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Tax Incentives Job Creation

Womble Bond Dickinson

Inflation Reduction Act Gives a Boost to the Biogas Sector

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​​​​​​​The $369 billion Inflation Reduction Act (the “Act”) enacted in August 2022 expanded and extended numerous tax credits and incentive programs for development of clean energy projects. The biogas industry is one sector...more

Womble Bond Dickinson

South Carolina’s Major Economic Development Incentive Change

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On June 22, 2022, Henry McMaster, the Governor of South Carolina, signed South Carolina Bill 901 (the “Bill”) into law. The Bill amends the Enterprise Zone Act of 1995’s section on Job Development Credits (JDCs), one of South...more

Womble Bond Dickinson

Senator Tim Scott Considers Bill to Modify Opportunity Zones

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Last week at the United States Conference of Mayors, Senator Tim Scott (R – S.C.) announced that he was considering a bill to let state and local governments amend the census tracts they chose to designate as part of the...more

Benesch

City of Columbus Announces New Policy for Tax Incentives

Benesch on

On January 29, 2018, Columbus Mayor Andrew Ginther and City Council announced a new policy for tax incentives that would significantly change the way in which tax abatements and other incentives are structured in certain...more

Holland & Knight LLP

CT Creates New Brownfields Program, Adopts Brownfields Tax Credit

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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

Foley & Lardner LLP

Michigan Adopts New Incentive Tool for Economic Development

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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

Mintz - Energy & Sustainability Viewpoints

Senator Wyden Introduces “Clean Energy for America Act”

Senate Finance Committee Ranking Member Ron Wyden (D-OR) recently introduced the “Clean Energy for America Act,” which aims to create a new technology neutral system for federal tax credits for clean energy, clean fuel, and...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The struggle to attract and retain businesses and the jobs they provide has increasingly led to states and cities squaring off against others, with competing tax incentive packages the very real currency of the battle....more

Burr & Forman

South Carolina Economic Development Incentives: Job Development Credit

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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

Nexsen Pruet, PLLC

NC Legislative Update for October 2015

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This Week - The North Carolina General Assembly has finally ADJOURNED! And they did so just after 4:00 in the morning on Wednesday September 30th, 2015. The close of the nine-month long 2015 session was met with a round...more

Alston & Bird

GASB Issues Final Rule on Financial Reporting of Tax Abatements

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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

McDermott Will & Emery

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

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

Stoel Rives LLP

Economic Development Law Alert: Idaho Targets Job Creation With New Refundable State Income Tax Credit for Business

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Job creation efforts in Idaho received a boost earlier this month, when a new refundable state income tax credit for new or existing businesses went into effect. The Idaho Reimbursement Incentive Act creates a tax credit that...more

Nexsen Pruet, PLLC

Comparison of Economic Development Incentives for South Carolina and North Carolina

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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

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