Tax reform is a current topic in the news and on talk shows. All agree that the Internal Revenue Code is complicated and there are two cases in the historical tax credit area that illustrate this point and the risk one faces in entering into a tax credit deal. Virginia Historic Tax Credit Fund 2001 […]
Last week New Jersey’s Economic Development Authority approved $190 million in tax credits over a 10-year period for JPMorgan Chase to relocate its headquarters to the state.The incentive agreement calls for $18.8 million per year, including $8,734 per job. The company’s relocation will create 2,150 technology jobs for its Jersey City campus, bringing the total […]
A number of states across the U.S. have elected to lower corporate tax rates and increase tax credits as of July 1, reversing the trend of increasing taxes in order to shore up deficits that began after the recession. According to Stateline, a nonpartisan new service of the Pew Charitable Trusts, Indiana and Rhode Island businesses […]
The April 24 deadline is approaching for Kansas Gov. Sam Brownback to make a decision regarding a bill to increase funding for state public schools, according to the Associated Press. Legislators finished working on the bill April 6, before taking a recess until late in the month. Among other measures, the bill would end teacher tenure, […]
