Tax Incentives
- Search: We intended this product to be simple and easy to use. Sort, filter, and query to find what you need in a non-boolean way.
- Funding: New funding is added as opportunities are released. The newest funding is listed at the top of the list to start. Sometimes, we find out about something the day it is due or several days before it is due. We will still add it to the list. We always welcome your input if you find funding for small businesses. Let us know.
- Eligibility: For Small Businesses ONLY. This database contains only Non-dilutive Funding opportunities for small businesses. We strongly recommend that you check with each funder regarding focus, fit, funding amounts, deadlines, and approach before applying.
| Name of Funder | Title | About | Eligibility Requirement | Due Date | Award Amount | Link to Funder |
|---|---|---|---|---|---|---|
| Tennessee Department of Revenue | Standard Job Tax Credit | A tax credit of $4,500 per job that can be used to offset a company’s franchise and excise tax liability. | Tennessee’s incentives are limited to the following types of companies: Headquarters — Administrative, research and development, planning, marketing, personnel, legal not manufacturing, distribution, wholesaling or call centers.Manufacturing — Principle business is fabricating or processing of tangible property for resale.Data Centers — Building or buildings, either newly constructed or remodeled, housing high-tech computer systems and related equipment.Warehousing and Distribution — Storage or distribution of finished tangible personal property. Does not include a location where tangible personal property is processed, manufactured, sold to customers or assembled.Call Centers — Uses telecommunications in customer service, soliciting sales, reactivating accounts, surveys or research, fundraising, collecting receivables, reservations, taking or receiving orders. | Rolling | Varies | See More Details Here |
| Tennessee Department of Revenue | Super Job Tax Credit | A $5,000 per job tax credit for either (a) companies making a capital investment of $100 million or more and creating a minimum of 100 new jobs paying at least 100% of Tennessee’s average occupational wage or (b) companies establishing or expanding a regional, national or international headquarters with a capital investment of $10 million or more and creating 100 HQ jobs paying at least 150% of Tennessee’s average occupational wage. | Tennessee’s incentives are limited to the following types of companies: Headquarters — Administrative, research and development, planning, marketing, personnel, legal not manufacturing, distribution, wholesaling or call centers.Manufacturing — Principle business is fabricating or processing of tangible property for resale.Data Centers — Building or buildings, either newly constructed or remodeled, housing high-tech computer systems and related equipment.Warehousing and Distribution — Storage or distribution of finished tangible personal property. Does not include a location where tangible personal property is processed, manufactured, sold to customers or assembled.Call Centers — Uses telecommunications in customer service, soliciting sales, reactivating accounts, surveys or research, fundraising, collecting receivables, reservations, taking or receiving orders. | Rolling | Varies | See More Details Here |
| Tennessee Department of Revenue | Industrial Machinery Tax Credit | A tax credit of 1% - 10% for the purchase, third-party installation and repair of qualified industrial machinery. | Tennessee’s incentives are limited to the following types of companies: Headquarters — Administrative, research and development, planning, marketing, personnel, legal not manufacturing, distribution, wholesaling or call centers.Manufacturing — Principle business is fabricating or processing of tangible property for resale.Data Centers — Building or buildings, either newly constructed or remodeled, housing high-tech computer systems and related equipment.Warehousing and Distribution — Storage or distribution of finished tangible personal property. Does not include a location where tangible personal property is processed, manufactured, sold to customers or assembled.Call Centers — Uses telecommunications in customer service, soliciting sales, reactivating accounts, surveys or research, fundraising, collecting receivables, reservations, taking or receiving orders. | Rolling | Varies | See More Details Here |
| Tennessee Department of Revenue | Enhanced Job Tax Credit | A tax credit that of $4,500 per job that is in addition to the Standard Job Tax Credit for companies that locate or expand in Tennessee counties designated as Tier 2 or Tier 3 Enhancement Counties, which are those with greater economic distress. | Tennessee’s incentives are limited to the following types of companies: Headquarters — Administrative, research and development, planning, marketing, personnel, legal not manufacturing, distribution, wholesaling or call centers.Manufacturing — Principle business is fabricating or processing of tangible property for resale.Data Centers — Building or buildings, either newly constructed or remodeled, housing high-tech computer systems and related equipment.Warehousing and Distribution — Storage or distribution of finished tangible personal property. Does not include a location where tangible personal property is processed, manufactured, sold to customers or assembled.Call Centers — Uses telecommunications in customer service, soliciting sales, reactivating accounts, surveys or research, fundraising, collecting receivables, reservations, taking or receiving orders. | Rolling | Varies | See More Details Here |
| Tennessee Department of Labor | On The Job Training (TDOL) | The Tennessee Department of Labor (DOL) offers reimbursement up to 50% of a new hire’s wages for up to six (6) months of their initial training. | Companies hiring new employees | Rolling | Varies | See More Details Here |
| Tennessee Entertainment Comission | Tennessee Entertainment Tax Credit and Sales Tax Credit Exemption Program | A Franchise and Excise Tax Credit is generated by payroll expenditures for all ATL/BTL , Resident/Non Resident and Talent services being performed in the State on a Qualified production. Standard Credit: For Tier 1 counties, the credit is limited up to 40% of qualified payroll expenses Enhanced Jobs Credit: For Tier 2, 3 and 4 counties, the credit is limited up to 50% of qualified payroll expenses Compensation Cap: First $1M in wages per qualified resident and non-resident position | Features, Episodic Television (scripted & Non-Scripted), Animation, Video Game Development, Audio + Visual Postproduction/VFX/ Music Scoring | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Business Privilege Tax Incentives | The tax rate for business privilege tax is graduated based on the entity’s federal taxable income apportioned to Alabama. The rates range from $0.25 to $1.75 for each $1,000 of net worth in Alabama. The minimum business privilege tax is $50. | This credit or exemption is offered to help encourage economic growth in areas considered to have depressed economies (see Sections 41-23-24 and 41-23-30, Code of Alabama 1975). To qualify for this incentive, a business must meet detailed requirements concerning site location and employee qualifications. | Rolling | $15,000 | See More Details Here |
| Alabama Department of Revenue | Chapter 9B Abatements | Under Chapter 9B of Title 40 (also known as the Tax Incentive Reform Act of 1992), cities, counties, and public industrial authorities have the authority to grant the following tax abatements for new and expanding qualifying projects (including upgrades):State sales and use taxes;Non-educational county and city sales and use taxes;Non-educational state, county, and city property taxes – up to 20 years (except data processing centers which can be abated for up to 30 years); andMortgage and recording taxes for which property is conveyed into or out of a public authority, city, or county government. | To receive an abatement of sales and use taxes, property taxes, and/or mortgage recording taxes under Chapter 9B of Title 40, Code of Alabama 1975, the law requires that certain actions must be taken by the private user, the granting authority, ALDOR, local taxing authorities, and/or the governor. | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Chapter 9C Abatements | Chapter 9C of Title 40 (also known as the Brownfield Development Projects) gives cities and counties the authority to abate the following taxes:Non-educational county and city sales and use taxes; andNon-educational state, county, and city property taxes – up to 20 years.To receive an abatement for any or all of these taxes, a project must meet certain qualifications and follow certain procedures as determined by law and regulation. | In order to qualify for the Chapter 9C (Brownfield) abatements, the property must be in the Alabama Department of Environmental Management’s voluntary cleanup program, and the company must have a voluntary cleanup plan that is approved by the Alabama Department of Environmental Management. | Rolling | Varies | See More Details Here |
| The City of Madison Alabama | Investment Credit | A credit of up to 1.5% of the qualified capital investment costs for up to 10 years. Credit can be taken against the Alabama income tax liability and/or utility tax liability. | Madison-based businesses investing capital | Rolling | Varies | See More Details Here |
| The City of Madison Alabama | Jobs Credit | Annual cash refund up to 3% of the previous year's gross payroll for up to 10 years. | Madison-based employers | Rolling | Varies | See More Details Here |
| Ecoomic Development Partnership of Alabama | Growing Alabama Credit | As part of the Alabama Renewal Act, the Growing Alabama Credit is an incentive to provide a source of funds for site preparation and public infrastructure improvements of existing industrial sites. At least 25% of the credit is reserved for Alabama counties targeted to spur economic development in rural areas. | businesses performing industrial site preparation | Rolling | Varies | See More Details Here |
| Ecoomic Development Partnership of Alabama | Industrial Development Grant | This authorizes the State Industrial Development Authority to sell bonds to make grants to counties, municipalities, local industrial development boards or authorities or economic development councils or authorities, airport authorities, port authorities or public corporations to pay for site preparation for land owned or possessed by lease by these entities. | businesses performing industrial site preparation | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Chapter 9G Abatements | Under Chapter 9G of Title 40 (also known as the Alabama Reinvestment Act of 2015), certain reinvestment projects may qualify for sales, use and property tax abatements on capitalized replacement equipment and property purchased for capitalized repairs, rebuilds, renovations, and maintenance if the property is acquired as part of any addition, expansion, improvement, renovation, re-opening, or rehabilitation of a facility existing facility, or replacement of any existing equipment or tangible personal property that qualifies as a “qualifying project.” While this incentive can be used for facility expansion and equipment upgrades, Chapter 9G abatements are primarily for those companies undertaking projects such as reopening a closed facility, refurbishing an existing facility and/or purchasing replacement equipment. | The project predominately involves an approved activity.You must invest at least $2 million in capital expenditures as part of any addition, expansion, improvement, renovation, re-opening, or rehabilitation of a facility, or replacement of any existing equipment or tangible personal property.No state project agreement has been or will be entered into with the governor for the provision of other incentives. | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Full Employment Act of 2011 | This is a one-time tax credit of $1,000 for each new job created by small businesses located in Alabama. The wages for the new job must be more than $10 per hour. The credit is not refundable or transferable but is available to owners of pass-through entities on a pro rata basis. The credit is allowed for income tax and for financial institution excise tax. An employer that qualifies for the Full Employment Act of 2011 Credit, must have an active My Alabama Tax (MAT) account, and must complete the precertification process that is required through MAT before the Full Employment Act of 2011 Credit can be claimed as an offset to tax on an Alabama income or excise tax return. | Alabama businesses with 50 or fewer employees | 4/15/2025 | Varies | See More Details Here |
