The Womble Carlyle Economic Development Digest - August 1, 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:

Florida Florida DOR explains changes to localities' administration of economic development property tax exemption, TaxAnalysts.com (July 16, 2014)** The Florida Department of Revenue has summarized legislative changes to procedures for local governments to authorize economic development ad valorem tax exemptions. Georgia Georgia DOR proposes film tax credit rule amendment, TaxAnalysts.com (July 10, 2014)** The Georgia Department of Revenue has proposed to amend a rule governing the film tax credit to bring the rule in conformity with current law and to clarify some provisions of the rule. North Carolina $1.2 billion deal would cut NCEMPA debt 70 percent to about $480 million, The Wilson Times (July 28, 2014) N.C. Eastern Municipal Power Agency and Duke Energy Progress agreed to a $1.2 billion deal which could lower electric bills for residential and business customers in the 32 cities and towns NCEMPA serves in eastern North Carolina. NC House committee spurns Senate bill that would curb urban sales tax authority, The News & Observer (July 30, 3014) A North Carolina House committee considers changes to a Senate bill that could reduce the ability of certain counties to raise the local sales tax. Commissioners choose not to put sales tax increase referendum on fall ballot, The Brunswick Beacon (July 29, 2014) Brunswick County, North Carolina commissioners choose to not put sales tax increase referendum on Fall ballot. Hamilton makes political point on incentives in House meeting, Star News Online (July 30, 2014) North Carolina elected official advocates for a closing fund to aid with economic development efforts in North Carolina. NC House balks at McCrory's new incentive program for relocating businesses, The News & Observer (July 30, 2014) North Carolina ponders idea of a $20 million “closing fund” to offer up front, cash incentives to companies considering North Carolina. Virginia Virginia AG: County, Town May Concurrently Assess Business Property Taxes, TaxAnalysts.com (July 16, 2014)** The Virginia attorney general opined that a county and a town may concurrently assess tangible personal property taxes on business property located within the boundaries of both governmental entities because counties and towns in the state are separately authorized to assess tangible personal property taxes. The business of beer, Virginia Business (July 30, 3014) The craft beer industry grows substantially, as Virginia positions itself to capture more of this popular industry. **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.   Contacts North Carolina Charlotte Raleigh Research Triangle Park Winston-Salem John Hunter 704.331.4951 JHunter@wcsr.com Don Donadio 919.755.2102 DDonadio@wcsr.com Neill Edwards 919.484.2357 NEdwards@wcsr.com Alfred Adams 336.721.3642 AAdams@wcsr.com Chris Kouri 704.331.4987 CKouri@wcsr.com Nellie Shipley 919.755.2107 NShipley@wcsr.com       South Carolina Charleston Columbia Greenville Morris Ellison 843.720.4614 MEllison@wcsr.com Todd Carroll 803.454.7730 Todd.Carroll@wcsr.com Matt Trent 864.255.5411 MTrent@wcsr.com Foster Gaillard 843.720.4610 FGaillard@wcsr.com Kevin Hall 803.454.7710 Kevin.Hall@wcsr.com   Stephanie Yarbrough 843.720.4621 StYarbrough@wcsr.com