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Construction Sectors Explained

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There are five major construction sectors which include Industrial, Commercial, Institutional and Residential and Civil. Commercial Construction Sector. The commercial construction industry is all about the areas of office, retail and entertainment. This sector is often the beating heart of large cities.

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New Mexico Incentives and Workforce Development Guide

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In addition, a taxpayer who holds an interest in a qualified generating facility in New Mexico that files a corporate income tax return may claim a credit for 6% of the eligible generation plant costs of a qualified facility. The corporate income tax credit is 30% of eligible costs up to $30,000 in any taxable year.

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State by State Incentives Guide

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Alabama Economic Development Loan Program: The state has more than 2,300 commercial lending sources with assets of over $61.3 The Alabama Economic Development Loan Program is used to work with commercial lenders for projects in non-entitlement communities. The tax for existing entities accrues as of Jan. The rates range from $.25

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New Mexico Incentives and Workforce Development Guide

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Rural Jobs Tax Credit: This credit can be applied to taxes due on (state) gross receipts, corporate income or personal income tax. Non-retail service companies that export a substantial% age of services out of state (50% or more revenues and/or customer base). The credit may be carried forward for up to 3 years. Apportionment.

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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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Tennessee Incentives and Workforce Development Guide

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Corporate Income or Excise Tax: Tennessee levies an excise tax of 6.5% Apportionment – In allocating the net worth or income of a multistate corporation, the state uses a three-factor formula, comparing the sales, payroll, and property in the state to the overall corporation. Property is assessed by county assessors.

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STATE FOCUS: Lassoing Jobs In Texas

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Texas’ commitment to growth through innovation is manifested in the Texas Emerging Technology Fund (TETF), a grant program designed to expedite the development and commercialization of new technologies through partnerships between the state, higher education institutions, and private industry. LUBBOCK IS THE HUB CITY.

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