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Tax Reform Impact on Employers and Employees

Revit OpEd

Repeal of employee deduction and income exclusion for moving expenses: Under current law (Code Section 132(a)(6) and (g)), an employee can exclude qualified moving expense reimbursements from gross income. The Tax Bill suspends the exclusion for qualified moving expense reimbursements for taxable years 2018 through 2025.

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State by State Incentives Guide

Buisness Facilities Contributed Content

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.

Income 108
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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.

Income 75
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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

Savannah is deepening its harbor to 47 feet from 42 feet, and aims to complete the project in 2018. Adjacent to the I-55/I-80 interchange and anchored by the BNSF Logistics Park Chicago and Union Pacific Joliet Intermodal Terminal, CIC is the ideal location for regional or multi-state distribution. ACHIEVEMENT IN TARGETED INCENTIVES.

Indiana 40
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COVER STORY: Editors’ Location Picks

Buisness Facilities Contributed Content

Available to businesses of all sizes and a wide variety of industries, these incentives benefit business in many ways, including reduction or elimination of property, payroll, income and/or sales tax liability; customized job training; and special financing, grants and loans. Union Pacific, ConAgra Foods, Peter Kiewit Sons, Inc.

Omaha 76