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; […]
Pinellas County, Florida: Industrial Site Development Funding
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 […]
New Jersey-Corporate, Personal Income Taxes: Bill Expanding Film & Digital Media Tax Credit Program Signed
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 […]
Ohio: Redeveloping Properties Programs
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 […]
Kentucky 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, […]