Florida—Corporate Income Tax: Guidance on Internship Tax Credit Program Issued Feb. 28, 2022 For corporate income tax purposes, the Florida Department of Revenue published a tax information publication on the Florida internship tax credit program. For taxable years beginning during the 2022 and 2023 calendar year, a student internship tax credit is available. The program […]
As of March 4, 2022 Georgia proposes to move to a 5.25 percent flat tax; A plan out of Idaho picking up speed that would eliminate all property taxes except for bonds and school levies and make up the lost revenue with an increase to the sales tax; A Nebraska bill that would cut both the personal and corporate […]
Feb. 17, 2022 Illinois adopted regulations that implement corporate and personal income tax credits for creating jobs in the state from: High Impact Business construction projects; Enterprise Zone construction projects; River Edge Redevelopment Zone construction projects; and Economic Development for a Growing Economy (EDGE) construction projects. What Do the Regulations Cover? The new and amended […]
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; […]
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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