MACo opposes state-mandated reductions in local revenue sources, but welcomes tools to grant counties options and flexibility to pursue their own parallel tax incentives, or to develop others to suit their local needs. From the MACo Testimony: The swift…