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Tax Reform Impact on Employers and Employees

Revit OpEd

Repeal of employee deduction and income exclusion for moving expenses: Under current law (Code Section 132(a)(6) and (g)), an employee can exclude qualified moving expense reimbursements from gross income. Certain of these expenses are not deductible unless, in aggregate, they exceed 2% of the employee’s adjusted gross income.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships. The tax for existing entities accrues as of Jan.

Income 108
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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.

Income 75
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Feature Story: 2016 Economic Development Awards

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Our award winners are the State of New York , for its Reforming the Energy Vision Initiative; Duke Energy , for the Duke Energy Smart Grid Lab; and Oncor/Lancaster TX , for Oncor’s Microgrid Project and Tech Center. billion and create more than 1,400 new high-tech jobs in Rochester. for the first time.

Indiana 40
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FEATURE STORY: 2013 Economic Development Awards

Buisness Facilities Contributed Content

In 2012, the Alliance visited 178 companies to assist with access to capital, workforce training opportunities, permitting issues and site location assistance. is transforming the economies of several states, especially in the region that includes the Marcellus formation (stretching from Ohio through Pennsylvania and into upstate New York).

El Paso 106
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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

Buisness Facilities Contributed Content

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. Environmental concerns about the potential for ground-water contamination from fracking have kept California and New York on the sidelines.

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Those Days Are Over

Business Facilities

Finally, after legal liability and economic impact weigh in behind public opinion, the scales of justice permanently tilt toward a righteous outcome. Mike Pence signed a hastily passed revision of the bill with language clarifying that the law would not permit discrimination. Three months later, then-Gov.