Facilities placed in service before January 1, 2022, can claim up to 3.1 cents per kilowatt hour for wind and geothermal energy, while facilities placed in service after that date only receive 3.0 cents per kilowatt hour (if prevailing wage and apprenticeship requirements are met). Taxpayers should assess their eligibility for the PTC based on […]
Kentucky made changes to the corporation and personal income tax credits for film production expenses in the state that: extend credit eligibility to qualifying expenses in the state to film or produce video games, music videos, or commercials; expand qualifying payroll expenses to include employer-paid payroll taxes, union and guild benefits, workers' compensation insurance premiums, […]
Georgia’s government has revised the rules for enterprise zones, impacting state and local sales and use tax exemptions. Redevelopment projects qualifying as enterprise zones will no longer receive automatic state sales tax exemptions, requiring approval by the Governor or their designee, while local sales tax exemptions remain applicable. Act 459 (H.B. 1129), Laws 2026, effective […]
Louisiana has enacted two new tax incentives for manufacturing activities associated with aerospace programs. An approved aerospace facility owner or contractor is eligible for a sales tax rebate, paid annually, for sales and use taxes paid for the purchase, lease, rental, or use of machinery, equipment, materials, supplies, or services used directly in aerospace activities. […]
Federal Tax The IRS has expanded tax incentives for investments in rural Qualified Opportunity Zones (QOZs) under the One, Big, Beautiful Bill. Effective July 4, 2025, the substantial improvement threshold for rural QOZ property is reduced from 100 percent to 50 percent. Rural areas now include locations with populations under 50,000 and adjacent non-urbanized zones. […]
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