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Fascinating that state governments offer tax incentives
Posted on: December 3, 2016 at 13:24:11 CT
90Tiger STL
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(in fact set their tax rates) in order to retain or attract corporations to their states - every.single.day.
But Pence offers a company tax incentives and because it was Trump's idea, it's somehow new?
Where have you guys been the last...forever? It is fascinating to me how all of you think you've found something new going on when states do this all the time - but if a state govt wishes to keep a company from going to Mexico, it's somehow "what Hitler did" (evenflow's contribution)
https://www.enterpriseflorida.com/why-florida/business-climate/incentives/
https://en.wikipedia.org/wiki/Economic_development_incentive
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=state%20government%20tax%20incentives%20to%20retain%20corporations
OTHER STATES' TAX INCENTIVES FOR COMPANIES RELOCATING THEIR CORPORATE HEADQUARTERS
A computer search found seven states with tax incentive programs that are specifically targeted to companies relocating their corporate headquarters to the state. Table 1 lists the states and briefly describes the type and amount of the incentive, its eligibility requirements, and the taxes or fees to which it applies.
While none of the states offers a sales tax exemption for the goods and services relocating companies purchase, two offer other types of incentives that these companies can use to reduce their sales tax liability. Tennessee awards qualifying companies a sales tax credit on qualified goods they purchase for new headquarters facilities. Florida issues a tax refund to qualifying companies that may be used against the sales tax or a number of other state taxes.
All of the programs we examined either require the companies to create a certain number of jobs to qualify for the tax incentive or base the tax credit amount on the number of jobs created. Florida, Mississippi, Tennessee, and Wisconsin also consider whether the jobs meet specific salary thresholds when determining a company's qualifications for the credit or the credit amount.
The taxes to which the credits and refunds apply vary by state. The incentives may be used primarily against business and income taxes, such as corporation, personal income, insurance premium, and telecommunications taxes. South Carolina also allows companies to apply the corporate headquarters credit against their corporation license fees.\
https://www.cga.ct.gov/2011/rpt/2011-R-0351.htm
But Pence offers a company tax incentives and because it was Trump's idea, it's somehow new?
Where have you guys been the last...forever? It is fascinating to me how all of you think you've found something new going on when states do this all the time - but if a state govt wishes to keep a company from going to Mexico, it's somehow "what Hitler did" (evenflow's contribution)
https://www.enterpriseflorida.com/why-florida/business-climate/incentives/
https://en.wikipedia.org/wiki/Economic_development_incentive
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=state%20government%20tax%20incentives%20to%20retain%20corporations
OTHER STATES' TAX INCENTIVES FOR COMPANIES RELOCATING THEIR CORPORATE HEADQUARTERS
A computer search found seven states with tax incentive programs that are specifically targeted to companies relocating their corporate headquarters to the state. Table 1 lists the states and briefly describes the type and amount of the incentive, its eligibility requirements, and the taxes or fees to which it applies.
While none of the states offers a sales tax exemption for the goods and services relocating companies purchase, two offer other types of incentives that these companies can use to reduce their sales tax liability. Tennessee awards qualifying companies a sales tax credit on qualified goods they purchase for new headquarters facilities. Florida issues a tax refund to qualifying companies that may be used against the sales tax or a number of other state taxes.
All of the programs we examined either require the companies to create a certain number of jobs to qualify for the tax incentive or base the tax credit amount on the number of jobs created. Florida, Mississippi, Tennessee, and Wisconsin also consider whether the jobs meet specific salary thresholds when determining a company's qualifications for the credit or the credit amount.
The taxes to which the credits and refunds apply vary by state. The incentives may be used primarily against business and income taxes, such as corporation, personal income, insurance premium, and telecommunications taxes. South Carolina also allows companies to apply the corporate headquarters credit against their corporation license fees.\
https://www.cga.ct.gov/2011/rpt/2011-R-0351.htm
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Fascinating that state governments offer tax incentives - 90Tiger MU - 12/3 13:24:11
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