Tuesday, January 13, 2015, 11:44 AM

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:
FloridaGovernor says increased employment due to low taxes, small government, TaxAnalysts.com (January 6, 2015)**
In his January 6 inaugural address, Florida Gov. Rick Scott (R) said the state's rising employment rate was due to lower taxes and reduced government, that the state must remain committed to lowering taxes and keeping government small, and invited citizens from across the country to move to Florida.


Georgia:
Mercedes-Benz to move U.S.headquarters to Atlanta, Reuters.com (January 6, 2015)
Mercedes moves United States' headquarters to Atlanta, Georgia.


South Carolina:
ControversialAmazon SC tax break set to expire in 2016, The State
(December 28, 2014) Amazon's controversial sales tax break legislation expires on January 1, 2016.


Texas:
Texas House panel calls for restructuring incentive programs, San Antonio Express-News (January 6, 2015) Texas contemplates whether it needs to restructure or consolidate its many incentive programs.

Virginia:
Virginia Governor proposes reduction in state tax preferences, TaxAnalysts.com (December 18, 2014)**
During an address to lawmakers on December 17, Virginia Gov. Terry McAuliffe (D) called on the General Assembly to reduce $114.3 million in tax preferences in the fiscal 2016 budget.


Washington, DC:
D.C. bill lowers capital gains tax rate on technology investments, TaxAnalysts.com (January 6, 2015)**
District of Columbia Bill 20-0945, signed into law as Act 20-514, lowers the capital gains tax rate on the sale of eligible technology company investments to 3 percent as long as the investment was held at least 24 months, was in the common or preferred stock of the company, and the stock was not publicly traded at the time of the sale.


D.C. policy group offers recommendations for Economic Development Program for high-tech businesses, TaxAnalysts.com (January 5, 2015)
**
The DC Fiscal Policy Institute, in a brief to the new mayor and District council, issued recommendations to improve the high-technology sector economic development tax incentive, including reducing tax cuts for wealthy investors and companies, investing in workforce development, easing access to capital, and providing affordable workspace.

**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







 

 

 

South Carolina

Charleston

Columbia

Greenville
Morris Ellison
843.720.4614
MEllison@wcsr.com








 

 

Georgia

Atlanta

 

 


 

 






 
 
 













 
 
 



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