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Kansas issued guidance on legislative changes to the income or privilege tax credits for employer provided child day care expenses, including: increases to the maximum credit and annual credit cap; the expansion of eligible expenses; and the addition of a carryforward period for unused credits. Notice 26-05, Kansas Department of Revenue, July 1, 2026 […]
Hawaii has made the following legislative changes to its motion picture, digital media, and film production tax credit: for qualified productions with a workforce of at least 80% local hires, providing additional credit equal to 5% of the qualified production costs incurred; requiring all taxpayers claiming the tax credit to submit an independent third-party certification […]
Gov. Kathy Hochul announced a proposed expansion of the state’s Child Tax Credit known as the Empire State Child Credit. The proposal would increase the maximum credit to $1,000 per child under the age of 4 and $500 per child ages 4 to 16. Families earning up to $170,000 annually would qualify for the credit […]
South Carolina has expanded the corporate headquarters credit so that it also applies to the individual income tax, and references to “corporation” are replaced with references to “taxpayer.” The law is also amended to specify that a taxpayer, or taxpayer’s business unit, doing business solely in South Carolina does not qualify as a headquarters. Qualifying […]
The South Carolina Department of Revenue has released an advisory opinion on the Solar Energy Credit, outlining its application and clarifying its various aspects. The credit is aimed at taxpayers who purchase and install qualifying solar energy systems, small hydropower systems, or geothermal machinery and equipment. The credit is equal to 25% of the costs […]
Ashmore Consulting is proud to join Pledge 1%, a global movement creating new normal where companies of all sizes integrate giving back into their culture and values. Pledge 1% empowers companies to donate 1% of product, 1% of equity, 1% of profit or 1% of employee time to causes of their choice. Over 1,500 companies in 40 countries have taken the Pledge and committed to give to communities around the world. Ashmore Consulting is excited to join Pledge 1%’s network of founders, entrepreneurs and companies around the globe that have committed to giving back.
