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Metropolitan DC Local Politics
Reply to "amazon hq arlington incentives posted!!"
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[quote=Anonymous]https://www.yahoo.com/finance/news/amazon-hq2s-50000-jobs-will-cost-new-york-virginia-4-2-billion-181611603.html Arlington taxpayers are on the hook, and Amazon will be making big $ out of this deal. [quote] That’s because New York and Arlington County, Virginia, will need to borrow money by issuing bonds to pay for the tax credits. The total means an additional $200 million in interest payments, based on New York and Arlington County’s most recently issued bond rates of about 5%.... the company is in line to collect $200 million from each state for bonus jobs created over 25,000[/quote] Also, the decision had little to do with taxes, and more to do with location, per the article.[/quote]
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