Follow Us
Arizona Arizona—Corporate, Personal Income Taxes: Motion Picture Production Credit Enacted Jul. 11, 2022 Arizona will allow motion picture production companies a new refundable income tax credit for tax years beginning after December 31, 2022. How do companies qualify for the credit? To qualify for the credit, a motion picture production company must either: use a […]
Illinois: Recovery and Mental Health Employment Credit Enacted
June 30, 2022 | Tax Credits
Illinois —Corporate, Personal Income Taxes: Recovery and Mental Health Employment Credit Enacted Jun. 14, 2022 Effective for tax years beginning on or after January 1, 2023, Illinois is providing a corporate and personal income tax credit to employers in the state who hire eligible individuals in recovery from a substance use disorder or mental illness. […]
Colorado—Corporate, Personal Income Taxes: Advanced Industry Investment Tax Credit Extended and Increased
June 8, 2022 | Blog
Colorado—Corporate, Personal Income Taxes: Advanced Industry Investment Tax Credit Extended and Increased Jun. 8, 2022 Colorado has modified its advanced industry investment income tax credit as follows: extended the credit to investments made through 2026 (previously, 2022); increased the credit to 35% (previously, 30%) for qualified investments in rural or economically distressed areas; increased the […]
Connecticut and Oklahoma: Corporate Income and Other Tax Updates
Connecticut—Corporate Income Tax: Manufacturing Apprenticeship Credit Extended to PTE Tax Jun. 2, 2022 Connecticut provides a corporation business tax credit for employing apprentices in the manufacturing trades. Effective for tax years beginning on or after January 1, 2022, S corporations, partnerships, and limited liability companies eligible for the credit can apply it against Connecticut pass-through entity tax […]
Maryland and Nevada Tax Updates
May 17, 2022 | Blog, Tax Incentives
Maryland—Corporate, Personal Income Taxes: Film Production Activity Tax Credit Expanded to Include Digital Animation Projects May. 17, 2022 The Maryland film production activity income tax credit is expanded to include digital animation projects. A “digital animation project” is the creation, development, and production of computer-generated animation content for distribution or exhibition to the general public. Ch. 323 […]
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.
