Tuesday, May 20, 2014, 2:05 PM

The Womble Carlyle Economic Development Digest - May 16, 2014

Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.

In this week's Economic Development Digest:

  • Maryland expands Health Enterprise Zone Credit Program, TaxAnalysts.com (May 5, 2014)**
    Maryland HB 668, signed into law as Chapter 417, expands eligibility for the health enterprise zone (HEZ) tax credit to include, in addition to HEZ practitioners, all for-profit and nonprofit entities that employ qualified employees and provide healthcare services in an HEZ, and requires special consideration for community-based applicants.
South Carolina
  • South Carolina DOR announces committee to study alternative apportionment methods, TaxAnalysts.com (May 1, 2014)**
    The South Carolina Department of Revenue announced that it has ceased work on a proposed revenue ruling on combined unitary reporting and has formed a committee to study alternative allocation and apportionment methods to reach an equitable and balanced approach to corporate taxation that applies objective and reasonable standards.
  • The right engine for transportation goals, Daily Press (May 10, 2014)
    The Hampton Roads Transportation Commission “transforms the old game and puts the right people at the table”: 14 mayors and county chairs, five state legislators, plus as non-voting members the state's Highway Commissioner, Executive Director of the Virginia Port Authority, Director of Rail and Public Transportation and a commissioner of the Commonwealth Transportation Board.

**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 www.wcsr.com/Practices/Economic-Development.

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

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