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State by State Incentives Guide

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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.

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STATE FOCUS: Florida – Let The Sun Shine

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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

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Location Focus: New York – The Empire State Leverages Its Strengths

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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.

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Industry Focus: Global Aerospace Production Soars To New Heights

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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.

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Location Focus: Illinois – Trying to Make Headway in Every Way

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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.

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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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Location Focus: Florida – Rebounded And Ready

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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.

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