Friday, October 25, 2013, 1:57 PM

The Economic Development Digest - October 25, 2013

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the Southeast and Mid-Atlantic U.S.

In this week's Economic Development Digest:

  • Florida DOR Explains Capital Investment Credit, (October 21, 2013)**
    The Florida Department of Revenue issued a technical assistance advisement informing a taxpayer that it may calculate its Florida Capital Investment Tax Credit by applying the state's apportionment fraction to its annual taxable income and applying the state's corporate income rate of 5.5 percent.  
North Carolina
South Carolina
  • South Carolina Supreme Court denies petition to enjoin local sales and use tax ballot measure, (October 17, 2013)**
    The South Carolina Supreme Court denied the state's petition to enjoin a county from placing a measure on the ballot to reimpose a 1 percent sales and use tax for new infrastructure improvements while previous projects earmarked for the tax remain unfinished, finding that the county complied with the statutory requirements of the tax's reimposition.
  • Rice: New Water Resources Act good news for SC, Post & Courier (October 23, 2013)
    The Water Resources Reform and Development Act, if approved by Congress, could fund improvements for waterways and smaller ports such as Georgetown, South Carolina.
Washington D.C.
  • Cuccinelli and McAuliffe on transportation issues, The Washington Post (October 21, 2013)
    Political efforts in Virginia to raise funding for rising infrastructure costs gains national attention, as infrastructure for roads, rail lines and bridges is linked as crucial to safety and economic development in Virginia.

**Note: a paid subscription is required to access this article. A brief description has been provided. Please contact Womble Carlyle’s Economic Development Team for more information on these developments.

Womble Carlyle's Economic Development Team helps clients explore opportunities for locating or expanding operations in the Southeast and Mid-Atlantic U.S. Our Economic Development Team combines a thorough working knowledge of economic development incentives; land use and siting procedures; and regulatory matters at the state, county and local levels, drawing on strong relationships built over many years with key governmental and civic leaders. For more information visit

If you have any questions about this Economic Development Digest, please e-mail or contact any member of Womble Carlyle's Economic Development Team.

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