| Charge Ready NY | Charge Ready NY | Charge Ready NY offers public and private organizations that install Level 2 EV charging stations at public parking facilities, workplaces, and multifamily apartment buildings rebates of $4,000 per charging port they install, a significant savings of 30% to 80%, depending on station and installation costs. An additional incentive of $500 per port may be awarded for eligible Level 2 charging equipment installed after December 10, 2020 within disadvantaged communities. | Public and private organizations that install Level 2 EV charging stations at public parking facilities, workplaces, and multifamily apartment buildings | Rolling | Varies | See More Details Here |
| Indiana Economic Development Corporation (IEDC) | Economic Development for A Growing Economy (EDGE) Tax Credit | This credit provides a tax benefit to companies creating net new jobs. EDGE awards are released on an annual basis over a period of ten years after a company first certifies to the IEDC its net new Indiana payroll achieved for that year. Employment figures included in the report represent the total number of employees anticipated to be hired over the term of the incentive agreement. The refundable corporate income tax credit is calculated as a percentage (not to exceed 100%) of the expected increased tax withholdings generated from new jobs creation | Companies creating net new jobs | Rolling | Varies | See More Details Here |
| Indiana Economic Development Corporation (IEDC) | Headquarters Relocation Tax Credit | The Headquarters Relocation Tax Credit was established to incentivize the relocation of corporate headquarters to Indiana. Qualifying projects must involve the relocation of the principal offices of a company’s principal executive officers. The credit amount is equal to 50% of a company’s qualifying relocation costs. | Businesses relocating to Indiana | Rolling | Varies | See More Details Here |
| Indiana Economic Development Corporation (IEDC) | Hoosier Business Investment (HBI) Tax Credit | The Hoosier Business Investment Tax Credit program is a job creation incentive. The purpose of the HBI program is to encourage companies to make significant new capital investment in Indiana spurring economic development. Hoosier Business Investment (HBI) Tax Credit provides a conditional incentive to a company making a sizeable capital investment in order to locate or grow in Indiana. Updates to the HBI tax credit expand qualified investment to capture modernized equipment used in today’s manufacturing and logistics sectors, including refurbished machinery, technology-integrated equipment, as well as 3D and other digital printing equipment. The credit is equal to a percentage (up to 10%) of a company’s eligible capital investment in Indiana. The HBI award may be carried forward for a period of up to years. | Any company making a sizeable capital investment in order to locate or grow in Indiana | Rolling | Varies | See More Details Here |
| State of Illinois - Department of Commerce and Economic Opportunity | Economic Development for a Growing Economy Tax Credit Program (EDGE) | Illinois’ EDGE program provides annual corporate tax credits to qualifying businesses which support job creation, capital investment and improve the standard of living for all Illinois residents. The non-refundable income tax credit is equal to 50% of the income tax withholdings of new job created in the state. This percentage increases to 75% if the business expansion project is located in an “underserved area” census tract. Additional credits are also available as reimbursement for qualifying training costs. Ten percent of eligible training costs of newly hired full-time employees positions at the project may also be included as part of annual credits. Qualifying credits are identified as costs incurred to upgrade the technological skills of Full-Time Employees in Illinois. Tax credits are is calculated on a case-by-case basis. | Illinois Businesses engaged in economic Development | Rolling | Varies | See More Details Here |
| Economic Development Partnership of North Carolina | R&D and Software Publishing Sales Tax Exemptions | Research and Development Activities for Physical, Engineering and Life Science Companies: Sales of equipment, or an attachment or repair part for equipment for companies primarily engaging in research and development activities in the physical, engineering, and life sciences, including in the industry group, 54171 NAICS code is exempt from sales and use tax. | NC small businesses involved in research and development | Rolling | Varies | See More Details Here |
| Empire State Development | Start-Up NY Program | START-UP NY helps new and expanding businesses through tax-based incentives and innovative academic partnerships. START-UP NY offers new and expanding businesses the opportunity to operate tax-free for 10 years on or near eligible university or college campuses in New York State. Partnering with these schools gives businesses direct access to advanced research laboratories, development resources and experts in key industries. | New businesses willing to partner with a college/research institute | Rolling | Varies | See More Details Here |
| Alaska Department of Revenue | Municipal Property Taxes Paid – AS 43.56.010 | Alaska entity paying property tax | Rolling | Varies | See More Details Here | |
| Alaska Department of Revenue | Veteran Employment Tax Credit – AS 43.20.048 | This credit is for corporate income taxpayers who employ qualified veterans in the state. The credit is $3,000 for hiring a disabled veteran, and $2,000 for a veteran who is not disabled, for at least 1,560 hours during 12 consecutive months after the employment date. For seasonal employment, the credit is $1,000 for hiring a veteran for at least 500 hours during the three consecutive months after the employment date. | Alaska business employing Veterans | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Targeted Business Tax Back Sales and Use Tax Refund (ACA §15-4-2706(e) | A new targeted business shall be eligible for a refund of state and local sales and use taxes for qualified expenditures identified in the project plan if the annual payroll of the business for Arkansas taxpayers is greater than one hundred thousand dollars ($100,000); and the business shows proof of an equity investment of at least two hundred fifty thousand dollars ($250,000). | Arkansas business in targeted industries | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Qualified Research (ACA §26-51-1102(b)) | Ark. Code Ann. § 26-51-1102(b) authorizes a credit against a taxpayer’s Arkansas corporate income tax or Arkansas individual income tax equal to thirty-three percent (33%) of the qualified research expenditures of a taxpayer in qualified research programs. To claim the credit, the taxpayer must show that the Arkansas Science and Technology Authority and the Department of Higher Education have approved the qualified research expenditure as a part of a qualified research program.To claim the credits authorized, attach to the tax return a copy of the Certificate of Tax Credit issued by the Arkansas Science and Technology Authority. | Arkansas business engaged in research | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Research & Development with Universities Tax Credit (ACA §15-4-2708(a)) | The Consolidated Incentive Act 182 of 2003, amended by Act 1596 of 2007, authorized an income tax credit to an eligible business that contracts with one or more Arkansas colleges or universities in performing research may qualify for a 33% income tax credit as authorized by ACA 26-51-1102(b) for qualified research expenditures. The income tax credit may be carried forward for three (3) years beyond the year in which the credit was earned. Effective July 31, 2007 Act 1607 of 2007 changed the carry forward to nine (9) years and increased the use of the credit from 50% to 100% of the net tax due after all other credits. In order to qualify for the income tax credit for research and development with universities, an eligible business must submit an application and project plan to the Arkansas Economic Development Commission. The Arkansas Science and Technology Authority will review the application for approval. | Arkansas business partnering with university for research | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Tourism Project Development Tax Credits (ACA §15-11-501 et seq.) | Sales Tax Credit: The sales tax credit is equal to 15% of all approved costs is allowed for the approved company; however the credit is equal to 25% if the business is located in a high-unemployment county. These credits may be used to offset that portion of the increased state sales tax liability during the first year if its tax liability is equal to or greater than the amount of credit issued. Unused credits may be carried forward for nine (9) years. All issued credit memorandum shall expire at the end of the month following the expiration of the agreement. | Arkansas business in high unemployment county | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Targeted Business Payroll Income Tax Credit (ACA §15-4-2709) | The benefit for a targeted business for job creation is an income tax credit based on 10% of its annual payroll, with a cap of $100,000 per year in earned income tax credits for a business that qualifies and is approved for this incentive. The incentive may be offered for a period not to exceed five (5) years. This targeted job creation income tax credit may include existing employees in the calculation of payroll to qualify for this benefit. | Arkansas business creating jobs | Rolling | $100,000 | See More Details Here |
