The Womble Carlyle Economic Development Digest - January 26, 2016
Womble Carlyle’s Economic Development Digest aggregates news, opportunities and legislation impacting business in the United States.
In this week's Economic Development Digest:
Georgia
• Georgia DOR amends sales tax rule on energy for manufacturing, TaxAnalysts.com (January 4, 2016)**
The Georgia Department of Revenue has amended a sales tax rule on energy necessary and integral to manufacturing to clarify the statutory definition of energy, the taxable use of energy at a manufacturing plant, the exempt use of energy at a manufacturing plant, and the energy exemption created by the Transportation Funding Act of 2015.
Maryland
• Hogan says he'll seek tax cuts, The Baltimore Sun (January 7, 2016)
Maryland Gov. Larry Hogan proposes $400 million in tax cuts over the next five years (highlights include a $1.1 billion "rainy day fund”, $6.3 billion for K-12 education, $314 million in new funding for school construction and $2 billion for "shovel-ready" infrastructure projects, including fixing every structurally deficient bridge in the State).
• Maryland tax structure an impediment to business, TaxAnalysts.com (January 26, 2016)**
The prosperity of Maryland businesses will, in most instances, lead to the creation of jobs for the State's citizens.
Continue reading this week's Digest (pdf)...
**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.
In this week's Economic Development Digest:
Georgia
• Georgia DOR amends sales tax rule on energy for manufacturing, TaxAnalysts.com (January 4, 2016)**
The Georgia Department of Revenue has amended a sales tax rule on energy necessary and integral to manufacturing to clarify the statutory definition of energy, the taxable use of energy at a manufacturing plant, the exempt use of energy at a manufacturing plant, and the energy exemption created by the Transportation Funding Act of 2015.
Maryland
• Hogan says he'll seek tax cuts, The Baltimore Sun (January 7, 2016)
Maryland Gov. Larry Hogan proposes $400 million in tax cuts over the next five years (highlights include a $1.1 billion "rainy day fund”, $6.3 billion for K-12 education, $314 million in new funding for school construction and $2 billion for "shovel-ready" infrastructure projects, including fixing every structurally deficient bridge in the State).
• Maryland tax structure an impediment to business, TaxAnalysts.com (January 26, 2016)**
The prosperity of Maryland businesses will, in most instances, lead to the creation of jobs for the State's citizens.
Continue reading this week's Digest (pdf)...
**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.
Labels: economic development, Georgia DOR sales tax, Maryland tax cuts