article thumbnail

Tax Reform Impact on Employers and Employees

Revit OpEd

Modification of limitation on excessive employee remuneration: Under current law, an employer generally may deduct reasonable compensation for personal services as an ordinary and necessary business expense. Code Section 162(m) limits the deductibility of compensation expenses in the case of publicly traded corporate employers.

article thumbnail

Workforce Training: Engineering A Skilled Workforce

Buisness Facilities Contributed Content

By Jenny Vickers From the May/June 2016 Issue. In March 2016, McAuliffe signed into law measures that establish a workforce training program targeted to increase specific industry certifications and occupational licenses that meet the needs of businesses in each region of the state. The factory is one of only three in the U.S.

professionals

Sign Up for our Newsletter

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

article thumbnail

Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Certification that all projects described within the related project plan will generate, in the aggregate, a minimum of either $1,000,000 in payroll, exclusive of payroll for construction, or 5,000,000 in investment; . The certificates of deposit bear interest rates of up to 3% below the standard rate.

article thumbnail

Shovel-Ready Sites: Ready To Hit The Ground Running

Business Facilities

are implementing site certification programs that give available sites a shovel ready designation—meaning that the site is primed and ready for economic development. To achieve certification, sites go through a rigorous review process. States across the U.S. The outcome?

Site 87
article thumbnail

New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

For FY16 (July 1, 2015 through June 30, 2016) EDD has received an appropriation of $50 million in LEDA CO. A certificate of eligibility must be obtained from the Energy, Minerals, and Natural Resources Department to apply for this credit. The credit may be carried forward for four years from the date of the certificate of eligibility.

article thumbnail

New Mexico Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The credit can be applied to the state portion of the gross receipts tax, compensating tax and withholding tax. The credit amount is applied against the taxpayer’s state gross receipts, compensating and withholding liabilities until the credit is exhausted. Any excess credit will be refunded to the taxpayer. Eligible Uses.

article thumbnail

Cover Story: 2014 Business Facilities Rankings Report

Business Facilities

Production of the new SUV will begin in the fourth quarter of 2016, with the first vehicle expected to roll off the new assembly line by the end of 2016. Construction of the planned expansion at Subaru’s Lafayette plant is expected to be completed by the end of 2016. “We customers,” Prof. billion over the next 10 years.

Louisiana 111