The Womble Carlyle Economic Development Digest - March 3, 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:
District of Columbia
Florida
Georgia
Maryland
  • COST Opposes Maryland Bill to Require Mandatory Unitary Combined Reporting, TaxAnalysts.com (February 25, 2014)**
    In written testimony to the Maryland House Ways and Means Committee, Fred Nicely of the Council On State Taxation expressed opposition to a proposed bill (HB 887) that would require mandatory unitary combined reporting, saying it would have an unpredictable effect on revenue and could reduce jobs, set Maryland apart from its neighboring states, create an administrative burden, and distort the amount of income earned in different states.
  • Gansler jobs plan heavy on manufacturing, high-tech, Baltimore Business Journal (February 27, 2014)
    The Attorney General of Maryland unveils his jobs plan for Maryland, which includes increasing exports and commercializing more discoveries from Maryland universities.
North Carolina
  • If we're going to outsource, let's get it right first, Star-News, Inc. (February 26, 2014)
    North Carolina State Representative Susi Hamilton likes the concept of enlisting the help of private enterprise to help recruit businesses to North Carolina, but she questions the use of taxpayer’s money in such a public-private organization without a stronger plan for raising the private funds that are to be part of the overall package.
South Carolina
Texas
Virginia
  • Stabilize Port for Economy's Sake, The Virginian-Pilot Edition (February 27, 2014)
    The Port of Virginia experiences an increase in business, as measured by container volume, with resulting positive impacts in Virginia.
  • Over there, Virginia Business (February 28, 2014 )
    Why is Virginia one of the nation’s leading recipients of federal spending?
  • Ammo for the enemyNewsbank, Inc. (February 28, 2014)
    Do ethical issues in states impact economic development efforts?

**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:  Economic Development, Income Taxes, Legislative Agendas, Tax Reform

Published In: General Business Updates, Finance & Banking 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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