Illinois—Sales and Use Tax: Tax Incentives for REV Illinois Electric Vehicle Production Discussed

May 12, 2022 | Blog

May. 12, 2022 For corporate and sale and use tax purposes, Illinois issued an informational bulletin discussing tax incentives for the Reimagining Electric Vehicles (REV) production. The Illinois Reimagining Electric Vehicles in Illinois (REV Illinois) Act establishes several tax exemptions to encourage continued growth in the manufacturing of electric vehicles, electric vehicle component parts, and […]

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State Tax Cut Trends

April 20, 2022 | Blog, Tax Reform

April 20, 2022   Major State Tax Proposals/Developments The KENTUCKY General Assembly has handily overridden Gov. Andy Beshear’s veto of House Bill 8. Among other things, the bill will lower the state’s flat income tax from 5 to 4 percent over the next two years and includes triggers to lower the rate further. MAINE Gov. […]

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Connecticut Governor Announces Tax Package

February 13, 2022 | Blog, Tax Credits

Feb. 3, 2022 Connecticut Gov. Ned Lamont announced a package of tax proposals that would: accelerate the phase-in of the personal income tax exemption for pension and annuity income; expand the corporation business tax credit for student loan repayments by employers; restore eligibility for the property tax credit to all personal income taxpayers and increase the credit; […]

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Pinellas County, Florida: Industrial Site Development Funding

February 8, 2022 | Blog, Economic Development

New Application Window Open for Office and Industrial Site Development Funding in Pinellas County, Florida Pinellas County has committed funds in excess of $80 million for its Employment Sites Program to provide capital for the construction or redevelopment of office buildings and industrial (manufacturing & flex) sites where projects support economic growth and job creation […]

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