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ALABAMA - updated for 2014. 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.
Southwest view of the Fort Lauderdale International Airport. percent in 2014, 2.8 Rick Scott signed a bill into law that will eliminate sales tax on the purchase of manufacturing equipment starting April 30, 2014. percent in 2014 and 4.1 Photo: Greater Fort Lauderdale Alliance.). By Dominique Cantelme. percent in 2012, 1.6
From the March/April 2014 issue. Business will be able to locate in these special university economic zones and operate 100 percent tax-free for 10 years, with no income tax, business or corporate state and local taxes, no sales tax, no property tax, no franchise fees, and in many cases, no income tax for employees.
From the July/August 2014 issue. According to Deloitte’s 2014 Global Aerospace and Defense Outlook , the commercial aerospace sector is expected to experience significant growth this year, driven by continued record-setting production levels at assembly facilities and throughout the aerospace supplier network. By Shana Daley.
From the July/August 2014 issue. Projections show that even just a 15 percent increase in 2014 could generate an additional 1,725 jobs and infuse another $10 million into Illinois’ economy.”. In addition, Decatur has an airport with a Class I Instrument Landing System and runways of 8,400 feet capable of supporting wide-body aircraft.
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.
From the July/August 2014 issue. Three international airports, three major seaports, seven executive airports, and 40 colleges and universities as well as 23 miles of beaches, 300 miles of waterways, 40 golf courses, and average yearly temperatures of 82°F are only some of the reasons to relocate to the Greater Fort Lauderdale area.
From the May/June 2014 issue. million aviation technical school is nearing completion at the Fairhope Airport Industrial Park, designated at an Alabama AdvantageSite. The latest designation happened in April, when the Fairhope Airport Industrial Park in Baldwin County received the AdvantageSite certification. as of May 2014).
From the May/June 2014 issue. In 2014, aviation-related commodities made up over $43 billion of exports through Washington. 15 minutes to Paine Field Airport and air cargo facilities. 45 minutes to Sea-Tac International Airport. Far West Washington BF-May/June-2014 Boeing Everett Pacific County Snohomish County'
million workers in 2014, and another 3.2 billion in corporate federal income taxes and $4.1 billion in state and local income taxes in 2014, a $1.5 Additionally, individual income taxes paid totaled $23.9 billion in 2014, a 9.9 According to the study, the aerospace and defense sector directly employed 1.2
An airport of entry (AOE), usually designated with the word “international”, provides customs and immigration services for incoming flights. These services allow the airport to serve as an initial port of entry for foreign visitors arriving in a country. billion in 2014, accounting for 12.1 FTZs jumped 24.8
After more than 18 years of planning, work finally began in late January on a new, 8,000-foot-long runway at Fort Lauderdale-Hollywood International Airport. The huge $791 million South Runway Expansion Project should be completed and ready for landings and takeoffs in September 2014. of new office space by 2014.
million-square-foot building located on 83 acres near Phoenix-Mesa Gateway Airport. The KOZ incentive program provides tax abatements for county and township property taxes, corporate net income taxes, and school taxes for a period of 10 years. The full report will appear in the January/February 2014 issue of the magazine.
While the national average of per-capita income going to taxes is 9.9 In addition, Arizona’s taxes on property, gas and personal income remain low compared to the rest of the country. Air Force Research Laboratory for several years, the City purchased the facility in 2014, renamed it, and retained its high security protocols.
From the January/February 2014 issue. million-square-foot building located on 83 acres near Phoenix-Mesa Gateway Airport. Noting that the rolling pasture land was less than 20 miles from Atlanta’s international airport, the Pinewood team indicated it was a feasible location for their new studio complex. manufacturing.”
Family-owned Duncan Aviation is undertaking a $25-million expansion including an 80,000-square-foot maintenance hangar, 95,000 square feet of office and shop space; the new facilities are scheduled to open in June 2014. Last year, Duncan Aviation opened an $11.5-million million paint shop.
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. From a statistical perspective, one measure that illustrates how a community’s economic health is trending can be seen through tracking the area’s median income levels.
From the March/April 2014 issue. Dassault Falcon Jet, the region’s top manufacturing employer and the French company’s largest facility in the world, renewed its lease at the Bill and Hillary Clinton National Airport through 2040. By Shana Daley. Credit: Panoramio/mkwintz; inset, jetoptionsjetcharter.com.).
From the May/June 2014 issue. Additionally in 2014, the City of Frankfort already has announced the location of two food processing companies to the City. 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. By Julianne Feaver.
The Lubbock Rail Port is a 526-acre tract of land that provides access to Interstate 27, the Lubbock Preston Smith International Airport and Burlington Northern Santa Fe (BNSF) Railway. The Lubbock Business Park is a 586-acre tract of land located on I-27 approximately one mile south of Lubbock Preston Smith International Airport.
The first four sites—all 200-plus acres—completed designation in 2014, with the additional six sites earning designation in summer 2015. Creating jobs and increasing family incomes for Iowans is my administration’s top priority,” said Gov. In 2014, Iowa reached a new export record of more than $15.1
From the March/April 2014 issue. In 2013, 459,380 kilowatt (KW) hours were generated by wind farms in Nebraska, a number that is expected to reach 534,380 KW hours in 2014. In January 2014, Texas completed the last segment of the $6.8-billion By Jenny Vickers and Jack Rogers. It’s just a clean product.”.
no personal income tax), business-driven tort reform, a variety of incentives and an overall low cost of doing business. In July 2012, XCOR announced the creation of its new Commercial Space Research and Development Center headquarters at the Midland International Airport. This new facility is slated for completion in late 2014.
The property is part of the Urbana Corporate Center, a large campus that also is home to a 60,000-square-foot data center servicing Fannie Mae, a provider of housing loans to low-income Americans. The new data center will seek LEED Gold certification, and is scheduled to complete construction in late 2014. MD HAS PLENTY.
From the May/June 2014 issue. The Horizon 2020 framework program, for example, covers the period 2014 to 2020, and it is the EU‘s main instrument for supporting research, development and innovation in Europe. percent tax rate for patent income). This Contributed Column is brought to you by MIDAS, Invest in Manchester.
billion in 2014, will grow to $11 billion in 2023. In his spare time, Stenger and his partners have been raising EB-5 funding for nearly $600-million worth of projects in Vermont, including expansions at Jay Peak and nearby Burke Mountain, and a new hotel and airport upgrade in Newport, VBM reports.
We have low costs of doing business, our corporate income tax rate is the lowest in New England, the quality of life is high and cost of living is relatively low.”. This includes easy access to an international airport, the Port of Charleston, SC and an inland port via I-77. Rhode Island is very competitive,” said Pryor. “We
North Central Florida prospers with natural resources, convenience to large markets and intermodal transportation channels such as rail systems and commercial airports. Its seaports and airports create a cost competitive logistics and distribution network with access to the global economy.
That, along with a strong economy and zero personal state income tax, make it a great place to do business. In the Bluegrass State, companies announced 92 new-facility or expansion projects since the beginning of 2014, according to the Kentucky Cabinet for Economic Development. ALUMINUM GOES WHITE-HOT IN KY.
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