Chairman King and members of the Committee,
Thank you for the opportunity to testify in support of SB 1754. Tax abatements for favored businesses and industries distort tax values and make broad tax relief for residents more difficult by shifting the tax burden onto a smaller base. This is why TPPF has consistently opposed programs like those enabled by Chapters 312, 380, 381. Tax breaks for wind and solar generators also facilitate the distortion of our electricity market, imposing a cost not just on residents of the taxing district but on the entire state. It is time to end this costly and useless enterprise.
Read Dr. Bennett’s full testimony here.