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3 affordable housing projects that serve as social catalysts

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Eleven million people in this country are paying more than half of their income for rent, and these are low-income people,” says Richard Burns, CEO of the NHP Foundation, a national not-for-profit provider of affordable housing. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.

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New Mexico Incentives and Workforce Development Guide

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In addition, a taxpayer who holds an interest in a qualified generating facility in New Mexico that files a corporate income tax return may claim a credit for 6% of the eligible generation plant costs of a qualified facility. The corporate income tax credit is 30% of eligible costs up to $30,000 in any taxable year.

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New Mexico Incentives and Workforce Development Guide

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Rural Jobs Tax Credit: This credit can be applied to taxes due on (state) gross receipts, corporate income or personal income tax. Non-retail service companies that export a substantial% age of services out of state (50% or more revenues and/or customer base). The credit may be carried forward for up to 3 years. Apportionment.

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LOCATION FOCUS: Texas: Big Heart, Country, Business

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no personal income tax), business-driven tort reform, a variety of incentives and an overall low cost of doing business. By December 2011, Texas employers had replaced all of the jobs shed during the recession compared with the nation’s 44 percent recovery. Department of Commerce) with exports in 2011 totaling more than $249.8

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FEATURE STORY: Thailand — Nuanced Nation, One-Stop Shop

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Thailand is a richly nuanced country that draws tourists from every part of the globe but it offers even more than culture, relaxation and nightlife. Thailand also offers the second lowest corporate income tax rate, behind Singapore, in Asia. I found myself marveling at the complexity of the kingdom.

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STATE FOCUS: Lassoing Jobs In Texas

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Texas’ vibrant economy—made possible by the state’s superior workforce, excellent business climate, central location, relatively low production costs and aggressive incentive funding—continues to draw companies from around the country and around the world, proving time and again that Texas really is “Wide Open for Business.”.

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