| Arkansas Department of Finance and Administration | Waste Reduction and Recycling Equipment Credit (ACA §26-51-506) | Act 748 of 1991, as amended by Act 654 of 1993 authorizes an income tax credit equal to 30% of the cost of waste reduction, reuse, or recycling equipment, including the cost of installation of such machinery and equipment. To become eligible, the company must obtain a certification from the Arkansas Department of Environmental Quality stating that the taxpayer is engaged in the business of reducing, reusing, or recycling solid waste material for commercial purposes. The credit used for a taxable year may not exceed the individual or corporation income tax due. Any unused credit may be carried over for a maximum of three (3) consecutive years, unless the business is a qualified steel mill that has invested more than $200,000,000, and then the carry forward period is fourteen (14) years. | A taxpayer claiming the credit shall not be entitled to claim any other credit or deduction based on the purchase price of the equipment, except for the deduction for normal depreciation. | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Tax Back Sales and Use Tax Refund (ACA § 15-4-2706(d)) | The Consolidated Incentive Act 182 of 2003, as amended, provides for TaxBack Program sales and use tax refunds on the purchase of building materials and machinery and equipment to qualifying businesses that create new jobs as a result of construction, expansion, or facility modernization projects in Arkansas. This incentive program is available to all eligible businesses that meet the qualifications for investment and payroll thresholds for the county tier in which it locates or expands and are approved for benefits by the Arkansas Economic Development Commission. The approval is contingent upon receipt of a complete application and a local endorsement resolution for the city, county or both which authorizes the refund of its local taxes to the eligible company. To qualify, the eligible business must invest in excess of one hundred thousand dollars ($100,000) and meet the eligibility criteria of the Advantage Arkansas or the Create Rebate job creation incentive program. The refund of state sales and use taxes shall not include the refund of taxes dedicated to the Educational Adequacy Fund and the taxes dedicated to the Conservation Tax Fund. | ACA § 15-4-2706(d) as amended by Act 327 of 2019 states, to qualify for a refund, a qualified business shall meet the minimum investment thresholds for the tier in which the qualified business expands or locates. | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Targeted Business Tax Back Sales and Use Tax Refund (ACA §15-4-2706(e) | A new targeted business shall be eligible for a refund of state and local sales and use taxes for qualified expenditures identified in the project plan if the annual payroll of the business for Arkansas taxpayers is greater than one hundred thousand dollars ($100,000); and the business shows proof of an equity investment of at least two hundred fifty thousand dollars ($250,000). | After the Director of the Arkansas Economic Development Commission has determined that the project is eligible for the sales and use tax refund, this determination accompanied by the financial incentive agreement and any other pertinent documentation shall be forwarded to the Director of the Department of Finance and Administration. | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Rice Straw Tax Credit ACA §26-51-512 | Ark. Code Ann. 26-51-512, Act 2247 of 2005 allows for an income tax credit in the amount of $15.00 for each ton of rice straw in excess of 500 tons that is purchased by an Arkansas taxpayer who is the end user of the straw (person who purchases and uses the straw for processing, manufacturing, generating energy or producing ethanol). The amount of the credit is limited to 50% of the income tax due for the tax year. Unused credit may be carried forward for 10 consecutive tax years following the year in which the credit is earned. | Taxpayers using rice straw | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Motion Picture Incentives (ACA §15-4-2001 et seq.) | The Digital Product and Motion Picture Industry Development Act of 2009 as amended by Act 367 of 2019 and Act 797 of 2021 provides a rebate or tax credit to qualifying production companies that have been approved by the Arkansas Economic Development Commission. The rebate/credit is equal to 20% of production and post-production costs in connection with a state-certified film project. The tax credit has a five-year carry-forward and may be sold or transferred by the production company. Additionally, a 10% payroll rebate may be authorized for certain payroll of full-time Arkansas residents or Veterans. | Production company filming in Arkansas | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | In-House Research Income Tax Credit (ACA §15-4-2708(b)) | The Consolidated Incentive Act 182 of 2003, as amended by Act 1596 of 2007, authorizes an income tax credit to eligible businesses that conduct “in-house” research within a research facility that is operated by the eligible business. Prior to July 31, 2007, the credit allowed for approved in-house research is 10% of qualified expenditures. However, the maximum credit that can be earned by each qualified business shall not exceed $10,000 per tax year. | Arkansas business providing in-house research | Rolling | $10,000 | See More Details Here |
| Arkansas Department of Finance and Administration | In-House Research by Targeted Business Income Tax Credit (ACA §15-4-2708(c)) | The Consolidated Incentive Act 182 of 2003, as amended by Act 1596 of 2007, provides for income tax credits for businesses deemed by the Arkansas Economic Development Commission to fit within the six (6) business sectors classified as “targeted businesses” may enter into a financial incentive agreement for income tax credits based on qualified research and development expenditures. An eligible business may be approved for an income tax credit each year equal to 33% of the qualified research and development expenditures incurred each year for the first five (5) years of the financial incentive agreement. As with the job creation income tax credits for targeted businesses, the income tax credit for research and development earned by targeted businesses may be sold. The business must make application to the AEDC within one year of issuance. The credits can only be sold one time. Any unused credits may be carried forward for a maximum of nine (9) years. | Arkansas Business within one of the targeted industries | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Existing Workforce Training Act (ACA §6-50-701 et seq.) | To qualify, the business must be classified as one of the following: manufacturers classified in NAICS codes 31-33; computer firms primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing and data preparation services, or informational retrieval services, all of which must derive at least 75% of their revenue from out-of state sales; certain motion picture production businesses; certain intermodal facilities or distribution centers; certain office sector businesses; firms primarily engaged in commercial, physical, and biological research as classified under NAICS code 541710; certain national or regional headquarters classified under NAICS code 551114; certain scientific and technical services businesses; all building trade industries classified under NAICS codes 236 and 238; air transport businesses primarily engaged in aircraft maintenance, repair services, and aircraft testing as classified under NAICS code 488190; and certain nonretail businesses approved by the Director of the Arkansas Economic Development Commission. | Arkansas Business | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Equity Investment Tax Credit (ACA §15-4-3301) | Act 566 of 2007 provides an income tax credit to persons or companies investing in certain types of eligible businesses. Award of this credit shall be at the discretion of the Director of the Arkansas Economic Development Commission. The credit is equal to 33 1/3 % of the actual purchase price paid for the equity interest to the business. The credit is limited to 50% of the state income tax or premium tax liability of the taxpayer after all other credits and reductions in tax have been calculated. Any unused credits may be carried forward nine (9) years. | Arkansas Business | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Create Rebate Program (ACA §15-4-2707) | The Create Rebate program provides qualified businesses a financial incentive equal to 3.9 to 5 percent of the annual payroll of new full-time permanent employees. The program requires a minimum payroll of $2,000,000 within 24 months for the new full-time permanent employees hired after the date of the financial incentive agreement. The payroll rebate benefit can only be authorized at the discretion of the Director of the Arkansas Economic Development Commission and may be offered for up to ten (10) years. | Arkansas Business | Rolling | Varies | See More Details Here |
| Alaska Department of Revenue | Salmon and Herring Product Development – AS 43.75.035 | This credit is for eligible capital expenditures to expand value-added processing of Alaska salmon and herring. The credit is 50% of qualified investments up to 50% of the fisheries business tax liability incurred for processing salmon and herring during the tax year. The credit is not transferable, but it may be carried forward for three years. The statute is scheduled to sunset on Dec. 31, 2020. Herring products were added to the credit in 2014. | Alaska business processing salmon and/or herring | Rolling | Varies | See More Details Here |
| Arizona Department of Revenue | Renewable Energy Production Tax Credit | Note: The Renewable Energy Production tax credit is for a qualified energy generator that has at least 5 megawatts generating capacity and is not for a residential application | Arizona business | Rolling | Varies | See More Details Here |
| Arizona Department of Revenue | Health Insurance Premium Tax Credit | The Health Insurance Premium Tax Credit is a tax credit for a participating health insurance company that enrolls qualified small businesses who were not previously covered by health insurance. The credit amount is passed on to the small business in the form of reduced premiums. The credit is based on the total of $1,000 per year for single coverage and $3,000 per year for family coverage or 50% of the annual premium, whichever is less. | Arizona Business | Rolling | Varies | See More Details Here |
| Colorado Department of Labor and Employment | Federal Bonding Program | The Federal Bonding Program assists a job applicant in overcoming barriers to employment. It is a 6-month no cost fidelity bond for applicants who are denied coverage by commercial carriers due to their at risk background provided through a partnership between the US Department of Labor and CHUBB. A fidelity bond is provided to the employer free of charge and serves as an incentive to the company to hire a job applicant who is an ex-offender or has an at risk background in obtaining employment. It is a business insurance policy that protects the employer against financial loss due to theft, forgery, larceny or embezzlement caused by employee dishonesty. | Colorado Business | Rolling | Varies | See More Details Here |
| Colorado Department of Labor and Employment | Job Growth Incentive Tax Credit | Businesses that create at least 20 new jobs (5 new jobs if located in an Enhanced Rural Enterprise Zone) with wages at or above the average annual wage of the county where the project is located may receive a performance-based state corporate income tax credit. The credit is equal to 50% of FICA or payroll taxes the company pays for new hires. Credits may be claimed for up to 8 years and are non-refundable and may be made transferable for projects exceeding $100 million in capital investment. Unused credits may be carried forward for up to 10 years. | Colorado Business creating at least 20 new jobs in a designated area | Rolling | Varies | See More Details Here |
| State of Delaware | Delaware Research and Development Tax Credit | Effective for taxable years after December 31, 2003, a state credit against tax is allowed for amounts paid or incurred for research and development in accordance with IRC § 41, as modified by Delaware [Del. Code Ann.30 §2073] | Delaware Business | 9/15/25 | Varies | See More Details Here |
| Florida Department of Revenue | Capital Investment Tax Credit | This credit is available to businesses in a designated high-impact sector (e.g., silicon technology, transportation industries, or solar panel manufacturing facilities). The business must establish a qualified project which results in a cumulative capital investment of at least $25 million. The project must be certified by the Florida Department of Economic Opportunity. An annual credit may be claimed for up to 20 years in an annual amount up to 5% of the eligible capital costs generated by a qualifying project. | Business in a designated high-impact sector | Rolling | Varies | See More Details Here |
| Florida Department of Revenue | Community Contribution Tax Credit | A credit of 50% of a qualified community contribution (cash, property, or goods) to an eligible sponsor for a project, as defined in Section 220.03(1)(t), F.S., is allowable. The annual amount granted is up to $200,000 per business. The credit may be carried over for five years. | Business that has donated to a qualified community contribution | Rolling | Varies | See More Details Here |
