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House approves interstate compact to curb competitive state tax incentives
Utah House of Representatives · February 25, 2020
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Summary
The House passed House Bill 270 to join an interstate compact aimed at curbing a ‘race to the bottom’ in offering targeted tax incentives; sponsor said 17 states have companion bills but none had enacted the compact; the measure passed 63-3 and will be transmitted to the Senate.
Representative Roberts moved passage of House Bill 270 on Feb. 25, a proposal to join an interstate compact intended to reduce competitive, targeted tax incentives that states use to attract businesses.
Roberts said the compact seeks to end a pattern where states bid against each…
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