Tax Credits Finance Update - January 24, 2017
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March 1 - 2, 2017
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CDFA // BNY Mellon Webcast Series: Is There a New Markets Tax Credit Surplus?
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Tax Credits Finance Update
January 24, 2017
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Tax Credits Finance Update

Features

NARENCO Plans Two Solar Farms In Orangeburg County, SC
NARENCO (National Renewable Energy Corporation) will be constructing two new solar farms in Orangeburg County, South Carolina. Both projects are expected to bring $89.1 million in new capital investment to the area.

LA Legislature to Examine Generous Historic Tax Credit
Baton Rouge's illuminated downtown skyline has been shaped by a relatively small and obscure state tax incentive that has kept intact an air of history in the Capital City. The incentive expires in 2018, but the Legislature is expected to consider renewing it.

Lawmaker Seeks Bigger Tax Break for Rural Hospital Donors
A Georgia lawmaker who sponsored a new tax break for individuals and corporations who give donations to rural hospitals now wants to make those incentives larger.

Lucid Motor's Receives Incentives to Build New AZ Factory
Lucid Motor's intends to invest $700 million in an electric car factory that is projected to create 2,000 jobs in a distressed area. The project is being assisted by the county through the purchase of the site and the provision of $6.5 million in grants and $40 million in tax credits.

Wolf Administration Announces $15M for Start-Ups
Department of Community and Economic Development Secretary Dennis Davin announced the approval of $15 million in tax credits to support 263 early-stage companies through the Keystone Innovation Zone (KIZ) Program.

Proposed CA Bills Would Increase State LIHTC's to $300M Annually
These bills will fund the production of housing for low-income families by incentivizing local governments to complete upfront planning, environmental review, approval of housing permits to increase housing supply, and more.

Amazon Nets $13M in Tax Credits From IL
The agreement will grant Amazon tax benefits totaling $12.9 million over 10 years in response to the company's commitment to create at least 1,000 new jobs during that period.

Controversy Churns Over Curbing Tax Breaks for Wind Turbines
The state offers producers incentives for the first 10 years of a wind farm's operation. Oklahoma did not cap incentives for the industry which has sparked new plans to curb tax incentives for wind farms. Green energy supporters say sudden limits could imperil the industry.

Upcoming Events
Intro Tax Credit Finance WebCourse
More Headlines

SC Commerce Plans Marketing Push to Grow Tech Sector
The Post and Courier | Jan. 23 | Economic Development | Incentives | Innovation Finance | Tax Credits

NC Offers Tax Credits to Attract SEAL Team Six from VA
The Virginian-Pilot | Jan. 23 | Tax Credits | Incentives

Development Incentives and Tax Breaks Key Issue in Overland Park
The Kansas City Star | Jan. 23 | Incentives | Tax Increment Finance (TIF) | Tax Credits | Bond Finance

NMTC to Fund Redevelopment in Fort Myers
Fort Myers Florida Weekly | Jan. 20 | Economic Development | Redevelopment | Tax Credits | Tax Credits\State New Markets Tax Credits

East Point Breaks Ground on $13M Apartments, Shops
South Metro Neighbor | Jan. 18 | Green Finance | Tax Credits

Tax Breaks from ECIDA Sought for Pierce-Arrow Project
Buffalo Business First | Jan. 18 | Redevelopment | Tax Credits | Urban Development

NMTC Coalition Urges Supporters to Sign Letter
NMTC Coalition | Jan. 17 | Tax Credits

Column: The Case Against Tax Money for Stadiums, Movies
Tampa Bay Times | Jan. 13 | Incentives | Public-Private Partnership (P3) Financing | Tax Credits

Small Businesses Urge Extension of NY's Film Production Tax Credit
Business Wire | Jan. 13 | Economic Development | Tax Credits

New State Bills Seek to Kill Incentives for Film and TV Productions in TX
Dallas Observer | Jan. 13 | Incentives | Tax Credits

$43M Tax Deal Sought for Nynex Building Redevelopment in Syracuse
The Post-Standard | Jan. 12 | Redevelopment | Tax Credits

Illinois EDGE Jobs Program Could See New Life
Chicago Tribune | Jan. 9 | State Finance Program | Tax Credits

State Historic Tax Credit for Peoria's Downtown Extended
Peoria Downtown | Jan. 9 | Historic Preservation | Tax Credits

5 Hot Topics Hitting Public Finance in 2017
Governing | Jan. 3 | Bond Finance | Incentives | Legislative | Tax Credits

MD Awards Tax Credits to Hagerstown Project
Herald-Mail Media | Jan. 1 | Redevelopment | Tax Credits

$78K Historic Tax Credit Awarded to New Brighton Building
The Times | Dec. 30 | Brownfield Financing | Historic Preservation | Tax Credits

WEDC Revokes Performance Tax Credits for 5 Companies
Madison.com | Dec. 27 | Tax Credits

PA's Neighborhood Assistance Program Receives $17.8M
DCED | Dec. 27 | Tax Credits



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