How to Benefit from Business State and Local Tax Credits & Incentives Programs
March 9, 2023
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State Credits & Incentives programs are offered by state governments to encourage economic development and investments in their state. These credits allow businesses an opportunity to reduce their tax burden, increase cash flow and make investments for growth and long-term success. All these credit and incentives programs are designed to benefit the local areas and give businesses an advantage in a competitive market.
Melinda Young, State Credits & Incentives Director, and Nick Cousino, State Credits & Incentives Senior Manager, join Brooks Nelson, Partner and Strategic Leader, and Sarah McGregor, Tax Director, on this edition of the Tax Beat podcast to share insights on how your business can take advantage of these programs.
Listen to learn more about:
- Background on the State Credits & Incentives Practice
- Commonly Claimed State Credits
- State Credits From Previous Years
- State Credits Trends
- Investments and Job Creation With State Credits
- Impact of Layoffs During COVID-19
- Minimum Business Investments to Benefit From State Credits & Incentives
- Site Selection Services
- Location Retention Incentives
- Impact of the Tax Cuts & Jobs Act (TCJA) On State Incentive Packages