| Florida Department of Revenue | New Markets Tax Credit | A credit equal to 39% of the purchase price of a qualified investment as defined in Section 288.9913(9), F.S. may be taken. The credit may be carried forward for five years. | Florida Business | Rolling | Varies | See More Details Here |
| State of Georgia | The Job Tax Credit | Our Job Tax Credit gives you a credit ranging from $1,250 to $4,000 per year for 5 years for every new job created. In certain areas, the credit can also lower your payroll withholding obligations. | Georgia business creating new jobs | Rolling | Varies | See More Details Here |
| State of Georgia | Port Tax Credit Bonus | If your company increases imports or exports through a Georgia port by 10% – and if you qualify for the Georgia’s Job Tax Credit or Investment Tax Credit – you're also eligible for the Port Tax Credit Bonus. To qualify, your base port traffic amount must equal at least 10 TEU (Twenty-Foot Equivalent) units. The 10% increase can be measured against the previous year or base year. | Georgia Business meeting export requirements | Rolling | Varies | See More Details Here |
| State of Georgia | Quality Jobs Tax Credit | Companies in all industries in Georgia can qualify for the Quality Jobs Tax Credit. If the jobs your company creates pay at least 10% above the average wage of the county in which they're located, they're considered “high-paying jobs,” and you may qualify for an even higher jobs tax credit. | Georgia Business paying 10% above average wage | Rolling | Varies | See More Details Here |
| State of Hawaii | Enterprise Zone Program | The Enterprise Zones (EZ) partnership is a joint state-county business effort to stimulate—via tax and other incentives—certain types of business activity, job preservation, and job creation in areas where they are most appropriate or most needed. The program includes: a seven year exemption from general excise taxes on gross proceeds; an 80% first year income tax abatement (decreasing 10% each year) and an income tax credit equal to 80% of unemployment taxes paid the first year (decreasing 10% per year). | Hawaii Business in designated area | Rolling | Varies | See More Details Here |
| State of Hawaii | Opportunity Zone Program | The recently passed Federal Tax Cuts and Jobs Act of 2017 authorized a community economic development program called the Opportunity Zones Program. This initiative provides incentives for investors to re-invest unrealized capital gains into Opportunity Funds in exchange for temporary tax deferral and other benefits. The Opportunity Funds will then be used to provide investment capital in certain low-income communities. | Hawaii Business in designated area | Rolling | Varies | See More Details Here |
| State of Hawaii | Hawaii Administrative Rules (HAR) Motion Picture, Digital Media, and Film Production Income Tax Credit | A joint state-county effort intended to stimulate—via tax and other incentives—certain types of business activity, job preservation and job creation in areas where they are most appropriate or most needed. Up to six zones can be designated per county. If a business (or a branch of business) is eligible and is located in an Enterprise Zones (EZ), it can reduce its state taxes and receive other county benefits for up to seven years by satisfying the EZ hiring and gross receipts requirements. | Hawaii Film Business | Rolling | Varies | See More Details Here |
| State of Hawaii | Research and Development Tax Credit | Hawaii allows a refundable credit against corporate or personal income tax for expenditures on research activities to qualified high technology businesses (businesses that conduct more than 50% of their activities in qualified research). The credit is generally based on the federal research credit allowed under IRC Sec. 41 and is available for years 2013 through 2024. Below is a summary of Hawaii's R&D Tax Credit: | Hawaii Business | Rolling | Varies | See More Details Here |
| State of Idaho | Tax Reimbursement Incentive | The Tax Reimbursement Incentive (TRI) is a performance-based incentive featuring a tax credit of up to 30% for up to 15 years on new state tax revenues generated by companies seeking to expand in or relocate to Idaho by adding new, qualifying jobs. | Idaho business | Rolling | Varies | See More Details Here |
| State of Idaho | Property Tax Exemption | Depending on the county, businesses investing at least $500,000 in new or existing non-retail, commercial or industrial facilities, may qualify for a full or partial property tax exemption for up to five years. | Idaho Business | Rolling | Varies | See More Details Here |
| State of Idaho | Idaho College Savings Program Employer Tax Credit | Employers are eligible to receive a 20% tax credit for contributions made to an employee’s IDeal college savings account. The tax credit is capped at $500 per employee, per taxable year. | Idaho Business | Rolling | Varies | See More Details Here |
| State of Idaho | 3% Investment Credit | An investment tax credit on all new depreciable, tangible, personal property (machinery and equipment) used in Idaho. | Idaho Business | Rolling | Varies | See More Details Here |
| State of Idaho | Idaho Business Advantage | If your business invests at least $500,000 in new facilities and creates at least 10 jobs paying at least $40,000 a year with benefits, you may qualify for a wide package of incentives, including tax credits, sales tax rebates, and property tax exemptions. | Idaho Business | Rolling | Varies | See More Details Here |
| State of Idaho | Data Center Sales Tax Exemption | New data centers choosing to locate in Idaho will be eligible for sales tax exemption on server equipment as well as construction materials used in the construction of the data center facility. | Idaho Data Center Business | Rolling | Varies | See More Details Here |
| State of Idaho | Workforce Development Reimbursements | Receive up to $3,000 in cash reimbursements for the training of new, full-time employees or for helping retain employees facing permanent layoff through workforce development training reimbursements. | Idaho Business | Rolling | Varies | See More Details Here |
| State of Illinois | Illinois Angel Investment Tax Credit | The Illinois Angel Investment Tax Credit Program encourages investment in innovative, early-stage companies to help obtain the working capital needed to further the growth of their company in Illinois. Investors in companies that are certified as Qualified New Business Ventures (QNBVs) can receive a state tax credit equal to 25% of their investment (up to $2 million). | Investors in certain qualified businesses | Rolling | $2,000,000 | See More Details Here |
| State of Illinois | Data Centers Investment Program | The data centers investment program provides owners and operators with exemptions from a variety of state and local taxes for qualifying Illinois data centers. The program also provides data center owners and operators with a tax credit of 20% of wages paid for construction workers for projects located in underserved areas. | Data centers in Illinois | Rolling | Varies | See More Details Here |
| State of Illinois | Illinois Opportunity Zone | Created as part of the Tax Cuts and Jobs Acts of 2017, Opportunity Zones provide an incentive for investors to invest in Opportunity Zones for a temporary tax deferral. Opportunity Zones are areas in Illinois that need investment to help create jobs and investment in areas that need it most. Opportunity Zones were created in 2018 through an analysis that included poverty rates, unemployment rates, total number of children in poverty, violent crime rate and population. | Illinois Business in designated area | Rolling | Varies | See More Details Here |
| State of Illinois | River Edge Redevelopment Zone | The River Edge Redevelopment Zone Program (RERZ) helps revive and redevelop environmentally challenged properties adjacent to rivers in Illinois. The River Edge Redevelopment Zone Act authorizes the Illinois Department of Commerce to designate zones in five cities: Aurora, East St. Louis, Elgin, Peoria and Rockford. | Illinois Business located on River's Edge | Rolling | Varies | See More Details Here |
| State of Indiana | Community Revitalization Enhancement District (CRED) Tax Credit | The credit is available to taxpayers that make qualified investments for the redevelopment or rehabilitation of property located within a revitalization district. Only those projects that the IEDC expects to have a positive return on investment will be considered. | Indiana Business | Rolling | Varies | See More Details Here |
| State of Indiana | Research Expense Credits | A taxpayer may be eligible for a credit on qualified research expenses. The potential value of the credit is equal to the taxpayer’s qualified research expense for the taxable year, minus the base period amount up to $1 million, multiplied by 15 percent. A credit percentage of up to 10 percent is applied to any excess of qualified research expense over a base period amount greater than $1 million. Additionally, for Indiana qualified research expenses incurred after December 31, 2009, an alternative method of calculating the credit is available. | Indiana Business | Rolling | Varies | See More Details Here |
| State of Indiana | Research & Development Sales Tax Exemption | Research and development equipment and property is defined as tangible personal property that has not previously been used in Indiana for any purpose and is acquired by the purchaser for the purpose of research and development activities devoted to experimental or laboratory research and development for new products, new uses of existing products, or improving or testing existing products. | Indiana Business | Rolling | Varies | See More Details Here |
| State of Indiana | Patent Income Tax Exemption | Certain income derived from qualified patents and earned by a taxpayer are exempt from taxation. The Tax Exemption for Patent-derived Income defines qualified patents to include only utility patents and plant patents. The total amount of exemptions claimed by a taxpayer in a taxable year may not exceed $5 million. | Indiana Business | Rolling | Varies | See More Details Here |
| State of Indiana | Redevelopment Tax Credit | The Redevelopment Tax Credit provides an incentive for investment in the redevelopment of vacant land and buildings as well as brownfields. This credit, established by Indiana Code § 6-3.1-34, provides companies and developers an assignable income tax credit for investing in the redevelopment of communities, improving quality of place and building capacity at the local level. | Indiana Business | Rolling | Varies | See More Details Here |
| Iowa Workforce Development | Employee Stock Ownership Plan (ESOP) Feasibility Study | Iowa incentivizes the creation of ESOPs to retain businesses. Companies with an ESOP can sell the business to its employees when the owners retire or start a new business. An ESOP allows owners to share equity with employees and provides a retirement plan for those employees.The Iowa Economic Development Authority (IEDA) helps Iowa business owners complete the first step of setting up an ESOP - a feasibility study conducted by an independent financial professional.Reimburses 50% (not to exceed $25,000) of the cost incurred to obtain a feasibility studyReimbursement is dispersed in two stages: half is released upon conclusion of the feasibility study and the remaining half after successful formation of the ESOP | EligibilityMust be an Iowa-based companyApplicants who have completed a feasibility study prior to applying are not eligibleRetail businesses are not eligibleBusiness structures other than corporations are not eligible; businesses that intend to become a corporation as part of a potential transition to an ESOP, may provide a letter of intent describing plans to incorporate | Rolling | Varies | See More Details Here |
