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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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Oregon Incentives and Workforce Development Guide

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Oregon Capital Access (CAP) Program: The CAP helps lenders (banks and credit unions) make more commercial loans to small businesses and provides capital for start-up or expansion. Collateral to secure the loan or personal guarantees of major owners. treasury Bills plus 1% APR (4% minimum APR); and a 1.5% loan origination fee.

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Texas Incentives and Workforce Development Guide

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Funds must be used for real estate development (acquisitions, construction and/or rehabilitation) to assist a business, which commits to create and/or retain permanent jobs, primarily for low- and moderate-income persons. A company can secure loans with property, plant and equipment which can be amortized over the life of the asset.

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State by State Incentives Guide

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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. The tax for existing entities accrues as of Jan.

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STATE INCENTIVES GUIDE

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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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Feature Story: 2016 Economic Development Awards

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focused on mobile, security and business operations software). This marks a transformative moment for Rochester that will fuel economic growth, create jobs and further secure this region’s place as the photonics capital of the nation,” said Gov. NJEDA previously invested in four Edison Partners funds. Andrew Cuomo.

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New York Incentives and Workforce Development Guide

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The organizations provide lending and technical assistance services to small businesses and MWBEs to help these businesses grow, such as: Assistance with completion of loan applications, Business Plan development, Mentorship and peer group programs and Credit Union services (where available). Typical financing structure: 50% Bank Loan.