News & Analysis as of

Economic Development Tax Incentives

Michigan Adopts New Incentive Tool for Economic Development

by Foley & Lardner LLP on

A new tax incentive program targeting large job providers passed the Michigan legislature last week with bi-partisan support, and is expected to be signed soon by Governor Rick Snyder, who strongly supported the legislation....more

Tax incentives in Puerto Rico: a quick introduction

by DLA Piper on

To promote, attract and develop key industries, sectors and activities, Puerto Rico offers a spectrum of economic incentives, among them low fixed income tax rates, partial and/or total tax exemptions, income tax credits and...more

Landmarks - Spring 2017

by Benesch on

There continues to be very strong demand for high-quality commercial real estate. From 2011–2015, the volume of commercial real estate transactions nationally grew at an annualized rate well in excess of 10%, and projections...more

Texas City Joins Growing Ranks of Cities Raising the Minimum Wage to $15 Dollars

Taking its cue from other, larger cities, San Marcos, Texas, recently voted to raise the minimum wage to $15 dollars per hour for businesses applying for tax breaks and others incentives to build or expand in the city. In...more

South Carolina Economic Development Incentives: The Negotiated Fee in Lieu of Property Taxes

by McNair Law Firm, P.A. on

South Carolina has some of the highest business property taxes in the Southeast.  The state generally taxes land, buildings, machinery and equipment, and furniture and fixtures, but does not tax inventory, pollution control...more

South Carolina Property Tax Incentives: The Special Source Revenue Credit

by McNair Law Firm, P.A. on

While South Carolina has low income taxes, and comparatively low sales taxes as well, the state makes up for this by having some of the highest business property tax rates in the Southeast. These property taxes are generally...more

NC Legislative Update - May 2016 #3

by Nexsen Pruet, PLLC on

Last Week - The House released its 150-page proposed budget adjustments for the 2016-17 half of the 2015-17 biennium on Monday evening and proceeded to work through the week in passing it. The proposal is relatively...more

South Carolina Economic Development Incentives: Sales and Use Tax Exclusions and Exemptions

by McNair Law Firm, P.A. on

Sales Tax: In South Carolina, a 6% sales tax is imposed upon every person engaged within this State in the business of selling tangible personal property and other types of goods and services sold at retail. Voters in...more

South Carolina Economic Development Incentives: Job Development Credit

by McNair Law Firm, P.A. on

South Carolina offers many statutory and discretionary incentives to promote capital investment and job creation in our state. The Job Development Credit (“JDC”) is a discretionary credit, applied through and approved by the...more

Update: Serbian Film Tax Incentives

by Reed Smith on

Introduced last year, and effective from 1 January 2016, the new incentive offered by the Serbian government is essentially a refund of 20% of the qualifying spend incurred by an investor – either an individual or a company –...more

Russia’s New Advanced Development Territories Law: Far East Focus

by Morgan Lewis on

An initiative to spur investment in this underdeveloped region. Amid the ongoing loud noise surrounding the situation in Ukraine (and in Syria) and the related sanctions and counter-sanctions, a new Russian development...more

GASB Issues Final Rule on Financial Reporting of Tax Abatements

by Alston & Bird on

On August 15, 2015, the Government Accounting Standards Board (GASB) issued Statement No. 77 (the “Tax Abatement Standard”) concerning financial reporting of tax abatements and other economic development incentives that...more

Georgia Supreme Court Rejects Challenge to Property Tax Incentives

On March 27, 2015, the Georgia Supreme Court rejected a challenge to the legal validity of property tax incentives in Georgia, largely on procedural grounds. SJN Properties, LLC v. Fulton County Bd. of Tax Assessors, No....more

Innovation Districts

by McAfee & Taft on

Last year representatives of a coalition of 11 organizations started meeting to discuss the continued development and expansion of Oklahoma City’s bioscience and technology sectors. Among other matters, the group discussed...more

Cook County adopts new Class 7C property tax incentive: key points for commercial developers

by DLA Piper on

The Cook County Board of Commissioners has adopted a new commercial real estate tax incentive known as the Class 7c Commercial Urban Relief Eligibility incentive aiming to encourage real estate development in the Chicago...more

New “Job Creation Project” EDIP Credits to Boost Tech Jobs in Massachusetts

by McDermott Will & Emery on

In the battle for tech jobs, Massachusetts has added a significant new element to its arsenal of incentives in the form of “job creation project” Economic Development Incentive Program (EDIP) credits. EDIP is a tax incentive...more

After SoundCloud & Wunderlist: How Berlin plans to grow its startup scene

by Mimesis Law on

Sept. 12, 2014 -- Stefan Franzke, Berlin Partner for Business and Technology, talks about his organization and how it helps startups operate in Berlin at the Transatlantic Entrepreneur Partnership Conference in New York City....more

Doing Business in Latin America and The Caribbean: Uruguay

With a geographical area of 176,215 square kilometers and a current population of 3.2 million inhabitants, Uruguay is one of the smallest countries in South America. Its current growth is 5% per annum. The Uruguayan...more

Doing Business in Latin America and the Caribbean: Puerto Rico

In 1493, Christopher Columbus arrived in Puerto Rico and claimed the island for the Spanish Crown. Spain controlled the island for most of the next four centuries until 1898, when it ceded Puerto Rico to the United States as...more

Pennsylvania’s City Revitalization and Improvement Zone (“CRIZ”)

by Cohen & Grigsby, P.C on

Purpose of the CRIZ Program - Act 52 of 2013 created the City Revitalization and Improvement Zone (“CRIZ”) Program. The purpose of this program is stimulate economic development and job creation in Pennsylvania's...more

Doing Business in Latin America and The Caribbean: Dominican Republic

The Dominican Republic offers outstanding advantages to foreign and national investors. The significant incentives and facilities offered by the Dominican State complement the many inherent factors that make this Caribbean...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

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

by Best Best & Krieger LLP on

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

by Nexsen Pruet, PLLC on

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

Legislative Update 2013 -- SC Tax Incentives Legislative Update

by Nexsen Pruet, PLLC on

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

28 Results
|
View per page
Page: of 2
Cybersecurity

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.