News & Analysis as of

Economic Development State and Local Government State Taxes

Husch Blackwell LLP

Kansas Enacts 20-Year Sales Tax Exemption for Data Centers

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As part of a continuing trend, Kansas Governor Laura Kelly has signed SB98 into law, becoming the latest state to enact a sales tax exemption for qualified data centers. Many states, including neighboring Missouri (see RSMo....more

Cozen O'Connor

Illinois Insights Special Edition: 2025 Budget Address Recap

Cozen O'Connor on

On Wednesday, February 19, Governor J.B. Pritzker delivered his seventh annual Budget Address to a joint session of the General Assembly, where he unveiled his $55.2 billion FY26 Executive Budget - marking an approximately $2...more

McGuireWoods Consulting

Governor Brian Kemp’s 2025 State of the State: Resilience, Progress, and Strengthening Georgia’s Future

On Jan. 16, 2025, Gov. Brian Kemp delivered his 2025 State of the State address to the Georgia General Assembly, highlighting resilience and progress while outlining an agenda to strengthen Georgia’s economy and quality of...more

Vorys, Sater, Seymour and Pease LLP

Attracting Aerospace: The Risks of a Property Tax-Heavy State Tax Structure

When examining the tax structures of business-aggressive states, a common pattern emerges: reduced income and franchise taxes offset by steeper sales and property taxes. While this approach may work for some industries, it...more

Maynard Nexsen

Alabama Legislative Summary: Economic Development

Maynard Nexsen on

During this year’s session, the Alabama Legislature considered multiple pieces of legislation focusing on improving Alabama’s economic opportunities and long-term economic development vision....more

Bricker Graydon LLP

Ohio Senate Committee chefs baking economic development morsels into their version of the state budget bill

Bricker Graydon LLP on

On June 1, 2021, the Ohio Senate Finance Committee released its version of the state’s biennial operating budget (HB 110), which must be signed into law by June 30, 2021. As often happens, there are millions of dollars in...more

Downs Rachlin Martin PLLC

2021 Final Vermont Legislative Update - May 2021

Business - The unemployment bill formerly known as S.10 – Business owners had their most challenging year in memory. Many hoped that the legislature, knowing this, would have sought to offset their challenges....more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 17 | Government and Public Affairs

Legislative Chess - It’s the time of year when the legislature plays chess. Sometimes it even plays speed chess, with programs, initiatives, and tax code changes flying in and out of bills as they move back and forth...more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 16 | Government and Public Affairs

Senate passes budget - On Friday, the Senate gave final approval to the $7.17 billion FY 2022 budget, H.439. Senate Appropriations Chair Jane Kitchel, D-Caledonia, called it “as complicated a budget as I’ve ever had to put...more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 14 | Government and Public Affairs

Governor proposes $90 million for state capital investment - Department of Economic Development Commissioner Joan Goldstein presented Governor Scott's Capital Investment Grant Proposal to the Senate Economic Development...more

Downs Rachlin Martin PLLC

Vermont Legislative Update Week 8 | Government and Public Affairs

Childcare bill becoming a heavy lift - The House Committee on Human Services is working through H.171, a bill that would create a comprehensive child care system governed and subsidized by the state. The system would take...more

Womble Bond Dickinson

South Carolina Department of Revenue Announces Changes to County Tiers for 2020

Womble Bond Dickinson on

The South Carolina Department of Revenue has released the 2020 county tier rankings for all South Carolina counties. The rankings are reassessed each year and are determined in part by per capita income and unemployment rate...more

McGuireWoods Consulting

NC Politics in the News: Your weekly North Carolina political news report January #3

Agriculture - THE ENTERPRISE: Farmers could receive hurricane relief checks this month - A leading agriculture advocate in the North Carolina Senate told farmers and their families Thursday that farmers can expect to...more

Bradley Arant Boult Cummings LLP

Three Things You Need to Know: How Trump’s “Tax Cuts and Jobs Act” Will Impact State Incentives and Project Recruitment - Economic...

As you may know, President Trump signed into law the Tax Cuts and Jobs Act (TCJA), enacting broad reforms to the Internal Revenue Code. How your state implements these reforms may have an impact on project recruitment and...more

Akerman LLP

Extension Of Four Valuable As-of-Right Incentive Programs Included In New York State's Omnibus Bill

Akerman LLP on

The State's new omnibus bill renewed and extended programs that abate real estate taxes, city corporate taxes, and sales taxes, and provide energy discounts to qualified applicants. Developers and businesses with new...more

Nexsen Pruet, PLLC

News & info from Burnie Maybank about economic development as well as state and local taxation in S.C.

Nexsen Pruet, PLLC on

Economic Development | State and Local Taxation - “Current GAAP has no explicit guidance on the accounting for, or the disclosure of, government assistance received by business entities. The amendments in this proposed...more

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