Jamba Juice will move HQ to Texas; enticed by taxpayer-funded bribery?

Is Jamba's move because of taxpayer bribery?

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Rana said:
This is why I am moving to Texas, to help the poor Texans. They give tax breaks to corporations and their property taxes are some of the highest in the USA. Poor confused people, but, then, again, oil is hurting, so they have to do something, but it is on the backs of property owners, instead of corporations.
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Corporations don't increase a state's tax revenue?
 
Celticguy said:
Sure.
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The Texas Economic Development Act provides an ten-year limitation on the taxable value of the property extended to a taxpayer who agrees to build or install property and create jobs. The value limitation applies to the local school district maintenance and operations tax (M&O) portion of the property tax and varies by school district. To participate, the company must apply to the effective school district. Value Limitation Tax Credits are administered through the Comptroller of Public Accounts.
 
SmarterthanYou said:
The Texas Economic Development Act provides an ten-year limitation on the taxable value of the property extended to a taxpayer who agrees to build or install property and create jobs. The value limitation applies to the local school district maintenance and operations tax (M&O) portion of the property tax and varies by school district. To participate, the company must apply to the effective school district. Value Limitation Tax Credits are administered through the Comptroller of Public Accounts.
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Ok.
So they pay the unimproved rate. They are out nothing and do get revenue for construction work and then from business operation.
Jobs and revenue for nothing other than being a partner instead of an adversary.
 
Celticguy said:
Ok.
So they pay the unimproved rate. They are out nothing and do get revenue for construction work and then from business operation.
Jobs and revenue for nothing other than being a partner instead of an adversary.
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that is provided that the company follows through with all of it's side of the bargain. the other thread has my explanation of it's downside. the highly publicized Kelo case is also another one.
 
SmarterthanYou said:
that is provided that the company follows through with all of it's side of the bargain. the other thread has my explanation of it's downside. the highly publicized Kelo case is also another one.
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They pay the unimproved rate. If they go tits up in a year nothing lost. Still better than 500m cash to already bankrupt Solyndra.
 
Northwestman said:
How are tax breaks tax payer funded bribery? As I understand it, they get tax breaks, but still bring in taxes that otherwise would not have been put in the coffers if the business didn't move there.
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If those particular tax breaks bring in additional tax revenue greater than the breaks, wouldn't that be called an investment?
 
Rana said:
Not when they don't pay taxes, see Kansas.
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If giving tax breaks produces an overall increase in tax revenue, wouldn't that be considered an investment? It's the same argument used by Liberals who call Bernie Sanders free college tuition plan an investment. They say more people will be educated, thus, paying more taxes and increasing tax revenue.
 
CFM said:
If giving tax breaks produces an overall increase in tax revenue, wouldn't that be considered an investment? It's the same argument used by Liberals who call Bernie Sanders free college tuition plan an investment. They say more people will be educated, thus, paying more taxes and increasing tax revenue.
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See Kansas.
 
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