Tax Credits and Incentives Update with Canopy
March 13, 2024
Did you know there are a variety of tax credits and incentives that your business may be able to take advantage of? These tax credits and incentives aid to encourage growth and development of businesses, communities and more. Our knowledgeable tax leaders, Martin Karamon, J.D., LL.M. and Melinda Young, CPA, will share insights into the various available incentives, such as:
1. Hiring Incentives: Employee Retention Credit (ERC), New Markets Tax Credit and State Job Creation Credits
2. Research and Development (R&D) Activities: Federal Tax Credits and State R&D Credit
3. Alternative Energy Investments: Investment Tax Credits, Production Tax Credits, and Application-based tax credits like IRC Section 48C
4. Energy Efficiency Improvements to Commercial Buildings: Section 179D Energy Efficient Commercial Buildings Deduction (Section 179D)
5. Expansion/Relocation/Consolidation: New Markets Tax Credit, Site Selection Services and Negotiated Incentives
6. Building or Purchasing a Facility: Cost Segregation Studies
Join Canopy and Cherry Bekaert as we provide details on tax credits and incentives that are most rewarding to your organization.