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The Business Energy Investment Tax Credit (ITC) is a U.S. federal corporate tax credit that is applicable to commercial, industrial, utility, and agricultural sectors. . Eligible technologies for the ITC are solar water heat, solar space heat, solar thermal electric, solar thermal process heat, photovoltaics, wind, biomass, geothermal electric, fuel cells, geothermal heat pumps, CHP ...
The Work Opportunity Tax Credit (WOTC) is a federal tax credit providing incentives to employers for hiring groups facing high rates of unemployment, such as veterans, youths and others. WOTC helps these targeted groups obtain employment so they are able to gain the skills and experience necessary to obtain better future job opportunities.
The United States Revenue Act of 1971 reinstated the investment tax credit, repealed the 7% automobile excise tax, and increased the minimum standard deduction from $1,000 to $1,300. Scheduled increases in the personal exemption amount and percentage standard deduction were accelerated.
Apr. 1—The state's angel investment tax credit was extended last month, a move supporters say creates certainty and gives those involved more time to build upon the credit in the years to come.
Under the bill, credits on qualified investments couldn't exceed 25% of the investment, or $62,500. Extending the credit would cost the state's general fund up to $2 million each additional year ...
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This year's tax package extended the deadline on the state's angel investment credit through 2030. Investors can get up to 25% back, no more than $62,500, on angel investments made before 2031.
The NMTC Program provides tax credits to investors for equity investments in certified Community Development Entities (CDEs), which invest in low-income communities. [2] [3] The credit equals 39% of the investment paid out over seven years (5% in each of the first three years, then 6% in the final four years). A CDE must have a primary mission ...