Tag Archives: tax incentives

The setting sun bathes downtown Fargo in a golden glow in early August. David Samson / The Forum

Tax Incentive Handouts Aren’t the Only Way to Promote Denser, Downtown Development

Tax Incentive Handouts Aren’t the Only Way to Promote Denser, Downtown Development

Over the weekend the Fargo Forum editorial board took aim at critics of development incentive programs like Renaissance Zones and tax increment finance districts. “[B]ecause tax benefits go to selected businesses, some people just can’t see the big picture. The Renaissance Zone and tax-increment financing district program, another tax forgiveness program to develop property, are controversial.

A Fedex driver delivers packages in Boston, Massachusetts, U.S. June 15, 2016. REUTERS/Brian Snyder

Ban Tax Breaks for Businesses Moving Within the State

“Lawmakers should ban incentives for companies that move from one North Dakota community to another—because when it comes to within-the-state shifts, incentives always wind up with this result: Taxpayers lose,” writes Tom Dennis in an editorial for the Grand Forks Herald today. He’s right. What he’s referencing is a tax exemption given to FedEx which is

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