Buisness Facilities Contributed Content

MARCH 9, 2016

Aircraft Valuation: Aircraft owned or leased by commercial airlines, charter carriers, private carriers and private companies are valued for property tax purposes at the lower of fair market salvage value or 5% of the original cost of the property. The $32,000 figure is adjusted annually for cost of living.

West Virginia 40

West Virginia Virginia Income Finance 40

Buisness Facilities Contributed Content

MARCH 9, 2016

Corporate Income or Excise Tax: Tennessee levies an excise tax of 6.5% Apportionment – In allocating the net worth or income of a multistate corporation, the state uses a three-factor formula, comparing the sales, payroll, and property in the state to the overall corporation. The percentage of liability offset is 50%.

Tennessee 40

Tennessee Inventory Liability Infrastructure 40

Buisness Facilities Contributed Content

APRIL 15, 2014

The principal and interest on the bonds are paid solely from the funds derived from leasing or selling the facilities to the user company. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. Terms for both are normally 10-20 years and can finance up to 100% of the project costs.

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 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. The total buy down amount per borrower may not exceed $20,000 per project or biennium.

North Dakota 40

North Dakota Income Finance Equipment 40

Buisness Facilities Contributed Content

MARCH 8, 2016

Advanced Energy Deduction & Advance Energy Tax Credit: Receipts from selling or leasing tangible personal property or services that are eligible generation plant costs to a person that holds an interest in a qualified generating facility are deductible from gross receipts and compensating tax.

New Mexico 40

New Mexico Compensation Income Railroad 40

Buisness Facilities Contributed Content

JULY 11, 2014

Qualified employers: Must have made more than 50% of its sales to persons outside New Mexico during the most recent 12 months of the employer’s modified combined tax liability reporting periods ending prior to claiming this credit. The credit shall not exceed $12,000 per year, per job. Are eligible for the Job Training Incentive Program.

New Mexico 40

New Mexico Compensation Income Finance 40