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billion project that has earned our 2013 Economic Development Deal of the Year Gold Award. The Arizona team worked closely with Maricopa County’s air-quality department to obtain the required permits for Apple. Mesa also processed the required permits expeditiously. Hankook Tire’s decision to put its first U.S.
Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25
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.
1 home builder in building permits and construction value, scaring off every large-volume, multistate production operation that dared enter Ivory’s Wasatch Mountain lair. 1 home builder in terms of building permits and construction value and reaching the milestone, in 2019, of 20,000 homes sold (right). and Outward.
See Results of 2013 Renewable Energy Fund – October 22, 2013. Income Apportionment – Depository Institutions: Income of banks having a regular place of business outside Rhode Island are entitled to a portion net income using a three-factor formula similar to that used for the corporate income tax.
On July 23, 2013, Governor Pat McCrory signed new tax reform legislation into law. Income tax rates for all taxpayers will be lowered to a uniform rate of 5.8% The corporate income tax will be reduced to 6% in 2014 and 5% in 2015. The corporate income tax will be reduced to 6% in 2014 and 5% in 2015. Tax Incentives.
From the January/February 2013 issue. After swallowing that gloomy news, Californians trudged to the polls in November and approved a referendum increasing their state income taxes by a whopping $6 billion a year. BARSTOW: ONWARD AND UPWARD IN 2013. The City of Barstow believes there is much to be optimistic about in 2013.
From the March/April 2013 issue. And now, without further ado, here are the winners of our 2013 Economic Development Awards. In 2012, the Alliance visited 178 companies to assist with access to capital, workforce training opportunities, permitting issues and site location assistance. By Business Facilities Staff.
48.2): In the 2013 legislative session the budget agreement included appropriating $3,000,000 to the Oklahoma Quick Action Closing Fund. Legislation enacted in 2013 extends the one-time income tax credit for investments in qualified clean burning motor vehicle property from 2015 to 2020 and is effective November1, 2013.
Businesses will be able to locate in these zones and operate 100 percent tax-free for 10 years (no income, business, sales or property taxes and no franchise fees). In 2007, the statewide economic impact from film was estimated at $242 million; by 2013, this had grown to $3.5 WyoRECs™ Renewable Energy Credit Discount Program.
From the March/April 2013 issue . KG: The law encourages investment in technology companies by providing a tax credit against corporation business and gross income taxes of up to 10 percent of the qualified investment, up to a maximum of $500,000 per year for each investment. Kim Guadagno, State of New Jersey.
State and local officials also have come up with innovative solutions that permit major industries to expand without tapping into the local supply of fresh water. Oklahoma previously set a Renewable Energy Portfolio standard requiring it to get 15 percent of its electricity from renewables by 2015, but the state hit the target early, in 2013.
From the September/October 2013 issue. Through the end of January 2013, the TETF has allocated more than $200 million in funds to 140 early stage companies, and $216 million in grant matching and research superiority funds to Texas universities. Hands-on training at Byron Martin Advanced Technology Center. Credit: Lubbock EDA.).
Funds must be used for real estate development (acquisitions, construction and/or rehabilitation) to assist a business, which commits to create and/or retain permanent jobs, primarily for low- and moderate-income persons. The state also permits a corporate deduction from the state’s franchise tax for renewable energy sources.
The plant will initially create 286 production jobs when it opens in 2013. Using the BUILD NOW NY program to pre-permit sites as “shovel-ready,” all permits were obtained in 54 days and the facility was constructed in only 53 weeks. They aim to make Genesee County the yogurt capital not only of New York State, but of the world.
Effective September 1, 2010 an evergreen clause permits the renewal of issuing capacity by ODFA. At least 51% of the new jobs must be made available to low and moderate-income persons. Manufacturer’s Sales Tax Exemption: This incentive is available to manufacturers that obtain a manufacturer’s sales tax exemption permit.
Washington dodged a huge bullet at the end of 2013 when it persuaded Boeing (with nearly $8 billion in tax credits) to renew its commitment to the keep manufacturing in the state. Oysters, shrimp and crab are among the primary income producers, but shellfish are only part of the story. Photo: seattle.gov.). By Ed Felton.
And, in 2013, the 3,009-acre South Alabama Mega Site in Bay Minette as well as the 50-acre Loxley North Property on Baldwin County 49 earned AdvantageSite designations. The company has invested an additional $6 million and created 100 new jobs in addition to the 300 already announced in June 2013. Photo: flickr.com/photos/gdecd).
The plant will initially create 286 production jobs when it opens in 2013. Using the BUILD NOW NY program to pre-permit sites as “shovel-ready,” all permits were obtained in 54 days and the facility was constructed in only 53 weeks. They aim to make Genesee County the yogurt capital not only of New York State, but of the world.
The Deloitte study, which is the most comprehensive look at the aerospace/defense sector, projects overall growth of about five percent this year, matching the trends recorded in 2012 and 2013. percent in 2001 to an estimated 31 percent in 2013. Cost of doing business is 15 percent lower than the national average.
billion in Federal individual income taxes, and $1.9 billion in state individual income taxes. The average annual wage was $114,757, which was 106 percent higher than the state’s total private sector average annual wage of $55,736 (NJ also is one of our top-ranked states in Per Capita Income). Deloitte estimates that the U.S.
Yokohama announced in 2013 it would locate a commercial truck tire plant in West Point, MS, the company’s first in the country to be built from the ground up. Likewise, in 2013, Hankook selected a prime location in the Clarksville-Montgomery County Business Park South as home for its first North American manufacturing site.
From the March/April 2013 issue. Braun Melsungen had their roofing ceremony in January 2013. The building will probably be completed by October 2013. To support intellectual property rights, Luxembourg offers an 80 percent tax exemption to income from patents, trademarks, design, models and software copyrights or domain names.
You have until December 1, 2013 to show that you have trained your employees to understand the new Globally Harmonized System (GHS) of chemical labels, pictograms and Safety Data Sheets (SDS). The requirement for employers to train employees on the new label elements and SDS format by December 1, 2013 is the first deadline.
You have until December 1, 2013 to show that you have trained your employees to understand the new Globally Harmonized System (GHS) of chemical labels, pictograms and Safety Data Sheets (SDS). The requirement for employers to train employees on the new label elements and SDS format by December 1, 2013 is the first deadline.
Less Taxing” since there is no state personal income tax—a key point for consideration, especially for the attraction and retention of key employees. The City of Fort Lauderdale helped us with the construction permits needed in order to build our space. We received a concierge service and our permits were done in less than two weeks.
As part of its efforts to support and grow an innovative, technology-based and entrepreneurial business environment, the Department of Commerce launched the state’s first Office of Innovation in the fall of 2013. In 2013 its transmission system customers were without power on average just six minutes all year.
Nationwide, the number of smart meters (with two-way communication capability) passed the number of old-line meters in 2013. The expanded Canal will permit super-sized Post-Panamax container vessels to travel directly to the East and Gulf Coasts of the U.S. The income tax credit earned may be sold upon approval by AEDC. .
Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. Walking you through the permitting process. Streamlined approval processes for zoning, permitting and design also aid speed to market. effective buying income. population.
From the May/June 2013 issue. percent growth supported by its robust export industry, and it is on track to meet its 5 percent target for 2013. The BOI even offers on-site visa and work permits, with most permits being issued in under three hours! percent as of February 2013]. Photo: Thailand Board of Investment.).
That, along with a strong economy and zero personal state income tax, make it a great place to do business. That’s well above the approximately $1 billion in aluminum-related projects announced 2001-2013. This policy moves your expedited plan reviews and permitting to “the front of the line” at no cost.
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