| Iowa Workforce Development | New Jobs Tax Credit | This one-time, corporate income tax credit is available to participants in the New Jobs Training (260E) Program. Iowa offers this credit as an incentive for businesses that provide additional training to employees and expand their workforce.Maximum tax credit in 2024 is $2,292 per new employeeMaximum tax credit in 2025 is $2,370 per new employeeTax credit amount depends upon wages paid and the year in which the tax credit is first claimedUnused tax credits may be carried forward for up to 10 years | Must be entered in a New Jobs Training (260E) agreementMust commit to expand their Iowa employment base by 10% or more | Rolling | Varies | See More Details Here |
| Iowa Department of Revenue | New Jobs Tax Credit | Businesses entering into an agreement under the state's training program and increasing their workforce by at least 10% qualify for this credit to their Iowa corporate income tax. The credit is equal to 6% of the state unemployment insurance taxable wage base. The credit for 2021 is $1,944 per employee. The tax credit can be carried forward up to 10 years. | Iowa Business | Rolling | Varies | See More Details Here |
| Massachusetts Department of Revenue | Economic Opportunity Area Credit (EOAC) | The EDIP was designed to: Stimulate job creation in distressed areas; attract new businesses; encourage business expansion; and increase economic development in MA. The EOAC counts against taxpayers’ personal income tax or corporate excise liability. The credit is equal to 5% of the cost of the qualifying property purchased for business use. "Certified projects" and "economic opportunity areas" are designated by the Economic Assistance Coordinating Council (EACC). | Massachusetts businesses that are designated as “certified projects” within an economic opportunity area (EOA) | Rolling | Varies | See More Details Here |
| Massachusetts Department of Revenue | Investment Tax Credit | Corporations may earn a credit for the purchase or lease of “qualifying tangible properties,” which include: Tangible personal property; Other tangible property including buildings and structural components of buildings acquired by purchase. The maximum amount of credits, otherwise allowable to a corporation in any taxable year, may not exceed 50% of its excise. | Massachusetts corporations engaged in manufacturing, R&D, agriculture or commercial fishing | Rolling | varies | See More Details Here |
| Massachusetts Department of Revenue | Life Sciences Refundable Section 38M Research Tax Credit | A certified life sciences company subject to the corporate excise may also receive the research credit for a portion of its qualified research expenses under Massachusetts General Laws Chapter 63, Section 38M. For a certified life sciences company, if the research credit allowed exceeds the amount of the credit that may be claimed for the tax year, at the option of the taxpayer and to the extent authorized under the Life Sciences Tax Incentive Program, 90% of the balance of the remaining credits is refundable. | Certified Massachusetts life science companies engaged in research | Rolling | varies | See More Details Here |
| Massachusetts Department of Revenue | Life Sciences Research Tax Credit | A separate Life Sciences Research Credit may be available to a certified life sciences company for certain expenditures which don't qualify for the General Laws Chapter 63, Section 38M research credit. Qualified research expenditures include expenditures for research related to legally mandated clinical trial activities performed both inside and outside of Massachusetts. | Certified Massachusetts life science companies engaged in clinical trials | Rolling | varies | See More Details Here |
| Massachusetts Department of Revenue | Life Sciences Refundable Jobs Tax Credit | A certified life sciences company, to the extent authorized by the Life Sciences Tax Incentive Program, may receive the Life Sciences Refundable Jobs Tax Credit against its personal income tax or the corporate excise for tax years beginning on or after January 1, 2011. A taxpayer claiming the credit must commit to the creation of a minimum of 50 net new permanent full-time positions in Massachusetts. The Massachusetts Life Sciences Center, in consultation with the Department of Revenue, determines the amount of the Life Sciences Refundable Jobs Credit allowed to a taxpayer. | Certified Massachusetts life science companies | Rolling | varies | See More Details Here |
| Massachusetts Department of Revenue | Research Credit | Research Credit may be available to business corporations subject to the corporate excise that incurred “Massachusetts qualified research expenses” in Massachusetts. The credit closely parallels the federal research credit. Generally, “Massachusetts qualified research expenses” include: Wages paid to employees; A portion of wages paid to contractors; Amounts paid for supplies. The credit is only applicable if the services were performed for research purposes and the supplies were used to conduct research in Massachusetts. The credit is limited to the first $25,000 of corporate excise due, plus 75% of any excise due in excess of $25,000. | Certified Massachusetts life science companies involved in research | Rolling | varies | See More Details Here |
| Massachusetts Office Of Business Development | Economic Development Incentive Program Credit (EDIPC) | 06-21-2023 10:44:06 | Located in Massachusetts | Rolling | Varies | See More Details Here |
| Iowa Department of Revenue | No Sales and Use Tax on Machinery and Equipment | There is no property tax on industrial machinery, equipment and computers. Pollution control equipment is eligible for exemption from property tax. An application must be filed for exemption. | Iowa Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 3468: Investment Credit | The investment credit consists of the following credits: rehabilitation, energy, qualifying advanced coal project, qualifying gasification project, and qualifying advanced energy project. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 5735: American Samoa Economic Development Credit | To qualify for the American Samoa economic development credit, a corporation must meet the qualified production activities income (QPAI) requirement. A corporation meets this requirement if it has qualified production activities income | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 6478: Biofuel Producer Credit | Use Form 6478 (Rev. January 2020) to figure your section 40 biofuel producer credit for tax years beginning after 2017. You claim the credit for the tax year in which the sale or use occurs. The credit consists of the second generation biofuel producer credit. You may claim or elect not to claim the biofuel producer credit at any time within 3 years from the due date of your return (determined without regard to extensions) on either an original or an amended return for the tax year of the sale or use. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8826: Disable Access Credit | Eligible small businesses use Form 8826 to claim the disabled access credit. This credit is part of the general business credit. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8835: Renewable Electricity, Refined Coal, and Indian Coal Production Credit | Use Form 8835 to claim the renewable electricity, refined coal, and Indian coal production credit. The credit is allowed only for the sale of electricity, refined coal, or Indian coal produced in the United States or U.S. possessions from qualified energy resources at a qualified facility. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8846: Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips | Certain food and beverage establishments use this form to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips. The credit is part of the general business credit. | Food and Beverage establishment in the US | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8881: Credit for Small Employer Pension Plan Startup Costs | Eligible small employers use this form to claim the credit for qualified startup costs incurred in establishing or administering an eligible employer plan. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8882: Credit for Employer-Provided Child Care Facilities and Services | Employers use this form to claim the credit for qualified childcare facility and resource and referral expenditures. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8932: Credit for Employer Differential Wage Payments | An employer can use this form to claim the credit for employer differential wage payments made to qualified employees after 2008. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8994: Employer Credit for Paid Family and Medical Leave | Eligible employers use this form to figure the credit for paid family and medical leave for tax years beginning after 2017. | United States Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Angel Investor Tax Credit | The incentive is available to Louisiana businesses that are not involved in retail, real estate, professional services, gaming or gambling, natural resource extraction or exploration, or financial services, including venture capital funds. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Digital Interactive Media and Software Tax Credit | The incentive is open to all companies producing digital interactive media products or platforms in Louisiana. Certain exclusions apply, such as static internet websites or software primarily designed for internal use, which are non-qualifying. Only work physically performed in Louisiana and only direct development equipment purchased through Louisiana businesses qualifies for the incentive. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Enterprise Zone | The Enterprise Zone, or EZ program is a jobs incentive program that provides Louisiana income and franchise tax credits to a new or existing business located in Louisiana creating permanent net new full-time jobs, and hiring at least 50% of those net new jobs from one of four targeted groups. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Entertainment Job Creation | The Entertainment Job Creation Program provides a tax credit on annual W2 wages to approved entertainment companies (known as a Qualified Entertainment Company or “QEC”) that create well-paid jobs for Louisiana residents. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Louisiana Opportunity Zones | Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017. This new federal capital gains tax incentive program is designed to drive long-term investments to low-income communities. The new law provides a federal tax incentive for investors to re-invest their capital gains into Opportunity Funds, which are specialized vehicles dedicated to investing in designated low-income areas. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Research and Development Tax Credit | The Research and Development Tax Credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state by providing up to a 30% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement. | Louisiana research facilities | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Louisiana Innovation Retention Program | The Louisiana Innovation Retention Grant program (IRG) provides supplementary state support for research-focused Louisiana small businesses that have previously received a federal Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) grant | To be eligible, an applicant must:Have received a federal notice of a Phase I or Phase II SBIR/STTR award after June 15, 2022.Be a for-profit, privately owned business.Be headquartered (with a principal place of business) in Louisiana. | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Restoration Tax Abatement | The Restoration Tax Abatement (RTA) program provides an up-to ten-year abatement of property taxes (ad valorem) on renovations and improvements of existing commercial structures and owner-occupied residences located within economic development districts, downtown development districts, historic districts and opportunity zones. | Restoration Tax Abatement (RTA) is available to all Louisiana businesses and homeowners with existing structures to be expanded, restored, improved or developed in qualifying locations, and as approved by the local governing authority. If property taxes have been paid on improvements, a business or homeowner is not eligible to apply for the exemption. | Rolling | Varies | See More Details Here |
