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State by State Incentives Guide

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Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships. The tax for existing entities accrues as of Jan.

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STATE INCENTIVES GUIDE

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INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. 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.

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Rhode Island Incentives and Workforce Development Guide

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Income Apportionment – Depository Institutions: Income of banks having a regular place of business outside Rhode Island are entitled to a portion net income using a three-factor formula similar to that used for the corporate income tax. These credits may be taken against the gross premiums tax. Tax Incentives.

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Feature Story: 2016 Economic Development Awards

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percent, the lowest since 2007, according to the Bureau of Labor Statistics. of Business and Economic Development for the Biotechnology Investment Tax Credit Program, which provides income tax credits for investors in qualified Maryland biotechnology companies. The income tax credit earned may be sold upon approval by AEDC. .

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FEATURE STORY: 2013 Economic Development Awards

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BCDC) was formed in 2007 to be the primary economic development catalyst for New Jersey’s largest city, Newark. Taxpayers may apply 10 percent of the total credit amount per year over a ten-year period against their corporate business tax, insurance premiums tax or gross income tax liability. Brick City Development Corp.

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