California: CalCompetes New Grant Program

November 12, 2021

CalCompetes has added a new grant program in the state’s 2021/2022 budget. $120 million in funding is available, with individual awards up to $36 million. The application period opens January 3 and closes January 24. This is a great opportunity for companies that typically would not be able to take advantage of a tax credit […]

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Changes to Montana Tax Credit Programs

November 8, 2021

Signed on May 14, H.B. 629 enacted Grow Montana Jobs, an annual Job Growth Incentive Tax Credit (Job Growth Credit). This new credit is a nonrefundable annual job growth incentive credit against state income tax available for calendar years 2022 through 2028. The credit is equal to 50% of Montana FICA taxes paid by an employer multiplied by the […]

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Texas—Corporate Income Tax: Research and Development Credit Rule Amended

November 8, 2021

Corporate Income – Texas Nov. 1, 2021 Texas has adopted changes to its franchise tax credit rule for research and development activities. The changes include: Incorporating the four-part test for “qualified research” in IRC §41(d); Clarifying the application of federal regulations; Defining “qualified research expenses” as the sum of in-house research expenses and contract research […]

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Maryland Innovation Investment Tax Credit

November 5, 2021

The Maryland Innovation Investment Tax Credit program has officially launched. The program, which has $2M in funding for Fiscal Year 2022, will also help increase overall investments in current and emerging tech sectors, and boost the number of individual investors in Maryland. The Maryland Innovation Investment Tax Credit provides a refundable income tax credit to a qualified […]

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Kansas: Corporate Income Tax Changes

October 19, 2021

Kansas—Corporate Income Tax: Changes to High-Performance Incentive Program Kansas issued a notice on changes made during the 2021 legislative session to the High-Performance Incentive Program investment tax credit for corporate income tax purposes. The notice clarified that a new law: Removes participation in the Kansas Industrial Training program or the Kansas Industrial Retraining program as […]

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