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Tax Incentives

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Byline: Trip Jennings A bill that supporters say would force some out-of-state corporations to pay more in state taxes cleared an important Senate committee for the first time in eight years Wednesday night....
Business Journal
Approved only nine months ago, the new film tax-incentive law (Law 27) has quickly turned a bright spotlight on the island's film industry, reports Caribbean Business (Dec. 22, 2011): As a result, the...
Business Journal
By Pavlus, John | Publication: Fast Company | Filed In: Animation and Movie & Video Production
HEADNOTE With Moonbot Studios, a children's animation star remakes the cinematic experience. And that's just his first trick. William Joyce once helped design Woody and Buzz Lightyear. But now he's taking on giants...
Business Journal
Byline: Robert Nott Wyoming Sheriff Walt Longmire is coming to New Mexico -- for at least 10 episodes, anyway. The New Mexico Film Office announced Monday that the A&E cable television network's new...
Business Journal
Publication: Long Island Business News | Filed In: Tax Incentives and Tax Law
Like it or not, we appear to have a friend in the White House. In his State of the Union address this week, President Obama delivered promises that appear tailor-made for Long Island...
Business Journal
By Mendoza, Monica | Publication: The Colorado Springs Business Journal | Filed In: Sales Tax and Tax Law
Next month, local manufacturers plan to ask the city to eliminate its 2.5 percent use-tax on equipment. But it will be a hefty request because the tax pumps about $7 million dollars a...
Business Journal
By Simmons, Christopher Laird | Publication: Send2Press Newswire | Filed In: US State Government and Regional & Local Governments
KIRKLAND, Wash., Jan. 26, 2012 (SEND2PRESS NEWSWIRE) -- Long-term care insurance is subsidized, in effect, by Uncle Sam. "For many people, a large part of their premium cost is deductible on their federal...
Business Journal
By Myers, Ben | Publication: New Orleans CityBusiness | Filed In: City Government and Regional & Local Governments
BioDistrict New Orleans CEO James McNamara says he hasn't been paid since March, a revelation he shared to illustrate that his organization is broke. That's because the district has no regular income, although...
Business Journal
New Orleans is home to two medical schools, which have produced thousands of doctors and nurses spanning several generations. It's also where you'll find a school of dentistry, a college pharmacy program and...
Business Journal
By LaRose, Greg | Publication: New Orleans CityBusiness | Filed In: Mergers & Acquisitions and Ownership Changes
Developer Wade Verges refers to Bullard Avenue as the new Main Street of eastern New Orleans. As one of the owners of the Lakeland Medical Center property where Wal-Mart Stores Inc. announced it...
Business Journal
The makers of Wallace and Gromit, Peppa Pig and In the Night Garden have written to chancellor George Osborne urging him to create a "level playing field" for UK animators to compete on...
Business Journal
By Anonymous | Publication: NJBIZ | Filed In: Deregulation and Government Support of Business
Lesniak's major economic bills from the past two years included: * SI: Abolish the Council on Affordable Housing and provide towns with several methods of proving they met affordable housing requirements. After amendments,...
Business Journal
By Anonymous | Publication: NJBIZ | Filed In: Office Property and Commercial Property
HEADNOTE NJBIZ OPINION POLL By and large, readers are labeling the $250 million Urban Transit Hub tax incentive - designed to assist the insurer with building a new office tower in Newark -...
Business Journal
By Burd, Joshua | Publication: NJBIZ | Filed In: Extra Curricular Activities and Education & Training
HEADNOTE Hollister is charged with some of the city's most visible projects CHRIS JOHNSON KNEW he faced a challenge in 2006 when he was hired to build a bank in downtown Newark. For...
Business Journal
Section 45D.-New Markets Tax Credit 26 CFR 1.45D-I: New markets tax credit. DEPARTMENT OF TREASURY Internal Revenue Service 26 CFR Part 1 Targeted Populations Under Section 45D(e)(2) AGENCY: Internal Revenue Service (IRS), Treasury....
Business Journal
By Gillentine, Amy | Publication: The Colorado Springs Business Journal | Filed In: City Government and Regional & Local Governments
The Ivywild revitalization project will receive final approval at Tuesday's formal Colorado Springs City Council meeting. The project, which involves buying and renovating the Ivywild Elementary School at !604 Cascade Ave., will be...
Business Journal
By CityBusinesss Staff | Publication: New Orleans CityBusiness | Filed In: Tax Incentives and Tax Law
The expansion of the state's digital interactive media tax incentive two years ago has led to a glut of applications from businesses that are interested in launching or expanding their enterprises in Louisiana....
Business Journal
By Larino, Jennifer | Publication: New Orleans CityBusiness | Filed In: Tax Incentives and Tax Law
Since it was created in 2005, the Louisiana digital interactive media tax incentive has been touted as the best in the business for those companies developing video games, software and -- after the...
Business Journal
Publication: Business Wire | Filed In: Earnings Per Share and Company Earnings
CEDAR RAPIDS, Iowa -- Rockwell Collins, Inc. (NYSE: COL) today reported first quarter fiscal year 2012 income from continuing operations of $130 million compared to $150 million in the same period last year....
Press Release
Following is a statement by the Natural Resources Defense Council, CWA, SEIU, UAW, Transport Workers Union, Sierra Club and United Steelworkers Union WASHINGTON -- The Keystone XL Pipeline is a complex project which...
Press Release

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Business Glossary

Definitions for: energy tax incentives act of 2005
energy tax incentives act of 2005

legislation designed to improve energy production, transportation, and efficiency, signed into law on August 10, 2005. Some of the bill's most important provisions include

  1. Deduction for energy-efficient buildings. A new deduction was instituted for expenses incurred to improve the energy efficiency of existing or new buildings. This applies to improvements in lighting, heating, cooling, ventilation, and hot water systems.
  2. Tax credit for building energy-efficient homes. Taxpayers may claim a lifetime nonrefundable credit of up to $500 for making qualifying energy-saving improvements to an existing home. This includes solar water heaters, solar panels to produce electricity, fuel cell property, and energy-efficient air conditioners, heat pumps, and other equipment.
  3. Tax credits for alternative power vehicles. Credits were introduced for fuel cell, lean burn technology, hybrid, and other alternative fuel motor vehicles.
  4. Energy-related cost recovery provisions. These include the ability of oil and gas producers to use percentage depletion under the independent producer exception, expensing for investments that increase capacity of oil refineries, two-year amortization of geological costs from domestic oil and gas exploration and seven-year write-off rules for new natural gas gathering lines.
  5. Business tax credits. Several new business tax credits were created for manufacturing energy-efficient appliances, for fuel cell power plants, for microturbine power plants, for small agribiodiesel producers, and for ethanol producers. Other new credits created were for hydropower, geothermal and solar power, advanced coal and gasification projects.

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