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Maryland residents may be eligible for a one time excise tax credit, up to $3,000.00, when they purchase or lease a qualifying plug-in electric vehicle through June 30, 2017. The rebate is 50% of the purchase and installation price capped for residential at $900, commercial at $5,000, and for retail service stations at $7,500.
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
percent, its largest 12-month increase since the period ending February 2017. 2017 2018 2018 2018 2018 2018 2018 June. percent for the period ending November 2017. percent of the 1-month percentage change based on all retail prices. The food index increased 1.4 percent, and the energy index rose 12.0 city average.
From the July/August 2017 Issue. 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. Build to suit retail/restaurant pads and Class A office development opportunities. By the BF Staff.
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 September/October 2017 Issue. There’s credit for the cost of training new employees and investing in low-income areas, plus provisions that allow small businesses easier entry into the program. percent are in the manufacturing sector and nearly 20 percent are in the wholesale and retail sectors. By the BF Staff.
4 in Best Business Climate, Texas—all have been perennial contenders for BF’s top honor, the State of the Year Award: Texas and Tennessee each have won the award three times since it was created in 2007; Virginia was the 2018 SOTY; Alabama won BF’s top award in 2017. “An The center will ultimately employ up to 2,000 associates.
which owns and operates more than 600 retail convenience stores in Wisconsin, Minnesota and Iowa, has announced a $300 million capital investment project that will enable the growing company to meet its capacity needs for the foreseeable future. million annually in additional state income tax revenue. Kwik Trip Inc.,
These efforts are paying off as jobs are being created in construction, hospitality, transportation, retail and healthcare. Census Bureau’s 2017 American Community Survey, which tracks households in the nation’s 100 largest metro areas, found that the New Haven-Milford metropolitan area topped a list of areas to which millennials moved.
From the July/August 2017 Issue . Business dollars go a lot farther in Florida given the state’s tax advantages, tax exemptions and no state personal income tax. Businesses thrive in this low-tax environment, and employees enjoy the benefit of no personal income tax. No state personal income tax. By the BF Staff.
Over $100 million in investments are expected to be made by concerns adjacent to the arena, which could generate over 1,000 new jobs, new retail and significant quality of life enhancements. That research supports the trade shows and targeted retail and hospitality efforts of the city. 1, 2017 and Dec. The company $7.2-million
percent in 2012, retail sales will grow at an average pace of 3.7 This is due in part to the fact that economic recovery in Florida is feeding into retail sales. The state will cross the trillion dollar threshold for nominal GSP in 2017. Florida’s economy, as measured by GSP, will have grown tenfold in size from 1980 to 2017.”.
In Maryland, state law does not address carryout bags provided by retail establishments. Laws enacted in 1998 required agricultural operations with $2,500 or more in gross annual income and livestock operations with 8,000 pounds or more of live animal weight to have and comply with a nutrient management plan for nitrogen and phosphorus.
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.
Agriculture Partnership in Assisting Community Expansion (Ag PACE): This program has been established to buy down the interest rate on loans to farmers who are investing in other nontraditional agriculture activities to supplement farm income. The total buy down amount per borrower may not exceed $20,000 per project or biennium.
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.
The 250,000- to 300,000-square-foot facility will employ 310 people and produce cookies, crackers and other items by contract for major food brands and retailers. Construction is expected to start this summer and the facility is scheduled to be operational by the end of 2017.
From the July/August 2017 Issue. Student achievement has improved every year and school superintendent Leonard Armato anticipates the system will receive its “A” rating in 2017. billion in income, $14.4 By the BF Staff. Essentially, the region is in the midst of a ‘boom.” Regionally, it contributes $1.8
From the September / October 2017 Issue. DMDII is one of nine institutes within the Manufacturing USA network, with six more planned by the end of 2017. 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.”.
eStockIt.com in Hollywood is an online retailer of restaurant, janitorial and office supplies. Government leaders are committed to retaining, creating and expanding job opportunities for the service, retail and industrial sectors of the community. By 2017, the plant is expected to churn out between 40 and 50 planes per year.
When Urban Outfitters was considering a relocation, a full-court press by an “Action Team” including the Pennsylvania Governor’s office and the PA Department of Community and Economic Development convinced the specialty retail giant to double down on its investment in the Commonwealth. The company will occupy the new building in early 2019.
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). million to relocate its headquarters from White Plains, NY to Elkhart, IN and expand its manufacturing operations in Goshen and Elkhart, creating up to 800 new jobs by 2017.
Ipreo Holdings plans to create 250 new jobs by the end of 2017 when it establishes a business center in Wake County, NC. Under the terms of the award, Ipreo is eligible to receive up to nine annual grants equal to 65 percent of the state personal income tax withholdings from the eligible new jobs created since the date of the initial award.
The Pennsylvania Rapid Bridge Replacement project aims to replace 558 aging bridges across the Keystone State by the end of 2017. agriculture, construction, gambling, healthcare and retail). The income tax credit/credits issued under this program are equal to 33-1/3 percent of the amount invested by an investor in an eligible business.
be constructed at no net cost to the company’s customers and will help stabilize electric rates over the long term by providing a rate reduction totaling $10 million per year by 2017, commencing with a $3.3 The company estimates the line will be in service in 2017, with construction beginning next year in O’Brien County.
From the September/October 2017 Issue. Here’s a peek at what’s driving change in 2017: The factory of the future: Tesla’s “Gigafactory,” may represent not just what future factories look like, but how companies approach their entire manufacturing process. The program boasts 225 member companies and 650 students enrolled for fall 2017.
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