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Tax Reform Impact on Employers and Employees

Revit OpEd

Michael Lobie is an associate in the Tax Group of Seyfarth Shaw’s New York office. The Tax Bill suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law. Drizner is a partner at Seyfarth Shaw LLP and concentrates his practice on federal and state taxation and corporate law.

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Feature Story: 2016 Economic Development Awards

Buisness Facilities Contributed Content

Our award winners are the State of New York , for its Reforming the Energy Vision Initiative; Duke Energy , for the Duke Energy Smart Grid Lab; and Oncor/Lancaster TX , for Oncor’s Microgrid Project and Tech Center. billion and create more than 1,400 new high-tech jobs in Rochester. for the first time.

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State by State Incentives Guide

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If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

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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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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.