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Tax Reform Impact on Employers and Employees

Revit OpEd

Modification of limitation on excessive employee remuneration: Under current law, an employer generally may deduct reasonable compensation for personal services as an ordinary and necessary business expense. Code Section 162(m) limits the deductibility of compensation expenses in the case of publicly traded corporate employers.

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Pennsylvania Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The following applicants are eligible for grants/loans: A Small Business – a for-profit corporation, limited liability company, partnership, proprietorship or other legal business entity located within the Commonwealth of Pennsylvania and having 100 or fewer full-time employees worldwide at the time of submission of the application. .

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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

For more information, contact the Oklahoma Tax Commission or www.preservationok.org. For more information contact the Oklahoma Tax Commission at (405) 521-3133 or helpmaster@tax.ok.gov. Aerospace Industry Engineer Work Force Tax Credits 
(68 O.S. 2357.301): This tax credit will sunset on December 31, 2016.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Appalachian Regional Commission and Delta Regional Authority Grants: Federal-state partnerships that work with the people of 37 Appalachian counties in Alabama and the Mississippi Delta region’s twenty Alabama counties to create opportunities for self-sustaining economic development and improved quality of life.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

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. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

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Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

21st Century Quality Jobs 10 Year Cash Incentive: The first of its kind, this new incentive was created in 2009 to attract knowledge-based companies to Oklahoma through a policy of rewarding businesses with a highly skilled and compensated workforce. The Economic Development Pool shall be used for economic development projects in the state.

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North Dakota Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

State Water Commission funds, not exceeding $20,000 per borrower, may be used to supplement Ag PACE funds for the purchase of irrigation equipment on new irrigated acreage. North Dakota Development Fund: Provides flexible gap financing through debt and equity investments for new or expanding primary sector businesses.