New Jersey-Corporate, Personal Income Taxes:  Bill Expanding Film & Digital Media Tax Credit Program Signed

January 22, 2022 | Tax Credits

New Jersey Governor (Gov.) Phil Murphy signed legislation (S-4094/A-6070) that expands digital media production tax credits, bolstering the implementation of the New Jersey Film & Digital Media Tax Credit Program. Under the legislation, the amount of the digital media content production portion of the tax credit program is increased while maintaining the overall cap on tax […]

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Ohio: Redeveloping Properties Programs

December 15, 2021 | Blog, Grants

The Ohio Department of Development recently launched two programs focused on redeveloping properties in the Buckeye State. The Ohio Brownfield Remediation Program will provide $350 M in brownfield redevelopment funding and the Ohio Building Demolition and Site Redevelopment Program will provide $150 M in non-brownfield redevelopment funding. Guidelines and applications are out now, and companies […]

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Kentucky Tax Reform

December 15, 2021 | Tax Reform

Tax reform has been on Kentucky lawmakers’ minds for years, and while significant progress has been made recently, substantial work remains to be done. In 2018, the General Assembly made important strides in creating a more neutral, pro-growth tax structure even while generating a net increase in revenue. With its reduction in income tax rates, […]

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Reimagining Electric Vehicles in Illinois Act-Enacted

November 19, 2021 | Blog, Tax Incentives

Nov. 18, 2021 Illinois enacted the Reimagining Electric Vehicles in Illinois Act to provide incentives for electric vehicle (EV) manufacturing and production. Among other tax provisions, the Act includes the following: a sales and use tax exemption for building materials, and a provision allowing local jurisdictions to abate property taxes for certain REV Illinois Project […]

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Advanced Energy Manufacturing and Recycling Grant Program for Small Businesses

November 19, 2021 | Grants

Nov. 18, 2021 Small businesses investing in certain energy technologies are eligible for a new federal grant program under the Infrastructure Investment and Jobs Act. The Infrastructure Investment and Jobs Act ( H.R. 3684) (IIJA), signed into law by President Biden on November 15, 2021, establishes the Advanced Energy Manufacturing and Recycling Grant Program for small businesses […]

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