California tax breaks for semiconductor companies

October 27, 2023

California Governor Gavin Newsom signed a budget bill that includes tax breaks for semiconductor companies. Senate Bill 131 modifies the new employment tax credit to attract semiconductor factories, responding to federal incentives aimed at strengthening the microprocessor supply chain.     Don’t leave money on the table. Reach out to Ashmore Consulting to learn about the tax […]

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Kentucky: Small Business tax credits worth up to $25,000

September 13, 2023

Gov. Andy Beshear urged the owners of Kentucky’s small businesses, which help drive the state’s job growth and innovation, to apply for a tax credit of up to $25,000. Qualifying small businesses should apply now to ensure the best chance of approval in time for this year’s tax filings and receive the Kentucky Small Business […]

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Texas Incentive Tool for Economic Development Revitalized

June 7, 2023

On June 7, 2023, Texas Governor Greg Abbott signed legislation (HB 5) revitalizing Texas’s primary incentive tool for economic development. The new legislation replaces the expired Chapter 313 program, which provided property tax incentives for companies that agree to expand and create jobs in specific locations. The revised program will similarly offer property tax incentives to attract business […]

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Illinois New Economic Development Incentives

April 8, 2023

Illinois recently passed major new economic development legislation that is set to boost the state’s economic competitiveness. The incentives, signed into law by Governor JB Pritzker on February 3, provide stronger financial assistance for businesses to relocate to or expand in the state, and makes it easier for them to qualify for existing programs, particularly […]

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