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JULY 3, 2013

In the midst of the Recession, nearly two-thirds of the 50 states were teetering on the edge of bankruptcy. In Indiana, Gov. 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. In Indiana, Gov.

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California North Dakota Connecticut Wisconsin 51

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APRIL 15, 2014

Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The enterprise zone credit is equal to $2500 per permanent new employee and can be applied against the income tax and/or business privilege tax liability. The tax for existing entities accrues as of Jan. The rates range from $.25

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Income Finance Zoning Employment 108

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MARCH 21, 2014

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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Income Finance Zoning Equipment 75