Nevada – Unprecedented Tax Incentives To Bring Tesla Motors To Nevada

SALT Report 3477 –  On September 11, 2014 Governor Brian Sandoval signed legislation that will provide up to $1.3 billion dollars in tax credits and incentives, bringing Tesla Motors’ $5 billion dollar “gigafactory” to the state of Nevada. Some of the Continue reading Nevada – Unprecedented Tax Incentives To Bring Tesla Motors To Nevada

California – (GoBiz) “California Competes Tax Credit” Proposed Emergency Regulations Under Review (deadline for written comments 2/15/14)

SALT Report 3243 –The proposed regulations governing the “California Competes Tax Credit” have been submitted to the Office of Administrative Law (OAL).  This begins a 5 day period expiring on February 15, 2014 (Saturday) where taxpayers may submit written comments Continue reading California – (GoBiz) “California Competes Tax Credit” Proposed Emergency Regulations Under Review (deadline for written comments 2/15/14)

California – Green Technology Tax Guide

SALT Report 3071 – The California State Board of Equalization released a tax guide for businesses involved in green technologies to clarify many of the tax laws specific to this industry.  The BOE states that because this industry has seen Continue reading California – Green Technology Tax Guide

Illinois – Credit Reporting Requirements Enacted

SALT Report 2886 – Illinois recently enacted legislation that imposes an annual reporting requirement on any Illinois taxpayer that receives corporate income tax credits, personal income tax credits, sales tax exemptions, or a property tax abatement under the Economic Development Continue reading Illinois – Credit Reporting Requirements Enacted

New York – Governor Announces Tax-Free Communities Initiative

SALT Report 2536 – In an effort to attract new business to the state, New York Governor Andrew Cuomo announced a statewide initiative that will allow new businesses to operate completely tax-free for 10 years. The program, called Tax-Free NY, Continue reading New York – Governor Announces Tax-Free Communities Initiative