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While standing next to each other during a press conference, Louisiana Governor John Bel Edwards and Lotte CEO Soon Hyo “Steve” Chung told a group of onlookers that the company would establish its headquarters in Lake Charles (relocating from Houston). By the BF Staff. From the July/August 2017 Issue. Photo: SWLA). Edwards said. “We
CGI Federal recently celebrated the dedication of its 50,000-square-foot information technology center that serves as an anchor for the 143-acre University of Louisiana at Lafayette Research Park. LED began discussions with CGI about a potential Louisiana technology center in August 2012, leading to an April 2014 announcement of the project.
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). The Louisiana Supreme Court ruled in favor of the city in 2007, beating back legal challenges from private service providers who tried to block the project.
Located on 10 acres in a Denver suburb, it serves some 500 low-income homes. . Last year four other states—Arizona, Louisiana, Oklahoma, and Tennessee—passed laws preventing localities from adopting zero-emission building codes that essentially ban new natural gas service hookups for new buildings, including homes. .
Projects: IBM Tech Center (Louisiana Economic Development), Pinewood Atlanta Studios (Fayette County Development Auth.), The company will help strengthen our competitiveness for talent, help diversify our region’s economy, and work in a close relationship with our key partner, Louisiana State University.”. Honorable Mentions.
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 KPMG’s 2015 “Location Matters: The State Tax Costs of Doing Business” noted Louisiana ranks No. However, despite the decline in employment numbers, the U.S.
Highlights include the largest industrial spec development lease in the last five years in Broward County. Recent announcements from Louisiana make it clear that the Bayou State is emerging as leading high-tech hub. Louisiana is moving quickly to capitalize on this trend and maximize its impact.
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. Other states with large shale deposits—including Pennsylvania, Ohio and Louisiana—are moving full speed ahead with large-scale fracking operations.
An airport of entry (AOE), usually designated with the word “international”, provides customs and immigration services for incoming flights. PORT OF SOUTH LOUISIANA: A BEVY OF ACTIVITY. This is the second year in a row we are number one in that category”, says Paul Aucoin, Executive Director of the Port of South Louisiana.
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. Other states with large shale deposits—including Pennsylvania, Ohio and Louisiana—are moving full speed ahead with large-scale fracking operations.
Natural gas also is lifting the state economy in Louisiana. 3 natural gas producer (including offshore production), Louisiana is uniquely poised to create significant next-generation energy growth. With 32 ports statewide, Louisiana offers six deep-draft ports capable of transferring large quantities of cargo, is one of only two U.S.
The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. 25 to $1.75
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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