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California is Rolling in Dough

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In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. Mike Pence proposed using any surplus to pay for a 10 percent cut in state income taxes; the Legislature is opting for a 5 percent tax cut and setting aside the rest for other purposes.

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BUSINESS REPORT: Maryland — SSA’s New Data Hub Moves Forward In Urbana

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The property is part of the Urbana Corporate Center, a large campus that also is home to a 60,000-square-foot data center servicing Fannie Mae, a provider of housing loans to low-income Americans. The company filed for a Chapter 11 reorganization of its debts in U.S.

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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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