Retailer Identifies More than $1 Million in Hurricane Relief Tax Credits

Employers with locations that were impacted by Hurricanes Harvey, Irma, and Maria may be eligible for a relief tax credit as part of the Disaster Tax Relief and Airport and Airway Extension Act of 2017. If your organization has locations inside the disaster zones that were inoperable, but you continued to pay your employees, you [Read More…]

NEW Hurricane Relief Law with Tax Credit for Employers

On September 29, 2017, President Trump signed into law the Disaster Tax Relief and Airport and Airway Extension Act of 2017 to deliver targeted tax relief to victims of Hurricanes Harvey, Irma, and Maria. The law includes an employee retention tax credit for employers. Qualifying businesses with locations within the disaster zones can seek a [Read More…]

Bulletin: TCI – Geographic Information Systems (GIS) and Tax Credits

Geographic Information Systems (GIS) & Tax Credits Situation If your company is searching for tax credits, a very important piece of the puzzle is accurate GIS (or location) data.  Using the science of mapping, GIS enhances a company’s tax credits by identifying a company’s tax-favored zone location.  GIS technology can help make location determinations to [Read More…]

Bulletin: TCI – Tennessee Job and Community Resurgence Tax Credits

Situation As a move to fight poverty throughout the state, the Tennessee legislators have expanded the traditional Tennessee Job Tax Credit program by creating the Community Resurgence Job Tax Credit.  This expanded program which was approved in 2015, is available to all Tennessee businesses. Solution The State of Tennessee offers two Job Tax Credits to [Read More…]

TCI Tax Intelligence – Georgia Jobs Tax Credit

Georgia Jobs Tax Credit Situation The state of Georgia offers one of the most lucrative tax credits in the country. The Georgia Jobs Tax Credit allows a qualified business up to $4,000 per year for 5 years for each new job created. Since the program’s inception in 1990, Georgia has continued to promote and expand [Read More…]

Bulletin: Tax Credits and Incentives – 2015 Legislative Highlights

Situation 2015 was a busy year for state and federal legislators who made major decisions on the future of key tax credit and incentive programs.  In December 2015, businesses were overjoyed when the federal government succeeded in extending long popular tax credit hiring programs. However, on a more somber note, most state legislators (apart from [Read More…]

Florida addresses pending closure of Enterprise Zone Program

The Florida Department of Revenue has recently issued Tax Information Publication (TIP) #15ADM-04, which addresses the pending closure of the Enterprise Zone Program.  With the exception of exemptions granted to companies contracted with the state for specific incentives, the program will be sunsetting on December 31, 2015.  In the TIP, the Department of Revenue addresses [Read More…]

Bulletin: Tax Intelligence – Florida Enterprise Zone

Situation Florida’s Enterprise Zone (EZ) Program offers valuable job creation tax incentives to qualifying businesses.  These tax incentives are available to all businesses, including retail, as long as they are located in a Florida Enterprise Zone.   Qualified companies can take these credits against either income tax or sales tax. Solution Once a company determines they [Read More…]

Arizona Job Training Program Change

Effective for applications submitted on or after June 20, 2014, businesses seeking grants through the Arizona Job Training Program will be subject to recent changes. The Arizona Job Training Program provides grants up to $8,000 per employee for training new employees, and up to $4,000 per employee for training incumbent employees. Grants for new employee [Read More…]

Colorado Enterprise Zone Program Changes for 2014

Colorado has made several changes to its Enterprise Zone Program effective for tax years beginning in 2014. House Bill 13-1265 has removed the requirement that businesses must meet the programs prior definition of a “New Business Facility”, and will now only have to meet the individual credit requirements and be located within an Enterprise Zone. [Read More…]