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April 24, 2014, 11:59 am
970 WMAY News

Report: States Poor at Tax Break Followup


Most states, including Illinois, are doing a poor job tracking whether their tax breaks for businesses are actually spurring job growth, including some that have poured hundreds of millions of dollars into corporate incentive programs even while grappling with record deficits, according to a new report.

 

The report released Thursday by the Pew Center on the States found that no state regularly takes a hard look at the effectiveness of all of its tax breaks.

 

Illinois officials say they do require audits from some companies who receive tax breaks, showing that they have created jobs that were promised in exchange for receiving the benefit.

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