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I don't like the idea of companies being allowed to make contracts with a state to avoid paying taxes. I wouldn't mind if there was a policy--"any company that offers X jobs + $Y investment over Z years is exempt from taxes over those years"--but don't want private bargains to evade the legal standards.
Also, it looks like they're offering investment/jobs for 3 years, in order to avoid 4.5 years of taxes. Why would the state take that? Why not say, "No, we're pretty sure you're planning on doing a lot of business here anyway; pay your damn taxes like everyone else."
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