South Carolina
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- I-526
widening is on SCDOT Commission's priority list, The Post and Courier (July 23, 2013)
1-526 widening (the
controversial extension of Interstate 526 across Johns and James
Islands) is on SC DOT Commission’s priority list. The board members of
the S.C. Transportation Infrastructure Bank will meet next month with SC
DOT officials to consider the state’s top priorities.
- DOT
board lists 7 big projects for new road money, The Associated Press (July 23, 2013)
Seven road projects were
approved last week by the SC DOT to be completed first. The SC DOT sent
the list of projects to the S.C. Transportation Infrastructure Bank for
consideration and funding. The S.C. Transportation Infrastructure Bank
does not have to follow the SC DOT’s recommendations.
- South
Carolina Supreme Court: Partnership may not claim infrastructure credits,
TaxAnalysts.com (July 24, 2013)**
The South Carolina Supreme
Court held that only a corporation, not a partnership wholly owned by
corporate affiliates, may claim credits for infrastructure project
expenses and rejected the taxpayer's contention that because it filed a
consolidated return, all of its affiliates constituted a single taxpayer
for purposes of the credit.
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North Carolina
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- Governor Pat McCrory Signs
Fiscally Responsible Budget, Office of Governor Pat McCrory
(July 26, 2013)
Governor Pat McCrory
signed a $20.6 billion budget that increases K-12 education funding,
incorporates fiscally-responsible tax reform and lays the foundation for
economic growth and job creation. The budget reflects a 2.5 percent
spending increase compared to the previous fiscal year.
- N.C. tax overhaul
Done for this legislative session, wcsr.com (July 24, 2013)
The Conference Committee
version of H998 has been signed by Governor McCrory. The bill has been
promoted as a tax simplification and tax reduction measure, and as an
attempt to neutralize North Carolina tax climate disadvantages relative
to its neighboring states.
- Dogfight
over Charlotte airport exposes regional rifts, Charlotte Observer (July 21, 2013)
The future of Charlotte
Douglas International Airport is at stake, and it is a key to regional
economic development. There is tension between the legislature and the
city. The General Assembly of North Carolina created a new airport
authority to run the airport, and Jerry Orr (longtime aviation director)
departed his position.
- A
powerful comeback,
Winston-Salem Journal (July
18, 2013)
Governor Pat McCrory touts
North Carolina’s “powerful comeback”, discussing education reform,
economic development and advances in energy and transportation.
- McCrory
administration freezes Rural Center's cash, News & Observer (July 19, 2013)
Governor McCrory signed
"comprehensive tax reform" into law Tuesday, capping the
income tax for all individuals at 5.8 percent and reducing the corporate
tax to 6 percent in 2014.
- Tax
reform part of broader plan, Gaston Gazette (July 22, 2013)
By broadening the tax base
and lowering marginal tax rates, the tax-reform bill Republican leaders
crafted and pushed through the General Assembly aims to attract private
investment to North Carolina while preserving North Carolina’s ability
to invest effectively in public assets such as roads and schools.
- McCrory
signs tax reform 'restoring confidence for NC businesses', wncn.com (July 23, 2013)
Governor McCrory’s office
froze state money at the N.C. Rural Economic Development Center on
Thursday. In freezing funds at the Rural Center, Governor
McCrory’s office invoked a state law that allows it to protect taxpayer
dollars by stopping grantees, such as the Rural Center, from spending
state money.
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Virginia
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- Candidates
and experts agree: Virginia's tax code needs reform, TaxAnalysts.com (July 25, 2013)**
Now that North Carolina has signed
a sweeping package of tax cuts into law, tax policy commenters are
turning their attention north to neighboring Virginia, where tax policy
promises to feature prominently in this fall's race for governor.
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California
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Maryland
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- NoMa
thrives as Odenton struggles on, Maryland Gazette (July 20, 2013)
The NoMa district was
considered the “hole in the doughnut” of D.C. development. It had
access to transit, and proximity to a growing cluster of federal workers
as a number of federal facilities were relocating to the area. In 2009,
the District of Columbia provided tax incentives to spur residential
development in NoMa, encouraging developers to move forward with
projects despite the economic downturn. NoMa is now thriving as a result
of the commitment of the District of Columbia to its development.
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Texas
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- Texas
offers sales tax exemption for data centers, TaxAnalysts.com (June 14, 2013)**
Under Texas HB 1223, data
centers may be eligible for a sales and use tax exemption for qualifying
purchases of electricity, emergency generators, cooling systems, data
storage devices, network equipment, software, or other tangible personal
property.
- Texas
bill provides for more state over site of school district property tax
incentives, TaxAnalysts.com (June 14, 2013)**
Texas HB 3390, signed June 14
by Gov. Rick Perry (R), amends multiple provisions of the Texas Economic
Development Act, which permits school districts to offer incentives to
businesses in the form of temporary limits on taxable values of new
property, to provide for greater state oversight of local incentives,
amend definitions and criteria, and penalize applicants who fail to
create qualifying jobs.
- Texas
allows businesses to choose a sales or franchise tax break for R&D,
TaxAnalysts.com (June 14, 2013)**
Under Texas HB 800, business
taxpayers may choose a sales and use tax exemption or a franchise tax
credit for their research and development activities; the franchise tax
credit is worth 5 percent, or 6.25 percent if the research takes place
on a state university.
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