article thumbnail

Construction Law: May 2024

Construction Law

Worst client in the UK” issues revised terms and conditions New, in-house terms and conditions of contract are to be used by Transport Scotland for the Tay Crossing to Ballinluig project, part of the much delayed £3.7 Arbitration Restructuring versus arbitral awards – will the debt survive? billion A9 Dualling programme.

article thumbnail

Tax Reform Impact on Employers and Employees

Revit OpEd

The Tax Bill repeals the present-law exception to the deduction disallowance for entertainment, amusement, or recreation that is directly related to (or, in certain cases, associated with) the active conduct of the taxpayer’s trade or business (and the related rule applying a 50% limit to such deductions) and retains the current law rules that deny (..)

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

West Virginia Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

Working capital loans and the refinancing of existing debt are not eligible. Loan proceeds may be used for any business purpose except the refinancing of existing debt. Loan term is generally 15 years for real estate intensive projects and five to 10 years for equipment projects.

article thumbnail

Oklahoma Incentives and Workforce Development Guide

Buisness Facilities Contributed Content

The tenant of a certified incubator, or its owner, is exempt from state tax liability on income earned as a result of activities conducted as an occupant in an incubator for up to 10 years from the occupancy date in an incubator site in accordance with rules of the Oklahoma Tax Commission. . The permit must be renewed every three years.

article thumbnail

COVER STORY: Shovel Ready Sites Are Growing From The Ground Up

Buisness Facilities Contributed Content

“This is especially true with the sites that are owned by local government units as they have generally completed the environmental review which then ends environmental liability for future users and property owners. We also have one of the best balance sheets in the country with a very low debt burden.

Site 49
article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

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.

Income 108
article thumbnail

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.

Income 75