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BUSINESS REPORT: Virginia’s High-Tech Economy Keeps Growing

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From the July/August 2012 issue. It is a right-to-work state, has a fixed 6 percent corporate income tax rate and has one of the lowest average workers’ compensation costs and unemployment burdens in the U.S., Every one would be a highly secured, stand-alone structure that could house either commercial or government customers.

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Ports And FTZs: Enter With Less Risk

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An airport of entry (AOE), usually designated with the word “international”, provides customs and immigration services for incoming flights. Ports also play a role in national security by supporting the mobilization, deployment and resupply of U.S. military forces. stay competitive with foreign manufacturers and suppliers.

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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 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. The tax for existing entities accrues as of Jan. The rates range from $.25

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Location Focus: Illinois – Trying to Make Headway in Every Way

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percent for a secure, 30-year fixed-rate mortgage. Arlington Heights is a growing, thriving community just northwest of Chicago, home to 76,000 residents with an average household income of $95,000. percent in 2012. Quinn launched the Welcome Home Illinois program in April. Quinn said. ARLINGTON HEIGHTS: PRIMED TO GROW, THRIVE.

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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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New Mexico Incentives and Workforce Development Guide

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In addition, a taxpayer who holds an interest in a qualified generating facility in New Mexico that files a corporate income tax return may claim a credit for 6% of the eligible generation plant costs of a qualified facility. The corporate income tax credit is 30% of eligible costs up to $30,000 in any taxable year.

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New Mexico Incentives and Workforce Development Guide

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Rural Jobs Tax Credit: This credit can be applied to taxes due on (state) gross receipts, corporate income or personal income tax. For the purposes of apportioning income, “manufacturing” excludes construction, farming, power generation, and processing natural resources including hydrocarbons. Five-Year Policy Changes: Year.