Georgia

Along with the film industry, biofuels seems to attract the greatest number of tax breaks and incentives. The common denominator between the two sectors is that states feel they can be national leaders in both. From the Atlanata Business Chronicle:

Gov. Sonny Perdue wants a sales tax exemption for materials and equipment used to build biofuel facilities in Georgia.

Perdue has introduced a bill, which will be sponsored in the State House by Reps. Jim Cole (R-Forsyth) and Larry O'Neal (R-Warner Robins), to make a 4 percent tax incentive available to facilities producing and processing certain biofuels (ethanol, biodiesel and butanol) derived from Georgia-grown agriculture products and biomass.

"The biofuels tax credit will help make Georgia a national leader for the development of home-grown alternative fuel sources," Perdue said. "As a nation, it is vitally important that we decrease our dependence on foreign oil and Georgia will lead the way with innovative companies making use of products grown in our state.">

It's not a perfect analogy, but the whole thing reminds me of the coach who proclaims that his team gave a 110% percent effort. That's impossible and so is the belief that every state in our union is going to be a leader in trendy economic areas.