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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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Legal Documents Required for Purchase of Property

CivilJungle

Recorder’s Office Documents. You can request proof of funds from the bank, credit union or other institution that holds your money. Your pay stubs and tax documents show your income. A property deed, deed of trust, mortga ge note and satisfaction of mortgage letter can all prove land ownership. Property Deeds.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Businesses that request CAPCO investment funding must meet certain criteria and requirements set by the Alabama Development Office. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The program is divided into two sections, Section 5 is a tax credit and Section 11 is an exemption.

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Centers of Technology: The Future Is Now

Business Facilities

Companies such as GE Digital, Finlays, Richard Branson’s Virgin Pulse and Johnson & Johnson already are establishing innovation labs and offices in Rhode Island, creating hundreds of new jobs. GE’s Digital Division recently opened an office in Providence to tap into the tech talent. “We Photo: Mike Baker).

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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

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. Since taking office in 2011, Governor Scott has moved aggressively to cut business taxes and costs, pay down debt and streamline the regulatory environment.

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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

The Jarretts also said they were able to grow their team (and office space) in Lincoln a lot faster and with a lot less capital than it would have taken in Northern California. The debt-free, state-of-the-art AnC Bio facility will take about 18 months to build. The income tax credit earned may be sold upon approval by AEDC. .

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