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.
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
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North Carolina
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Charlotte
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Raleigh
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Research Triangle
Park
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Winston-Salem
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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 |
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South Carolina
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Charleston
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Columbia
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Greenville
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Morris Ellison 843.720.4614 MEllison@wcsr.com |
Todd
Carroll
803.454.7730 Todd.Carroll@wcsr.com |
Larry
Estridge
864-255-5401 LEstridge@wcsr.com | |
Foster Gaillard
843.720.4610 FGaillard@wcsr.com |
Kevin Hall
803.454.7710 Kevin.Hall@wcsr.com |
Keith
Munson
864-255-5412 KMunson@wcsr.com | |
Stephanie Yarbrough
843.720.4621 StYarbrough@wcsr.com |
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Georgia
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Atlanta
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Steven
Dunlevie
404.888.7401 SDunlevie@wcsr.com |
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Labels: florida employment taxes, Georgia Mercedes-benz, South Carolina tax break, Texas incentive programs
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