California – GO-Biz Committee Approves $70 Million in Tax Credits for 35 Companies Committing to Add Over 4000 Jobs in California

FOR IMMEDIATE RELEASEAneesh.Raman@gobiz.ca.govApril 11, 2019 Sacramento, Calif. – Today, the Governor’s Office of Business and Economic Development (GO-Biz) announced that the California Competes Tax Credit (CCTC) committee approved $70 million in tax credits for 35 companies projected to create 4,221 Continue reading California – GO-Biz Committee Approves $70 Million in Tax Credits for 35 Companies Committing to Add Over 4000 Jobs in California

California – Film Tax Credit To Bring Back Jobs And Increase Revenue

SALT Report 3447 – Assembly Bill 1839, The California Film and Television Job Retention and Promotion Act, would extend and expand motion picture tax credits allocated by the California Film Commission for the period of July 1, 2016 through June Continue reading California – Film Tax Credit To Bring Back Jobs And Increase Revenue

New York – Introduced Bill Creates New Tax Credits

SALT Report 3111 –The New York State Assembly introduced legislation that, if passed, would establish the Work-NY program.  This program would provide tax credits for small businesses based on hiring and investments and would eliminate the corporate franchise and personal Continue reading New York – Introduced Bill Creates New Tax Credits

California – FTB Launches New Jobs Credit Mapping Tool

SALT Report 3094 – The Franchise Tax Board released a new online tool that will identify the designated geographic areas in which businesses must be located to be eligible for the new jobs tax credit.  The tool will allow employers Continue reading California – FTB Launches New Jobs Credit Mapping Tool

Kentucky – Motion Picture Production Company Form Released

SALT Report 3074 – The Kentucky Department of Revenue recently revised Form 51A240 – Motion Picture Production Company Expenditure Report. The form is used to claim the credit for sales and use taxes paid on qualified purchases made by pre-qualified Continue reading Kentucky – Motion Picture Production Company Form Released

Washington – Tax Credit for Harvesters of Forest-Derived Biomass

SALT Report 2891 – The Washington Department of Revenue issued a special notice stating that the B&O tax credit for harvesters of forest derived biomass that is sold, transferred, or used for the production of electricity, steam, heat, or biofuel Continue reading Washington – Tax Credit for Harvesters of Forest-Derived Biomass

New Mexico – Taxpayer’s Alternative Energy Product Tax Credit Denied

SALT Report 2855 – A New Mexico Department of Taxation and Revenue hearing officer issued a ruling regarding a Taxpayer’s application for the alternative energy product manufacturer’s credit against its combined tax liabilities because the Taxpayer did not meet the Continue reading New Mexico – Taxpayer’s Alternative Energy Product Tax Credit Denied

Wyoming – Vendor’s Compensation and Credits

SALT Report 1613 – The Wyoming Department of Revenue’s most recent issue of Taxing Issues discusses the eligibility requirements that apply to the vendor compensation credit and the changes in how the Department will notify taxpayer’s of credits t… Continue reading Wyoming – Vendor’s Compensation and Credits

New York – Proposed Budget Includes Tax Credits

SALT Report 1354 – New York Governor Andrew Cuomo has released his 2012-2013 executive budget which is a pro-growth budget without broad cuts, new taxes, fees or borrowing and contains sales and use, motor fuels, and other tax provisions. The prop… Continue reading New York – Proposed Budget Includes Tax Credits