Pacific Standard: Developers Aren’t Reporting How They’re Using Tax Incentives Meant for Low-Income Areas
media mentionEven for those who have tracked the bill closely, the reporting process remains opaque. “This bill was thrown together so incredibly quickly—there weren’t hearings on it, these types of questions weren’t fleshed out in the way they should have been, so a lot of how this was put together remains a mystery,” says Carl Davis, research director at the Institute on Taxation and Economic Policy, a non-partisan think tank. Davis says we can’t be sure how intentional the omission of reporting requirements was. But, at the very least, he has little doubt that it was “useful to them not to drag out the debate and to jam through the legislation as quickly as possible before folks could voice their concerns.”