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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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State by State Incentives Guide

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Alabama Economic Development Loan Program: The state has more than 2,300 commercial lending sources with assets of over $61.3 The Alabama Economic Development Loan Program is used to work with commercial lenders for projects in non-entitlement communities. The tax for existing entities accrues as of Jan. The rates range from $.25

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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.

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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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Global Growth Surge in Southwest Louisiana

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There are 2-Class I railroads, Burlington Northern Santa Fe (BNSF) and the Union Pacific (UP) that serve the parish and a short line that accesses the major industrial areas. There is a four-lane interstate quality highway US 90 (future I-49) that parallels the railroads. The port is located about 12 miles south of the 4-lane.

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Cover Story: New Energy Powers Growth

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The Ben Franklin Technology Center of Central and Northern Pennsylvania was awarded a $750,000 Discovered in PA—Developed in PA (D2PA) grant to support the Shale Gas Innovation and Commercialization project. The initiative will focus on the commercialization of emerging technologies that increase the value of natural gas utilization.

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Industry Focus: Food Processing – The Process Of Consistency

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Indiana is a “Right to Work” state and, in recent years, has enacted constitutional property tax caps and reduced the state’s corporate income tax. 1,677 miles of class 1 railroads. Arkansas also has 22 smaller railroads operating over its more than 2,700 miles of track. percent between 2008 and 2018.