Businesses: Credits Not Decisive

RALEIGH — A second Commerce Department report on the William S. Lee Act released in as many weeks indicates that 95 percent of the time targeted tax credits are not a “deciding factor” for companies when they make investments or hire workers. The department’s newest report was based on a survey of North Carolina manufacturers. “This report indicates for the majority of firms the Lee Act is not effective. We are simply wasting taxpayer dollars. This points to the necessity of major reform sooner rather than later,” said Rep. Paul Luebke, D-Durham, a frequent critic of the Lee Act.