| Louisiana Entertainment | Digital Interactive Media and Software Program | Louisiana’s Digital Interactive Media and Software Program, statutorily known as Digital Interactive Media and Software Tax Credit — the strongest of its kind in the nation — is helping innovative digital media and software development companies of all sizes gain a competitive edge. | Louisiana entertainment businesses | Rolling | Varies | See More Details Here |
| Louisiana Entertainment | Motion Picture Production Program | For applications received on or after July 1, 2017, Louisiana's Motion Picture Production Program, statutorily known as Motion Picture Production Tax Credit, provides motion picture productions up to a 40% tax credit on total qualified in-state production expenditures, including resident and non-resident labor. For productions that opt to do VFX in Louisiana, there is also an additional 5% credit on the VFX spend if at least 50% of the VFX budget is expended for services performed in Louisiana by an approved QEC, or a minimum of $1 million in qualified VFX expenditures are made in Louisiana. | $50,000 minimum in-state expenditure requirement for Louisiana screenplay productions. $300,000 minimum in-state expenditure requirement on all other eligible productions. | Rolling | Varies | See More Details Here |
| Louisiana Entertainment | Live Performance Production Incentive Program | Whether you are launching a national or international concert tour, staging a new theatrical production, or a local non-profit hosting a series of performances over a twelve-month period, the Live Production Incentive Program, statutorily known as the Musical and Theatrical Production Income Tax Credit, will help you hit your mark. | Theatrical performances produced in Louisiana | Rolling | Varies | See More Details Here |
| Louisiana Entertainment | Sound Recording Incentive Program | The Sound Recording Incentive Program, statutorily known as Sound Recording Investor Tax Credit, provides an 18% tax credit for sound recording projects made in the State of Louisiana. Louisiana also offers some of the world's finest talent and recording studios to complement the attractive financial benefits of recording in state. Sound recording investor tax credits are issued as rebates. | The program incentivizes sound recording, defined as a recording of music, poetry or spoken-word performance made in Louisiana and produced in Louisiana in whole or in part. A $25,000 minimum in expenditures is required, with a $10,000 minimum expenditure requirement for Louisiana residents. | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Industrial Tax Exemption Program | The Louisiana Industrial Ad Valorem Tax Exemption Program (ITEP) is an original state incentive program, which offers an attractive tax incentive for manufacturers who make a commitment to jobs and payroll in the state. With approval by the Board of Commerce and Industry and local governmental entities, the program provides an 80% property tax abatement for an initial term of five years and the option to renew for five additional years at 80% property tax abatement on a manufacturer’s qualifying capital investment related to the manufacturing process in the state. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Live Performance Production Program | Whether you're launching a national concert tour or staging a new theatrical production, the Live Performance Production Program, statutorily known as the Musical and Theatrical Production Income Tax Credit, will help you hit your mark. Louisiana offers a unique tax incentive for musical and theatrical productions. Provides a 7% tax credit for certified Louisiana expenditures between $100,000 and $300,000. Provides a 14% tax credit for certified Louisiana expenditures between $300,000 and $1,000,000. Provides an 18% tax credit for certified Louisiana expenditures over $1,000,000. Provides an additional 7% tax credit for payroll expenditures to Louisiana residents. Program is subject to a $10 million cap per year (with 50% or $5 million being reserved for not-for-profit organizations). Projects are subject to a $1 million cap, per year. | Louisiana venue with live performances | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Music Job Creation Program | The Music Job Creation Program provides a tax credit on annual W2 wages to music industry related companies (known as a Qualified Music Company or “QMC”) that create well-paid jobs for Louisiana residents. The program provides a 10% credit for each new job whose QMC payroll is equal to or greater than $35,000 per year, up to $66,000 per year; and Provides a 15% credit for each new job whose QMC payroll is equal to or greater than $66,000 per year, but no greater than $200,000 per year | Louisiana business employing musicians | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Quality Jobs Tax Credit | Up to a 6% rebate on annual payroll expenses for up to 10 years and either a state sales/use tax rebate on capital expense or a 1.5 percent project facility expense rebate for qualifying expenses. *Limited time, expanded eligibility available for COVID-19 impacted retail businesses, hotels, and restaurants, refer to the eligibility section below. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Research and Development Tax Credit | The Research and Development Tax Credit encourages existing businesses with operating facilities in Louisiana to establish or continue research and development activities within the state. Provides up to a 30% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement. | Louisiana Business | Rolling | Varies | See More Details Here |
| Louisiana Economic Development | Restoration Tax Abatement | The Restoration Tax Abatement (RTA) program provides an up-to ten-year abatement of property taxes (ad valorem) on renovations and improvements of existing commercial structures and owner-occupied residences located within economic development districts, downtown development districts, historic districts, and opportunity zones. | Louisiana Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Agritourism Liability Insurance Credit | An agritourism business must be registered with the Department of Wildlife, Parks and Tourism to be eligible for the credit. For information and assistance regarding the establishment or operation of an agritourism activity, contact: http://www.travelks.com/industry/agritourism/contact-us. | Kansas Agrotourism Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Alternative Fuel Tax Credit | Any person, association, partnership, limited liability company, limited partnership, or corporation who owns and operates a qualified alternative-fueled motor vehicle licensed in the State of Kansas or who makes an expenditures for a qualified alternative-fuel fueling station during the tax year qualifies for an income tax credit. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Angel Investor Tax Credit | An income tax credit shall be allowed for an investor that makes a cash investment in the qualified securities of a qualified Kansas business. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Apprenticeship Tax Credit | For tax years 2023 through 2025, the credit amount for an employer that hires a qualified apprentice can claim a credit up to $2,500 for each apprentice employed, not to exceed 20 such credits for apprenticeships in any taxable year per eligible employer. Tax credit will be claimed for the taxable year in which the apprentice completed the probationary period. The credit shall not be awarded for employment of the same apprentice more than four times. For tax year 2026 and after, the credit amount for an employer that hires a qualified apprentice can claim a credit up to up to $2,750 for each apprentice employed, not to exceed 20 such credits for apprenticeships in any taxable year per eligible employer. Claim the credit on Form K-24. | Kansas business that employs a registered apprentice | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Business and Job Development Credit | The purpose of the business and job development credit is to provide tax incentives throughout the state which encourage businesses to create new jobs through capital investment projects involving the building of new facilities or the expansion or renovation of existing facilities. There are two different acts within the Kansas statutes which provide an income tax credit for those businesses which make an investment and create jobs as a result of that investment. The acts are the Job Expansion and Investment Credit Act of 1976 and the Kansas Enterprise Zone Act. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Business Machinery and Equipment Credit | The credit is 15 percent of the personal property tax levied for property tax years 2002, 2003, and 2004, 20 percent of the property tax levied for property tax years 2005 and 2006, and 25 percent of the property tax levied for property tax year 2007 and all such years thereafter, actually and timely paid on specific commercial and industrial machinery and equipment. | Kansas Business with qualifying purchases | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Commercial Restoration and Preservation Credit | A tax credit shall be allowed for any taxpayer for the costs and expenses incurred for the restoration and preservation of a commercial structure at least 50 years old and the costs and expenses for the installation of fire suppression materials or equipment if the structure does not receive credits pursuant to K.S.A. 79-32,211. The costs and expenses for the restoration and preservation of the commercial structure or fire supression materials/equipment must be equal to at least $25,000 and cannot exceed $500,000. The credit amount for both the restoration and preservation of the commercial structure and the installation of the fire suppression materials and equipment is 10% of the costs and expenses. Apply for this credit by submitting Form K-206 electronically and claim the credit on Form K-92. | Kansas taxpayer restoring/preserving a commercial structure at least 50 years od | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Child Day Care Assistance | The business must be an income or privilege taxpayer AND EITHER; provide a facility and the necessary equipment for child day care services for use primarily by its employees' children. (This may also be done in conjunction with other taxpayers.); OR, pay for or provide child day care services for its employees' children; OR, assist in locating child care services for its employees' children. The child care facility providing the services of caring for the employees' children must be licensed or registered by the Kansas Department of Health and Environment. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Community Service Contribution Credit | For taxable years beginning after Dec. 31, 1993 and before Jan. 1, 1999, any business firm which makes a cash contribution to an approved community service organization is allowed a credit against their tax liability. For taxable years beginning after Dec. 31, 1998, any business firm which makes a contribution to an approved community service organization is allowed a credit against their tax liability. For taxable years beginning after Dec. 31, 2000, the definition of business firm has been expanded to include individuals subject to the state income tax. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Eisenhower Foundation Credit | A resident individual, corporate or privilege taxpayer must make a contribution to the Eisenhower Foundation. Non-resident individual taxpayers do not qualify for the tax credit. | Kansas Business | Rolling | $50,000 | See More Details Here |
