New Jersey has issued a revised sales and use tax notice informing taxpayers that as a result of legislation that became effective April 1, 2011, all Urban Enterprise Zone (UEZ) businesses are eligible to receive a sales tax exemption at…
Illinois Makes Changes to Enterprise Zone Regulation
Changes have been made to an Illinois regulation on enterprise zone and high impact business programs relating to income tax, sales and use tax, electricity excise tax, and gas revenue tax.
Kansas Amends Exemption for KEZA Businesses
Kansas enacted legislation that amends the sales and use tax exemption for tangible personal property and services purchased for the purpose of the construction, reconstruction, enlargement, or remodeling of a business or retail business meeting the requirements of the Kansas Enterprise Zone Act.
District of Columbia Fiscal Year 2011 Budget Support Act of 2010 Enacted.
The District of Columbia has enacted the Fiscal Year 2011 Budget Support Act of 2010.
Washington’s Tax Incentives for the Aluminum Industry Extended
The State of Washington has extended the sunset date of business and occupation (B&O) and sales and use tax incentives for the aluminum industry to January 1, 2017. The incentives were originally set to expire on January 1, 2012. The…
Energy Efficient Appliance Rebates Subject to Illinois Tax
Gross receipts subject to Illinois Retailer\’s Occupation (sales) Tax are defined as all the consideration actually received by the seller, except traded-in tangible personal property.
Missouri Discusses the Taxability of Equipment and Food Used in Pharmaceutical Research
The Missouri Department of Revenue recently determined that a taxpayer’s purchase of laboratory and medical monitoring equipment were exempt from sales and use tax. The taxpayer conducts contract research for pharmaceutical companies through a variety of studies that require special…
Illinois Manufacturer’s Purchase Credit Regulation Set To Expire This Summer
Beginning July 30, 2009, the Manufacturer\’s Purchase Credit (MPC) will no longer be available.
Chicago’s Cook County Retail Economic Development Incentives
The Cook County Board approved an ordinance establishing the Cook County Retail Economic Development Incentives Program.
Illinois Offers Credit for Eligible Purchases of Production-Related Tangible Personal Property
The purchase of eligible production-related tangible personal property is eligible for a manufacturing and assembling machinery and equipment exemption in Illinois.
Pennsylvania Incentives Enacted for Strategic Development Areas
On November 20, 2006, Pennsylvania Governor, Edward Rendell, signed S.B. 854 which enacts numerous exemptions, abatements, and credits. Among the list of tax incentives, a sales and use tax exemption is granted for retails sales of services or tangible personal…
Nebraska Advantage Act Offers Credits, Exemptions to Qualified Businesses.
Nebraska has implemented an incentive program through the Nebraska Advantage Act to encourage state investments. Depending on the cost of the proposed investment and the amount of new employees required for the project, an applicant for the incentive program will…
Washington Adds International Companies in Definition of “”Person”” Eligible for Various Tax Incentives.
A new section is added to Ch. 43.330 RCW (Department of Community, Trade, and Economic Development) indicating that international companies investing in Washington meet the statutory definition of “person” for purposes of the excise tax incentives provided in Title 82…
Florida Passes Legislation to Extend Tax Refund Program
Florida Governor Jeb Bush signed into law a bill that provides for a five year extension of the Economic Development Trust Fund tax refund program for defense contractors and target industry businesses.
Idaho Passes Corporate Incentives
There will be a variety of incentives available to businesses that invest in a corporate headquarters location in Idaho.
West Virginia Amends High-Tech Research Zone Credit
The West Virginia High-Tech Research Zone tax incentives have been amended and re-enacted. Applicable to taxable years starting on or after January 1, 2005, any qualified educational institution or business in a designated high-tech research zone will be eligible for…
Mississippi Passes Bill Enacting Sales and Use Tax Exemptions for Projects under Mississippi Major Economic Impact Act.
The State of Mississippi has passed H.B. 1668, which enacts a sales and use tax exemption for the sale and/or lease of materials, machinery, and equipment to an enterprise operating or owning listed projects under the Mississippi Major Economic Impact Act.
North Carolina Enacts Computer Manufacturing Incentives
In a special session, the North Carolina General Assembly passed legislation for a computer manufacturer credit that also enhances existing tax credits. The sales and use tax refund under this legislation was previously only available to pharmaceutical and medicine manufacturers.…
Michigan Aerospace Incentives Package
In attempt to lure aerospace manufacturer Boeing Co. to locate their new 7E7 aircraft manufacturing facility in Michigan, Governor Jennifer Granholm announced that the Michigan Economic Development Corporation has provided details concerning an incentives package to the company.