Category Archives: Tax Credits

Set Of Red Dollar Signs On White Background
02.01.16 |

Rhode Island Budget Bill Enacts New Credits

The Rhode Island budget bill1 for fiscal year ending June 30, 2016 includes the enactment of several new tax credits and incentives designed to encourage business development in the state, as well as the repeal of a couple of pre-existing credit and incentive programs.   Some of the new credits are discussed in more detail below….Read More »

Yellow Hard Hat
01.12.16 |

Rhode Island Hopeful New Tax Credit Will Bring Jobs

Rhode Island State Rep. K. Joseph Shekarchi announced in May that he was introducing legislation aimed at creating jobs in his state by awarding tax credits to companies that either relocated to Rhode Island or created new jobs in the state, as reported by the Johnston Sunrise.[1] This is the third straight year that Shekarchi…Read More »

Badminton shuttlecock
01.04.16 |

“California Competes” Tax Credit Application Period Starts Jan 4

This summer, the California Governor’s Office of Business and Economic Development (GO-Biz)  announced1 three online application periods for the fiscal year 2015-2016 California Competes Tax Credit.  The second of the three application periods will start on January 4, 2016 and remain open through January 25, 2016. Up to $75 million in credits may be awarded…Read More »

fountain pen and leather case over white background
12.18.15 |

WOTC Extension Approved By Congress, President Signs Bill into Law

President Obama signed the Omnibus Spending Bill H.R. 2029 and the PATH Act (Protecting Americans from Tax Hikes Act of 2015) into law on December 18, 2015, extending the Work Opportunity Tax Credit (WOTC) Program for another five years.  Businesses will now be able to take advantage of WOTC through 12/31/19. WOTC is a tax…Read More »

beautiful butterfly isolated on white
12.15.15 |

Potential Changes to WOTC in 2016 (updated)

Update: WOTC Extension Approved By Congress, President Signs Bill into Law Savvy HR professionals know that the Work Opportunity Tax Credit (WOTC) can be a great way to receive tax benefits while offering valuable employment opportunities to target groups in the community. Earlier this year, we highlighted four easy steps to help employers get the most…Read More »

Retro Tax Credits
12.14.15 |

Business Owners: It’s Still Possible to Take Advantage of Some 2015 Tax Credits [Infographic]

If you’re a business owner, one of the items on your year-end checklist should be to check what tax credits are available to you. If your business is eligible, taking advantage of a tax credit can help you reduce your future tax liability and reward your investment in job creation and/or capital investments. Check out…Read More »

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New York Minimum Wage Reimbursement Tax Credit

It’s no secret that the cost of living in the Empire State can add up quickly. If you’re a college student racking up expenses, perhaps it’s time to consider applying for a job. Nailing down a minimum wage job in New York sounds like it should easy, except so many people may be competing for…Read More »

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11.30.15 |

There’s Always Room for More: Identifying Negotiable or Discretionary Incentives

There are many different types of tax and business incentives offered by the federal and state government to help encourage businesses to either locate or expand in targeted areas. Many of these incentives are designed to stimulate job growth and economic development.  Some incentives are categorized as supplemental incentives (where eligibility is contingent upon participation…Read More »

Grunge state of North Carolina flag map
11.23.15 |

North Carolina Enacts North Carolina Competes Act

On September 30, 2015, North Carolina Governor Pat McCrory signed into law the North Carolina Competes Act (HB 117)1  (the “Act”), which the governor has identified as a key component of his comprehensive strategy to build and strengthen North Carolina’s economy and help more residents find employment.2 The centerpiece of the legislation is increased funding…Read More »

Fall Colors Wisconsin Shillouette
11.04.15 |

Wisconsin Enacts Business Development Credit, Sunsets Other Credits

Wisconsin Act 55 (“Act 55”).1 The new budget contains numerous tax provisions which will impact many tax credits and incentives.  Some of the key changes are outlined below. Business Development Credit Created by Act 55 Act 55 creates a new refundable credit called the Business Development Credit, which will be administered by the Wisconsin Economic…Read More »


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