Quantcast

Keystone Today

Thursday, November 7, 2024

Pennsylvania gives Amazon $30 million in tax breaks

Edited3 brett stock adobe

Brett/Adobe Stock Photo

Brett/Adobe Stock Photo

Amazon received $30 million in subsidies, tax breaks, and grants from Pennsylvania state and local communities for four projects.

Advocacy group Good Jobs First, which opposes such subsidies, found Pennsylvania provided the 24th-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

Pennsylvania is ranked behind North Carolina (5 projects/$31 million) and ahead of Georgia (5 projects/$27 million), Mississippi (3 projects/$24 million), and Iowa (2 projects/$22 million).

The most expensive subsidy provided in Pennsylvania was provided by the state, equaling $22 million in tax credits and cash for employee training. 

The second largest subsidy was worth $4 million for a film tax credit, which lacked information about if it was offered by the state or from local governments.

Large corporations are often inclined to invest in Pennsylvania given it's wide variety of available tax breaks.  

Analysis of Pennsylvania's subsides and receipt disclosures showed the state uses mostly fair practices, though there are issues with its costliest subsidy program. 

As of Nov. 17, 2022, Amazon had received 310 separate tax break deals from local and state governments across the U.S., totaling $5.14 billion. The state of Virginia was home to the largest portion of these taxpayer-subsidized Amazon projects. 

Amazon Tax Breaks Across the U.S.
State# ProjectsTotal Subsidy
Virginia20$824,291,799
Illinois16$732,973,199
New York22$671,446,986
Washington10$608,644,670
Oregon32$483,459,645
Texas13$305,959,751
Ohio14$172,418,555
Tennessee20$166,030,438
Kentucky21$111,789,976
Missouri2$110,600,000
Massachusetts5$86,979,275
California12$84,541,000
Michigan5$82,352,146
Maryland3$68,425,000
South Carolina5$64,297,962
Indiana15$60,389,500
Alabama2$56,500,000
Wisconsin6$54,135,500
Louisiana7$48,967,587
New Jersey3$45,422,240
Florida13$43,239,475
Connecticut3$37,700,000
North Carolina5$31,186,975
Pennsylvania4$29,557,871
Georgia5$27,115,929
Mississippi3$23,925,795
Iowa2$22,400,000
Kansas2$21,802,522
Colorado9$15,779,091
Oklahoma5$11,207,651
Utah3$9,780,226
Delaware2$7,972,500
Minnesota1$5,700,000
New Mexico1$5,244,071
Arizona2$5,139,671
Nevada5$3,251,324
Rhode Island1$2,700,000
Maine11$578,828

MORE NEWS