California
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- Mayoral
candidates spar in first debate, The
San Diego Union-Tribune (September 21, 2013)
City Councilmen David Alvarez
and Kevin Faulconer, along with former City Attorney Mike Aguirre,
sparred in largely cordial exchanges that focused mainly on business
issues facing the city.
- California
BOE explains exclusion for solar energy systems construction, TaxAnalysts.com (September 23, 2013)**
In a letter to county
assessors, the California State Board of Equalization explained that
eligible construction completed on an active solar energy system before
2017 will remain excluded from the definition of new construction and
thus excluded from property tax assessment, but all construction or
addition on or after January 1, 2017, will be considered assessable new
construction.
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Florida
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- Healthplan
services' expansion in Florida to take advantage of state, local
incentives, TaxAnalysts.com (September 23, 2013)**
Florida Gov. Rick Scott (R) has
announced that administrative services provider HealthPlan Services's
expansion of its headquarters in Hillsborough County will create more
than 1,000 new jobs by 2018 and provide an estimated $34.4 million in
investment; the company will receive a state and local incentive package
worth up to $2.5 million.
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Georgia
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- Georgia
DOR amends rule on investment tax credit for manufacturing, Telecom,
TaxAnalysts.com (October 1, 2013)**
The Georgia Department of
Revenue has amended an investment tax credit rule to update definitions
and include establishments engaged in Internet services and specialized
telecommunication services, such as satellite tracking, communications
telemetry, and radar station operation, within the meaning of
telecommunications.
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National
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- SEC Proposes Pay
Ratio Rule, wcsr.com (September 30, 2013)
Earlier this month, the
Securities and Exchange Commission voted in a 3-2 split to propose the
much anticipated CEO pay ratio rule, which would require disclosure of
the ratio of a company’s median employee compensation level to the
company’s CEO compensation. As evidence of the contentious nature of the
rule, the SEC noted that it received almost 23,000 comments before the
rule was even proposed, with corporations and their advisers asserting
that the costs of compliance would be much greater than any benefits of
disclosure, and investor groups asserting that the disclosure may help
inform investment and voting decisions and possibly rein in pay levels.
As discussed in this document, the SEC’s rule proposals are designed to
give companies flexibility in identifying the “median” employee and in
calculating total employee compensation, as long as the methods and
related disclosures comply with certain basic principles and are
reasonably and consistently applied.
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North Carolina
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- North
Carolina extends tax credit carry forwards (BUT not the credits
themselves), TaxAnalysts.com (September 18, 2013)**
The North Carolina Department
of Revenue has issued a notice stating that taxpayers may continue to
receive remaining installments and carry forwards from various tax
credits that will be repealed beginning with tax year 2014, so long as
they continue to meet eligibility requirements.
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South Carolina
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- S.C.
works to maintain export leadership, scedablog.com (September 30, 2013)
World Trade Center
Charleston, the Charleston Metro Chamber of Commerce and The Brookings
Institution recently released details of a plan to boost Lowcountry
exports.
- Fiscal
year to focus on ethics and roadways, Aiken Standard (September 29, 2013)
South Carolina's fiscal year
may begin on July 1, as opposed to the Oct. 1 start of the federal
government's fiscal year; however, the first of October brings
expectations for the state as well, with an emphasis on infrastructure.
- SC
DOR issues tax legislative update for 2013, TaxAnalysts.com (September 24, 2013)**
The South Carolina Department
of Revenue has released an informational letter summarizing the
significant tax law changes enacted during the past legislative session.
- New
meaning of 'compensation', The Post & Courier (October
2, 2013)
Council Chairman Teddie Pryor
declared that property owners won’t be getting any additional cash from
the county despite an amendment by Council member Anna Johnson to that
effect.
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Texas
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- Industry
targeting aircraft parts tax, San Antonio Express-News (September 29, 2013)**
When aircraft parts supplier
Aviall told the Irving-Las Colinas Chamber of Commerce that the state
tax code could cost the region both a new warehouse and the company's headquarters,
the chamber worked fast.
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Virginia
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- Logic
on road planning, The
Roanoke Times
(September 24, 2013)
The speaker says
transportation projects should be rated on congestion relief, safety and
economic development.
- Virginia
AG opines on requirements for conservation easements, TaxAnalysts.com (September 20, 2013)**
In a September 20 opinion,
the Virginia attorney general explained the minimum acreage requirements
for perpetual conservation easements, and that back taxes may not be
assessed if the conservation easement land no longer appears to qualify
for land use assessment.
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