Buisness Facilities Contributed Content

MARCH 8, 2016

For FY16 (July 1, 2015 through June 30, 2016) EDD has received an appropriation of $50 million in LEDA CO. The credit may be applied against the taxpayer’s gross receipts tax liability or compensating tax liability. LEDA funds are provided on a reimbursable basis only. Are eligible for the Job Training Incentive Program.

New Mexico 40

New Mexico Compensation Income Railroad 40

Buisness Facilities Contributed Content

JULY 11, 2014

The credit can be applied to the state portion of the gross receipts tax, compensating tax and withholding tax. Qualified employers: Must have made more than 50% of its sales to persons outside New Mexico during the most recent 12 months of the employer’s modified combined tax liability reporting periods ending prior to claiming this credit.

New Mexico 40

New Mexico Compensation Income Finance 40

Buisness Facilities Contributed Content

APRIL 15, 2014

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 8, 2016

Loan funds may be used to finance real estate, machinery and equipment and for the purchase or leasing of equipment. Total credits are limited to $2 million in any per calendar year for 2013-2015 and $500,000 per calendar year for 2016 and 2017. The term of the loan will vary depending on the loan purpose with a maximum of 15 years.

North Dakota 40

North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

MARCH 21, 2014

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

Income Finance Zoning Equipment 75