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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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Centers of Technology: The Future Is Now

Business Facilities

The mHUB community consists of entrepreneurs, manufacturers, investors, mentors, engineers and designers, as well as education and industry partners.”. We have low costs of doing business, our corporate income tax rate is the lowest in New England, the quality of life is high and cost of living is relatively low.”. Photo: Mike Baker).

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State by State Incentives Guide

Buisness Facilities Contributed Content

Property Tax Abatements: The Tax Incentive Reform Act of 1992 (TIRA) allows qualified industries to receive abatements of non-educational property taxes for new businesses locating to Alabama and for expansions of existing facilities in Alabama. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995.

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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.

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STATE FOCUS: Florida – Let The Sun Shine

Buisness Facilities Contributed Content

percent); Education & Health Services (2.4 Navy Federal Credit Union. Florida’s thriving financial and professional services industry is getting a boost from Navy Federal Credit Union, Verizon, Deutsche Bank and DTCC. Less Taxing” since there is no state income tax. percent); Professional and Business Services (5.6

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HBI President Ed Brady’s Call to Action to Solve the Construction Industry’s Labor Shortage

Pro Builder

At the International Builders’ Show (IBS) in Orlando last month, Ed Brady, president of the Home Builders Institute (HBI)—the educational arm of the national Association of Home Builders ( NAHB )—led the call to action for solving the housing industry’s chronic skilled labor shortage. . His dad is a union electrician.

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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

Custom training at a NM public educational institution may also be covered. The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. The income tax credit/credits issued under this program are equal to 33-1/3 percent of the amount invested by an investor in an eligible business.

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