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Tax Credits Job Creation

Williams Mullen

Virginia Historic Rehabilitation Tax Credits - Legislative Update

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The Virginia Historic Rehabilitation Tax Credit (HRTC) program (see Virginia Code § 58.1-339.2) has played a significant role in stimulating Virginia’s economy and preserving thousands of historic properties throughout the...more

Burr & Forman

Alabama Enacts “The Game Plan”: Legislation to Enhance the State’s Economic Growth

Burr & Forman on

On April 20, 2023, Alabama Governor Kay Ivey signed a legislative package aimed to spur economic development. Building off a record-breaking year for new capital investments, state leaders aim to expand and fortify Alabama's...more

Eversheds Sutherland (US) LLP

Proposed Georgia legislation attempts to deny Jobs Tax Credits earned in prior years

In 2021, the Georgia Tax Tribunal ruled that a non-profit hospital was entitled to use Quality Jobs Tax Credits (QJTC) against its unrelated business income tax and its payroll withholding tax. Floyd Healthcare Mgmt., Inc. v....more

Burr & Forman

SC DOR Releases the 2023 Job Tax Credit County Tier Rankings & 2023 County Per Capita Income Figures for Job Development Credit

Burr & Forman on

The South Carolina Department of Revenue (SC DOR) annually ranks and designates the State’s 46 counties into four tiers based on unemployment rate and per capita income (S.C. Code Section 12-6-3360(B)).  Tier designation is...more

Husch Blackwell LLP

The Pathway to U.S. Hydrogen Development is Established

Husch Blackwell LLP on

On September 22, 2022, the U.S. Department of Energy (DOE) announced a $6-7 billion Funding Opportunity to begin the development of a nationwide program for the planning, construction, and operation of commercial-scale...more

Burr & Forman

South Carolina Department of Revenue Releases the 2022 Job Tax Credit County Tier Rankings

Burr & Forman on

The South Carolina Department of Revenue (SC DOR) annually ranks and designates the state’s 46 counties into four tiers based upon unemployment rate and per capita income (See S.C. Code Section 12-6-3360(B). Tier designation...more

Greenbaum, Rowe, Smith & Davis LLP

The New Jersey Economic Recovery Act Of 2020: An Overview Of The New Jersey Emerge Program

The New Jersey Economic Recovery Act of 2020 (ERA), a seven-year, $14 billion package of incentive programs intended to encourage New Jersey job growth, property development and redevelopment, community partnerships, and...more

Bricker Graydon LLP

DevelopOhio Economic Incentives Toolkit

Bricker Graydon LLP on

Bricker’s DevelopOhio blog is intended to serve as the go-to resource for economic development practitioners in Ohio. Arguably, the blog’s most valuable resource is the Economic Incentives Toolkit, first written in 2011 and...more

Orrick, Herrington & Sutcliffe LLP

Bilancio di Previsione dello Stato per l'anno finanziario 2020

(Legge 27 dicembre 2019, n. 160 pubblicata in Gazzetta Ufficiale serie generale 304 del 30 dicembre 2019). ...more

Womble Bond Dickinson

South Carolina Department of Revenue Announces Changes to County Tiers for 2020

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The South Carolina Department of Revenue has released the 2020 county tier rankings for all South Carolina counties. The rankings are reassessed each year and are determined in part by per capita income and unemployment rate...more

Holland & Knight LLP

CT Creates New Brownfields Program, Adopts Brownfields Tax Credit

Holland & Knight LLP on

Buried in an 881-page budget bill passed Thursday by the Connecticut General Assembly was a new program to support remediation and reuse of brownfields – properties long contaminated and underutilized – as well as new job...more

Eversheds Sutherland (US) LLP

Georgia Tax Tribunal Issues Two New Decisions on Remote Seller Nexus and Georgia Tax Credit Elections

The Georgia Tax Tribunal, in its first published decisions in more than a year, held that: (1) Scholastic Book Clubs has nexus in Georgia and must collect sales tax; and (2) a taxpayer’s election of one tax credit for...more

Downs Rachlin Martin PLLC

News from the Vermont State House - An analysis from DRM's Government & Public Affairs Team - February 2017 #2

Governor’s $35 Million Housing Bond Discussed in Ways and Means Committee - Executive Director Gus Selig of the Vermont Housing and Conservation Board revealed some of the details this week behind the $35 million bond...more

Smith Anderson

Single Sales Factor Apportionment May Be Coming to North Carolina

Smith Anderson on

In the last two years, the General Assembly has enacted major changes to North Carolina’s corporate income tax law, including significant rate reductions, elimination of numerous incentive credits and replacement of North...more

Ballard Spahr LLP

The EB-5 Program gains short-term extension in Congress

Ballard Spahr LLP on

Congress recently passed a short-term extension to keep the EB-5 Regional Center Program (commonly known as the EB-5 Program or the Immigration Investor Program) from expiring. The EB-5 program adds versatility to the...more

McDermott Will & Emery

Illinois Circuit Court Dismisses Challenge to Retained Job EDGE Credits

McDermott Will & Emery on

Corporations with Illinois Economic Development for a Growing Economy (EDGE) credit agreements giving credit for retained jobs can breathe a sigh of relief: The litigation challenging the state’s ability to grant EDGE credits...more

Benesch

Proposed Changes to the Ohio Job Creation Tax Credit and Job Retention Tax Credit

Benesch on

In February 2015, the Ohio General Assembly introduced House Bill 64 (“H.B. 64”), which is the biennial operating budget bill for the biennium beginning July 1, 2015. H.B. 64 includes significant proposed changes to the Ohio...more

Moore & Van Allen PLLC

The Alphabet Soup of Economic Development

Moore & Van Allen PLLC on

Do you ever read a news story about a new company locating to North Carolina and find yourself lost in all the acronyms? Do phrases like 3J, JDIG, JMAC and IDF make you wish you had an FAQ? Well here’s an FYI to help clear...more

Best Best & Krieger LLP

GO-Biz Announces $150 Million in Tax Credits Available for FY 2014-15

The Governor’s Office of Business and Economic Development (GO-Biz), serves as California’s single point-of-contact for economic development and job creation efforts, and administers the California Competes Tax Credit...more

Polsinelli

Polsinelli Podcasts - The Explosion of Tax Credits in 2014

Polsinelli on

Recently, The Wall Street Journal reported on how states are offering businesses tax credits in an effort to spur economic growth and create jobs. That's due to the fact that federal tax credits expired at the end of last...more

Bradley Arant Boult Cummings LLP

Alabama Legislative Update—Rounding the Corner in the Last Lap: An Update on Pending and Recently Enacted Tax Legislation

The 2014 regular session of the Alabama legislature has been underway for over two months and is nearing its end. The legislature is off this week for Spring Break, then returns on Tuesday, April 1, for three final meeting...more

Nexsen Pruet, PLLC

Comparison of Economic Development Incentives for South Carolina and North Carolina

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

Morrison & Foerster LLP

Not So EZ Anymore? The Tenuous State of California’s Enterprise Zone Credit

California's Enterprise Zone Act was promulgated "to stimulate business and industrial growth in the depressed areas of the state by relaxing regulatory controls that impede private investment" and to create a "strong,...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

The “New Jobs For New Jersey Act” Passes In Both The Senate And The Assembly

On February 7 and February 14, 2013, the “New Jobs for New Jersey Act” passed in the Senate (S2211) and the Assembly (A3312), respectively. ...more

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