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California is Rolling in Dough

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by the housing market collapse. 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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A new $192-million data center will replace the existing National Computer Center located at the SSA Headquarters Campus in Woodlawn, MD, which houses computer operations essential to prompt and accurate payment of benefits to Americans. Bankruptcy Court in Delaware and said it expects the sale to be completed in two to three months.

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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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