Tax incentives – do they work?

“A recent study…found that for every dollar handed out, about $1.70 was returned via local or state taxes, meaning the program was profitable for the state. But many economists say these programs are money losers. A separate study…estimated a return of only 31 cents on the dollar.” https://www.nytimes.com/2025/05/01/upshot/movies-shows-tax-credits-new-york.html?unlocked_article_code=1.EE8.1Wpi.DBjdr-rc2wld&smid=nytcore-ios-share&referringSource=articleShare&fbclid=IwY2xjawKB1UNleHRuA2FlbQIxMQBicmlkETFYU0hYM1BjZnRXNkhWSFVhAR7Vii4TwH5Z-lve8XdRz1DK2UwIfktuDrO0etxFHZ-JE4QsTWhvsGp-g2K66A_aem_TlpuNKcexTKu3DYfNyIl0A