| Kansas Department of Revenue | Employer Health Insurance Contribution Credit | The credit is $70 per month per eligible covered employee for the first 12 months of participation, $50 per month per eligible covered employee for the next 12 months of participation and $35 per month per eligible covered employee for the next 12 months of participation. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | High Performance Incentive Program | You may download Schedule K-59 to claim the high performance incentive program credit. This schedule must be completed and submitted with the income or privilege tax return. You may also call the Department of Revenue voice mail system at 785-296-4937 to request Schedule K-59. You will be asked to give your name, address, phone number and form(s) you desire. Please allow two weeks for delivery of your forms. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Historic Preservation Credit | The credit is available to a qualified taxpayer that makes qualified expenditures to restore or preserve a qualified historic structure according to a qualified rehabilitation plan. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Promoting Employment Across Kansas Credit (PEAK) | A resident individual taxpayer that owns a qualified company under the PEAK program and materially participates in the business activities conducted at the relocated business facility, office, department or other operation of the qualified company shall be allowed a tax credit. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Purchases from Qualified Vendor Credit | Must be a certified business by the Department of Administration. The taxpayer must complete an application with the Kansas Department of Commerce and receive approval from Commerce. All purchases shall be certified annually by the Kansas Department of Commerce. The qualified vendor/certified business must pay minimum wage. | Kansas Business | Rolling | Varies | See More Details Here |
| Kansas Department of Revenue | Research and Development Tax Credit | Beginning in tax year 2013, this credit shall only be available to corporations that are subject to the Kansas corporate income tax, i.e. C corporations. This credit shall not be available to individuals, partnerships, S corporations, limited liability companies, and other pass-through entities. | Kansas Business | Rolling | Varies | See More Details Here |
| Kentucky Cabinet for Economic Development | Kentucky Business Investment (KBI) Program | Provides income tax credits and wage assessments to new and existing agribusinesses, headquarters operations, manufacturing companies, coal severing and processing companies, hospital operations, alternative fuel, gasification, energy-efficient alternative fuels, renewable energy production companies, carbon dioxide transmission pipelines and non-retail service or technology related companies that locate or expand operations in Kentucky. Projects locating in certain counties may qualify for enhanced incentives | Kentucky business in certain industries | Rolling | Varies | See More Details Here |
| Kentucky Cabinet for Economic Development | Kentucky Enterprise Initiative Act (KEIA) | For new or expanded companies engaged in manufacturing, non-retail service or technology activities, agribusiness, headquarters operations, coal severing and processing, hospital operations, alternative fuel, gasification, energy-efficient alternative fuels, renewable energy production companies, carbon dioxide transmission pipelines, or tourism attraction projects in Kentucky. KEIA provides a refund of Kentucky sales and use tax paid by approved companies for building and construction materials permanently incorporated as an improvement to real property. It is also available for Kentucky sales and use tax refunds for eligible equipment used for research and development, data processing equipment or flight simulation equipment. | Kentucky business in certain industries | Rolling | Varies | See More Details Here |
| Kentucky Cabinet for Economic Development | Kentucky Reinvestment Act (KRA) | Provides tax credits to existing Kentucky companies engaged in manufacturing, agribusiness, non-retail service or technology activities, headquarters operations, hospital operations, coal severing and processing, alternative fuel, gasification, energy-efficient alternative fuels, renewable energy, or carbon dioxide transmission pipelines on a permanent basis for a reasonable period of time that will be investing in eligible equipment and related costs of at least $2,500,000 for owned facilities and $1,000,000 for leased facilities (excluding rent). | Kentucky Business | Rolling | Varies | See More Details Here |
| Kentucky Cabinet for Economic Development | Kentucky Small Business Tax Credit | The KSBTC program is designed to encourage small business growth and job creation by providing a nonrefundable tax credit to eligible businesses hiring one or more eligible individuals and investing at least $5,000 in qualifying equipment or technology. With certain exceptions, most for-profit businesses with 50 or fewer full-time employees are considered eligible for this program. The KSBTC program has a limited allocation of available tax credits. | Small Business with 50 or less employees | Rolling | Varies | See More Details Here |
| Kentucky Cabinet for Economic Development | Angel Investment Tax Credit Program | The Kentucky Angel Investment Tax Credit offers a credit of up to 40 percent of an investment in Kentucky small businesses. Prior to investment, both the investor and small business must submit applications for certification. Each investment must be certified in advance, as well. Refer to the Kentucky Angel Investment Act Guidelines for program details and qualifying criteria. | Kentucky Business with an Investment | Rolling | Varies | See More Details Here |
| Kentucky Cabinet for Economic Development | Bluegrass State Skills Corporation Skills Training Investment Credit | Provides credit against Kentucky income tax to existing businesses that sponsor occupational or skills upgrade training programs for the benefit of their employees. | Kentucky Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Small Business Relief Tax Credit | Small businesses may claim a refundable tax credit for the accrued paid sick and safe leave for each employee earning paid sick and safe leave up to $500 per employee, or $7,000 per small business. | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Research and Development Tax Credit | The tax credit is equal to ten percent (10%) of eligible R&D expenses incurred during the taxable year in excess of the Maryland Base Amount. If the total credits applied for exceed the statutory caps, the business's R&D tax credit is prorated. The total statutory cap is $12 million with a small business set-aside of $3.5 million. A single applicant may not receive a tax credit exceeding $250,000. | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Regional Institution Strategic Enterprise (RISE) Zone Program | The purpose of RISE Zones is to access institutional assets that have a strong and demonstrated history of commitment to economic development and revitalization in the communities in which they are located. Qualified institutions and local governments develop a targeted strategy to use the institutional assets and financial incentives to attract businesses and create jobs within the zone. | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | One Maryland Tax Credit | The amount of income tax credit that a business will qualify for depends on the amount of capital investment it makes in the project and the number of new qualified jobs it creates in a 24 month period. | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | More Jobs For Marylanders | Tax credits are available to new and existing manufacturers that locate or expand in Maryland and create new manufacturing jobs and to non-manufacturers that locate or expand in Maryland Opportunity Zones. | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Maryland Opportunity Zone Enhancement Credits | Businesses can apply for Level 1 or Level 2 Enhancements. The credit amounts listed below are in substitution of, not in addition to, the credits the business may qualify for under each program. | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Job Creation Tax Credit | Provide an income tax credit of $3,000 per new job to a business that creates new full-time jobs. If the business locates in a revitalization area (state enterprise zone, federal empowerment zone, or DHCD Sustainable Community), the credit increases to $5,000 per new job. | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Hire Our Veterans Tax Credit | A Maryland employer may qualify for an income tax credit equal to 30% of up to the first $6,000 of wages paid to a qualified veteran employee during the first year of employment (i.e. a maximum of $1,800 per qualified veteran employee). | Maryland Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Biotechnology Investment Incentive Tax Credit (BIITC) | BIITC provides an investor with a refundable State income tax credit for an eligible investment in a Qualified Maryland Biotechnology Company (QMBC). The program supports investment in seed and early stage biotech companies to promote and grow the biotech industry in Maryland. | Maryland Biotechnology Business | Rolling | Varies | See More Details Here |
| Maryland Department of Commerce | Apprentice Employee Tax Credit | Eligible apprentices must have been employed by the taxpayer for at least 7 full months of the taxable year. For the first five apprentices claimed, a credit is allowed of $1,000 for apprentices employed through a youth apprenticeship program and $3,000 for eligible apprentices not employed through a youth apprenticeship program. This also allows a credit of $1,000 for apprentices beyond the first five claimed. The credit is limited to $15,000 for the taxable year, per taxpayer | Maryland business employing certain apprentices | Rolling | $15,000 | See More Details Here |
| Maryland Department of Commerce | Employer-Provided Long-Term Care Insurance Tax Credit | An employer, including organizations exempt from taxation under §501(c)(3) or (4) of the Internal Revenue Code, that provides long-term care insurance as part of an employee benefit package may claim a credit for costs incurred during the taxable year. The company must provide long-term care insurance benefits to one or more employees during the taxable year as part of an employee benefits package. The credit allowed is 5% of employer's cost which may not exceed the lesser of $5,000, or $100 for each employee in the State covered by long-term care insurance provided under the employee benefits package. If the credit is more than the tax liability, the unused credit may be carried forward for the next five (5) tax years. | Maryland employers proving long-term care insurance to employes as part of an employee benefit package | Rolling | $5,000 | See More Details Here |
| Maryland Department of Commerce | Disability Employment Tax Credit | Businesses that employ persons with disabilities may be eligible for a tax credit for wages paid to, and for childcare expenses and for transportation expenses paid on behalf of qualified employees. It may be taken for 2 years. First year: Wages - 30% of the first $15,000 paid in the first year for a maximum allowable credit of $4,500. Child care or transportation expenses - up to $1,500 of expenses paid in the first year. Second year: Wages - 30% of the first $15,000 of wages paid in the second year for a maximum allowable credit of $4,500. Child care or transportation expenses - up to $1,500 of expenses paid in the second year | Maryland employers hiring people with disabilities | Rolling | $9,000 | See More Details Here |
