The Womble Carlyle Economic Development Digest - March 12, 2014

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.
In this week's Economic Development Digest:
California
  • California adopts emergency California competes tax credit regs, TaxAnalysts.com (February 20, 2014)**
    The California Governor's Office of Business and Economic Development has adopted emergency regulations to implement the California Competes Tax Credit program that provides income tax credits for businesses that relocate and expand in the state.
  • Israel and California sign R&D agreement, Globes (March 6, 2014)
    Prime Minister Benjamin Netanyahu and California Governor Jerry Brown have signed a Memorandum of Understanding (MOU) for R&D cooperation between Israel and California.
Florida
North Carolina
  • North Carolina Justice Center discourages switch to single-sales-factor apportionment, TaxAnalysts.com (March 1, 2014)**
    The North Carolina Justice Center has released a report discouraging the legislature from adopting a single-sales-factor apportionment formula for corporate income tax because it will put smaller North Carolina businesses at a competitive disadvantage, reduce public revenue, shift the tax burden to individuals, and fail to spur job creation.
South Carolina
Virginia
  • McAuliffe bill helps The Falls project, Tricities.com (February 28, 2014)
    Virginia works hard to not lose development to Tennessee, with an immediate focus on development in Bristol, Virginia.

**Note: a paid subscription is required to access this article. A brief description has been provided. Please contact Womble Carlyle’s Economic Development Team for more information on these developments.

 

Topics:  Corporate Taxes, Cybersecurity, Energy, Florida, Land Developers, Municipalities, Tax Credits, Tax Cuts, Water Supplies

Published In: Business Organization Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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