New Waterfront Development Tax Credit in PA
Pennsylvania organizations hoping to increase development of public amenities and parks along Pennsylvania's waterfronts may soon benefit from the new "Waterfront Development Tax Credit" enacted as part of Act 84, and signed into law by Governor Wolf on July 13, 2016.
Energy Storage Would Get U.S. Tax Credits in Bipartisan Bill
Energy storage would gain access to the same tax incentives that helped make renewable energy the biggest new source of electricity in the U.S. last year under a bill introduced in the Senate.
Atlanta Grocery Highlights Challenges in Equitable Development
In southeast Atlanta, on June 29, a ribbon cutting marked the grand opening of a Kroger Marketplace in a renovated building. Kroger financed part of its $36 million cost through new markets tax credits.
Making the New Markets Tax Credit Work in ME
IndustryWeek details the story of how the Woodland Pulp company used New Markets Tax Credits to finance a plant expansion and workforce training in an economically distressed area of Maine.
Awards to Assist 26 OH Historic Rehabilitation Projects
The Ohio Development Services Agency awarded $27.8 million in Ohio Historic Preservation Tax Credits to 26 applicants to rehabilitate 39 historic buildings.
IL: Should It Issue Bonds or Sell Tax Credits?
What's the appeal of the tax-credit alternative? It guarantees that a holder will receive full value as long as he has a matching tax liability. That's true even if the issuing State is in a financial crisis and can't pay its bondholders.
$73M in New Markets Tax Credits Allocated to SC Projects
Greenville New Markets Opportunity II a Community Development Entity managed by taxadvantagegroup and Greenville Local Development Corporation in Greenville, S.C., has deployed $73 million of NMTC allocations for eight South Carolina businesses and non-profits over the past 18 months.
NJEDA Approves Grow NJ Tax Credits
The New Jersey Economic Development Authority approved Grow New Jersey tax credits to encourage two companies to establish locations at Bell Works, the former Bell Laboratories site in Holmdel. The companies receiving tax credits are Matawan-based iCIMS, Inc. and the Manhattan Telecommunication Corporation.