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 […]
Big changes are Coming to Kentucky’s Tax Code and More State Alerts
April 27, 2022 Big changes are coming to Kentucky’s tax code. Ratified in April 2022, Kentucky House Bill 8 will gradually lower the state’s income tax and impose new sales taxes on certain high-growth industry services. Implications of the new bill on Kentucky businesses and individuals. KY House Bill 8 to Lower Income Tax, Add […]
State Tax Cut Trends
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. […]
Connecticut Governor Announces Tax Package
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; […]
Pinellas County, Florida: Industrial Site Development Funding
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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