Buisness Facilities Contributed Content

MARCH 9, 2016

Business Inventory: Finished goods inventory in excess $30 million may be excluded from the franchise tax base when held by manufacturers or warehouses and distribution facilities. Corporate Income or Excise Tax: Tennessee levies an excise tax of 6.5% Corporate Income or Excise Tax: Tennessee levies an excise tax of 6.5%

Tennessee 40

Tennessee Inventory Liability Infrastructure 40

Buisness Facilities Contributed Content

MARCH 9, 2016

Commercial Patent Incentives Credit: The Commercial Patent Incentives Tax Credit can offset up to 100% of the corporation net income tax, or in the case of individual taxpayers, the personal income tax. The exemption does not apply to inventories of raw materials or goods in process.

West Virginia 40

West Virginia Virginia Income Finance 40

Buisness Facilities Contributed Content

APRIL 15, 2014

Inventory is exempt from property tax. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The credit is available to all types of business entities, including: S corporations, C corporations, limited liability companies (LLCs), partnerships, trust and sole proprietorships.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

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.

Income 75

Income Finance Zoning Equipment 75

Buisness Facilities Contributed Content

MARCH 21, 2014

The state recognizes that small businesses are critical to the economy and recently eliminated income taxes for many small organizations. Kansas also has no personal property tax, no inventory tax and no franchise tax. Aggressive local incentives, based on the quality of jobs, and state incentives, including income tax credits.

Kansas 45

Kansas Railroad Education Income 45

Buisness Facilities Contributed Content

MARCH 8, 2016

Agriculture Partnership in Assisting Community Expansion (Ag PACE): This program has been established to buy down the interest rate on loans to farmers who are investing in other nontraditional agriculture activities to supplement farm income. Loans can be used for working capital, inventory and small equipment.

North Dakota 40

North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

MARCH 9, 2016

Corporate Income Tax Credits: Virginia offers a variety of tax credits that are available for use against a company’s corporate tax liability: Major Business Facility Job Tax Credit. Virginia Small Business Financing Authority (VSBFA): Offers programs to provide businesses with access to capital needed for growth and expansion.

Virginia 40

Virginia Zoning Defense Railroad 40