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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. Certain of these expenses are not deductible unless, in aggregate, they exceed 2% of the employee’s adjusted gross income.

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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Certification that all projects described within the related project plan will generate, in the aggregate, a minimum of either $1,000,000 in payroll, exclusive of payroll for construction, or 5,000,000 in investment; . The certificates of deposit bear interest rates of up to 3% below the standard rate.

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State by State Incentives Guide

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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

Buisness Facilities Contributed Content

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

The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. ACHIEVEMENT IN SITE CERTIFICATION. We have two winners for this year’s award for Achievement in Site Certification: Indiana Economic Development Corp. The stem-cell market currently is valued at about $1.4

Indiana 40
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LOCATION FOCUS: California Dreamin’ – A Rebound Fueled By New Energy

Buisness Facilities Contributed Content

Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. After swallowing that gloomy news, Californians trudged to the polls in November and approved a referendum increasing their state income taxes by a whopping $6 billion a year.