Tax Incentives

News & Analysis as of

Energy Policy and Tax Policy Are Inseparable

In his 2014 State of the Union address, President Obama championed our nation's energy policy and the tremendous progress that has been made in the development and production of fossil fuels, especially natural gas. The...more

The First Dish is Served: Chairman Camp Unveils Comprehensive Tax Reform Discussion Draft

On February 26, 2014, House Ways and Means Committee Chairman Dave Camp (R-MI) unveiled his comprehensive tax reform proposal. Chairman Camp released his proposal in discussion draft form, and the bill was not officially...more

Congress Considers Clean Energy “Tax Extenders”

Senate Finance Committee to Mark Up Extenders Package - Three months after dozens of individual and business tax provisions expired, the Senate Finance Committee is poised to mark-up a bill tomorrow that would extend...more

International Tax News - March 2014

NETHERLANDS: TAX TREATMENT OF HYBRID FINANCE INSTRUMENTS IN THE WAKE OF TWO LANDMARK CASES - The Dutch Supreme Court has given its judgment in two landmark cases regarding the classification of hybrid finance...more

What is the Value of Solar? Minnesota Agency Starts to Answer. . .

In May 2013, the Minnesota Legislature passed legislation that, among other things, set a solar standard, directed Xcel Energy to develop a community solar garden program, and provided for the development of an alternative...more

“Finding the sweet spot – Grow NJ and ERG Grant incentives are fundamentally about bringing investment and jobs to the right...

If you want to get the best value from the new Economic Opportunity Act of 2013, you will most likely be successful if your business objectives are aligned with the often location driven public purposes that the Legislature...more

A Snapshot Of Baucus's Vision For Energy Tax Incentives

On Dec. 18, Senate Finance Committee Chairman Max Baucus, D-Mont., released a discussion draft of legislation that aims to reform U.S. energy tax incentives. The proposed energy tax incentives are a simpler set of incentives...more

Silicon Boricua – What if Silicon Valley Moved to Puerto Rico?

Overview - I have been writing over the last year on the benefits of Puerto Rican (PR”) residency. The tax benefits of Puerto Rican residency gained some attention and notoriety when hedge fund billionaire John Paulsen...more

Baucus Post-2016 Proposal: No Change to PTC & ITC Reduced to 20 Percent

Today, the chairman of the Senate Finance Committee, Max Baucus (D-MT), released his proposal for energy tax incentives as part of overall tax reform. The proposal is thoughtful and merits serious consideration by the...more

With new law, Mongolia opens to investors

The Great Hural, Mongolia’s Parliament, has ratified a new investment law, already in effect since November 1, that dramatically alters the investment landscape in Mongolia. The new investment law is one of the first...more

European Commission approves the continuation of Hungarian Film Support Schemes until December 2019

The European Commission approved with its resolution as of 16 July 2008 the Hungarian film support schemes until 31 December 2013. Under this scheme a tax payer who provides support for film production which complies with...more

Capital Infusion: Policy Spotlight: Changes in Tax Incentives/Preferences Impacting Oil & Gas Industry

In April of this year, the Obama Administration released the 2014 Fiscal Budget for the federal government which sets forth estimated expenditures of $3.78 trillion, estimated revenues of $3.03 trillion and a budget shortfall...more

The Upcoming Shanghai Free Trade Zone: An Update on the National Pilot Project

Following the announcement in July of an ambitious plan to develop mainland China’s first free trade zone in Shanghai, there have been several recent developments relating to the forming and unveiling of the zone. ...more

State Tax Incentives for New Jersey Businesses and Developers: New Jersey State Legislature Passes Economic Opportunity Act of...

After several months of revisions and debate, the New Jersey Economic Opportunity Act of 2013 (the “Act”) has been passed by both houses of the New Jersey state legislature and was signed by Governor Chris Christie on...more

Senators’ Letter Defend Renewables in Tax Reform

Senator Jeffrey Merkley (D-OR) along with 26 of his Democratic colleagues and Angus King (I-ME) wrote to Senators Baucus and Hatch of the Finance Committee to advocate for renewable energy tax incentives in the context of tax...more

Senator Grassley Proposes Repeal of Fossil Fuel Tax Incentives if any Renewables Tax Incentives Expire

The tax press is reporting comments made by Senator Grassley (R-IA) at a Department of Energy forum on biomass. Senator Grassley is reported to have said: “Congress should ‘do away with the incentives for oil’ tax breaks if...more

Shanghai Free Trade Zone: A Test Ground for the New Economic Reform Policies in China

Shanghai mayor Yang Xiong unveiled new plans to develop mainland China’s first free trade zone in Shanghai last January....more

Corporate & Securities Law Alert July 2013 - Startups: Extended Window of Opportunity Available By Way of Section 1202

Investors and owners of startups are always looking to maximize the potential value of a business and realize that value at some point in the future. Taxation is an important driver of the value of a business. While taxation...more

California Quarterly Update -- A Reed Smith Quarterly Update (2nd Quarter 2013)

Welcome to the first edition of a series of quarterly updates from Reed Smith on California state tax developments. Every quarter, we will bring you legal updates and provide some insight on what taxpayers are facing in...more

Manufacturing Innovation in America Act Introduced in House

On June 28, Rep. Allyson Schwartz (D-PA) introduced legislation (H.R. 2605) to amend the Internal Revenue Code of 1986 to allow a deduction for "patent box" profit from the use of U.S. patents (and foreign patents in certain...more

California Enterprise Zone Program Modified with New Incentive Programs - New Economic Development Tax Credits Available for...

Yesterday, Governor Brown signed into law AB 93, legislation that will institute two new tax exemption programs for manufacturing and bio-tech equipment, add a hiring credit for employment in specified geographic areas and...more

Comparison of Economic Development Incentives for South Carolina and North Carolina

In This Presentation: - Business Consideration – Electricity Rates - South Carolina vs. North Carolina - Corporate License Fees/ Franchise Taxes - Income Tax Rates (C Corps) - Income Tax...more

South Carolina Film - More For Your Movie

In This Presentation: - Types of tax incentives - SC Incentives competitive again - Film Office - Benefits to SC - Local Spending - Tourism - SC Film Office SC PRT Excerpt from Types of tax...more

Legislative Update 2013 -- SC Tax Incentives Legislative Update

In This Presentation: - A.Economic Development: 1.Film 2.Port 3.Abandoned Buildings 4.Angel Investors 5.Nascar/Darlington Speedway 6.Unemployment Insurance - B.Practice and...more

Producing in Canada - June 2013

Canada is recognized as a major player in film, television and interactive digital media production. The growth of Canada’s multibillion dollar production industry is attributable to our high-standard facilities, competent...more

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