Remove 2016 Remove Banking Remove Debt Remove Liability
article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the FASB ASU 2016?02 Going forward there will be a long-term asset offset by a current liability and a long-term liability. Existing debt covenant calculations may need to be amended as a result of the implementation of the new lease standard. Wed, 06/01/2022 - 12:48.

Leases 177
article thumbnail

PACE Bill Due in Baltimore City

Green Building Law Update

However, as I wrote in this blog on July 24, 2016, HUD Jumpstarted Financing For Homes , reversing their previous position and now widely allowing residential PACE loans. While Sonoma County was an early innovator, Connecticut has a widely admired statewide green bank program that is up and running and it is the model for Maryland.

Baltimore 120
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

By Business Facilities Editorial Staff From the March/April 2016 Issue. Our 2016 awards include recognition for the locations that have led the way in smart-grid modernization, innovative funding for infrastructure projects, renewable energy breakthroughs and new tools for supporting startups and entrepreneurs.

Indiana 40
article thumbnail

PACE Programs are Stepping Up the Pace

Green Building Law Update

In the event of a default, the liability is a property tax lien collected by the local government with the priority associated with other real property tax liens, so existing mortgage holder consent is required. Commercial PACE programs are still very new.

Lien 120
article thumbnail

COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

Buisness Facilities Contributed Content

Additional construction will continue into 2016 and the plant is anticipated to begin commercial production in 2018. This is especially true with the sites that are owned by local government units as they have generally completed the environmental review which then ends environmental liability for future users and property owners.

Site 49
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75