| Maryland Department of Commerce | Maryland Work Opportunity Tax Credit | The Work Opportunity Tax Credit is allowed for wages paid to an individual with barriers to employment who is employed in the State. The credit is limited to the lesser of (1) 50% of the federal Work Opportunity Tax Credit properly claimed on the employer’s federal income tax return for qualifying Maryland wages, excluding any amount carried back or forward from another taxable year, or (2) the State income tax imposed for that taxable year.The credit is calculated on Form 500CR. Line 2 through 5 of Part O calculate the portion of the federal credit that is attributable to the business's Maryland employees. The Maryland credit entered on line 6 is 50% of the federal credit attributable to Maryland. | Maryland employers that hire employees with barriers to employment, who qualify for the Federal Work Opportunity Tax Credit, and employs Maryland workers whose wages the employer uses to calculate the federal credit. | Rolling | varies | See More Details Here |
| Maine Department of Economic and Community Development | Employment Tax Increment Financing | If your business plans to hire 5 or more new, full-time employees over a two-year period, you may be eligible for ETIF. Retail-only and not-for-profit businesses are not eligible for ETIF. | Maine Business | 12/31/2025 | Varies | See More Details Here |
| Maine Department of Economic and Community Development | Pine Tree Development Zones | The Pine Tree Development Zone Program (PTDZ) offers eligible businesses the chance to greatly reduce, or virtually eliminate, state taxes for up to ten years when they create new, quality jobs in certain business sectors, or move existing jobs in those sectors to Maine. | Maine Businesses in certain business sectors | 1/1/2026 | Varies | See More Details Here |
| Maine Department of Economic and Community Development | Major Business Headquarters Expansion Program | This program is intended to encourage the location and expansion of major business headquarters, in the State of Maine, and to promote the recruitment and training of employees for these facilities. The location and expansion of major business headquarters, in Maine, will create high-quality jobs, benefit small businesses that supply goods and services to the major business headquarters and its employees, increase the tax base, and provide many other direct and indirect economic benefits to the State. | Maine Business | 1/2/2026 | Varies | See More Details Here |
| Maine Department of Economic and Community Development | Business Equipment Tax Relief Programs | The Business Equipment Tax Reimbursement (BETR) program is for equipment and property acquired between April 1, 1995 and March 31, 2007. The reimbursement rate is 100% for the first twelve years and falls incrementally to 50% at year 18 and all subsequent years. This program is no longer in effect for new property and equipment acquired, but ongoing participants can find more information and forms here. | Maine Business | 1/3/2026 | Varies | See More Details Here |
| Maine Department of Economic and Community Development | Technology Tax Credits | Maine offers tax credits and sales tax exemptions for businesses engaged in certain specialized areas. In general, R & D tax credits are based on federal IRS rules and applied for as part of a company’s state corporate tax return. Sales tax exemptions are applied either at the time of purchase using an Industrial Users Blanket Sales Tax Certificate of Exemption (PDF) or as a refund with the Refund Form (PDF). | Maine Business | 1/4/2026 | Varies | See More Details Here |
| State of Minnesota | Greater Minnesota Job Expansion Program | Greater Minnesota Job Expansion Program provides sales tax exemptions of up to 12 years to eligible existing businesses located in Greater Minnesota that meet eligibility requirements including specified job creation and wage level. | Minnesota Business; in operation at least 1 year; increasing emplopyment by at least 2 FTE (or 10% of the current number of employees); meeting prevailing wage guidelines and sells goods or services goods or services primarily outside Minnesota | Rolling | Varies | See More Details Here |
| State of Minnesota | Data Centers | Companies that build new data or network operation centers of at least 25,000 square feet and invest $30 million, or refurbish an existing center of at least 25,000 square feet and invest $50 million, qualify for sales tax exemptions for 20 years on computers and servers, cooling and energy equipment, energy use and software, and they pay no personal property tax ever. Companies have 48 months to complete a new center and 24 months to complete a refurbished center. | Minnesota companies that: build data or network operation centers of at least 25,000 sq. Ft. and invest at least $30M within 48 months; and/or companies that substantially refurbish data or network operation centers of at least 25,000 square feet and invest at least $50 million within 24 months | Rolling | Varies | See More Details Here |
| State of Minnesota | Research and Development Tax Credit | The tax credit for R & D expenditures is 10 percent, up to the first $2 million in eligible expenses, and 4% for expenses above that level. Qualifying expenses are the same as for the federal R&D credit - defined in Section 41 of the Internal Revenue Code - but must be for research done in Minnesota. Examples include R&D-related wages, supplies and research contracted outside your business. To claim the credit, the partner or shareholder must complete Schedule M1B, Business and Investment Credits, and include Schedule M1B and Schedule KPI or KS when filing his or her Minnesota income tax return. | Minnesota Business engaged in certain research and development (R&D) activities in Minnesota | Rolling | Varies | See More Details Here |
| State of Minnesota | Border Cities Enterprise Zone | The Border-Cities Enterprise Zone Program provides property tax credits, debt financing credit on new construction, sales tax credit on construction equipment and materials, and new or existing employee credits to qualifying businesses in the border cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, and Ortonville, as well as in the Development Zone of Taylor's Falls. | Minnesota Business existing in or locating in the in the Border-Cities Enterprise Zone cities of Breckenridge, Dilworth, East Grand Forks, Moorhead, Ortonville, and the Development Zone of Taylors Falls. | Rolling | Varies | See More Details Here |
| State of Minnesota | Tax Increment Financing | Cities, counties, and development authorities may use tax increment financing to help finance costs of real estate development to encourage developers to construct buildings or other private improvements and to pay for public improvements, such as streets, sidewalks, sewer and water, and similar public infrastructure improvements that are related to the development. | Minnesota Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Skills Training Income Tax Credit | Skills training tax credits are credits that can be applied to state income tax to reduce an employer’s income tax liability. These credits are earned by certain types of businesses that offer training to their employees in Mississippi. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Research and Development Skills Tax Credit | Research and Development Skills Tax Credits are credits equal to $1,000 per employee per year for a five-year period that can be used to reduce an eligible entity’s income tax liability. These credits are available for any position requiring research or development skills. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Property Tax Fee In Lieu | For new or expansion projects in the state that have a private capital investment in excess of $60 million, a negotiated fee can be set that is paid in place of the standard property tax levy. This incentive is provided to encourage development with local communities and must be agreed to by the local board of supervisors and municipal authorities prior to being awarded. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Property Tax Exemption for Broadband Technology | A property tax exemption is available for eligible telecommunications businesses on the purchase of equipment used in the deployment of broadband technology in the state. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Rural Economic Development Income Tax Credit | Rural Economic Development (RED) Credits are credits that can be used to reduce Mississippi corporate income tax. These credits are created based on the amount of bond-related debt service paid on industrial revenue bonds issued by the Mississippi Business Finance Corporation (MBFC). | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Property Tax Exemption on In-State Inventory | An exemption from property taxes on land, building and equipment is available and is valid for up to 10 years on property purchased with industrial revenue bond proceeds from bonds. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Sales and Use Tax Exemption for Businesses in Growth and Prosperity (GAP) Areas | The Growth and Prosperity (GAP) Program provides for a sales and use tax exemption to companies that locate or expand in areas of Mississippi designated as GAP counties. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Sales and Use Tax Exemption for Headquarters | A sales and use tax exemption is available for eligible businesses that create their national or regional headquarters in Mississippi, transfer their headquarters to the state or grow their existing headquarters operations in the state. This exemption applies to component building materials used in the construction or improvement of a facility, as well as the machinery and equipment used in the facility. A minimum of 20 new headquarters jobs must be created for a business to qualify for this exemption. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Research and Development Skills Tax Credit | Research and Development Skills Tax Credits are credits equal to $1,000 per employee per year for a five-year period that can be used to reduce an eligible entity’s income tax liability. These credits are available for any position requiring research or development skills. | Mississippi Business | Rolling | Varies | See More Details Here |
| Mississippi Economic Development | Advantage Jobs Program | This incentive is available to eligible businesses that promise significant expansion of the economy through the creation of jobs. The average of all jobs included in the program must meet the minimum average wage requirements. The program provides for a rebate of a percentage of Mississippi payroll to employers for a period of up to 10 years. | Mississippi Business | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Brownfield Remediation Program | As a means to redevelop contaminated commercial/industrial sites, this program provides financial benefits for remediation purposes. These projects must result in the creation of at least 10 new jobs or the retention of 25 jobs. | Missouri Business | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Missouri BUILD Program | This selective and competitive incentive is designed to support high-impact projects, offering Missouri tax incentives that stimulate both community and state economic growth. Through bond financing, the program provides funding for public or private infrastructure or new capital improvements at the project location. Companies enrolled in the BUILD program benefit from refundable state tax credits that match the annual debt service payments on the bonds, extending over a period of 10 to 15 years. | Qualification thresholds are as follows: • Manufacturing projects: 100 new jobs; $15 million in new capital investment • Non-manufacturing (e.g. office) projects: 500 new jobs; $10 million in new capital investment | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Chapter 100 Program | Chapter 100 authorizes cities and counties to issue industrial development bonds to finance a wide variety of commercial facilities and equipment, and to offer real and/or personal property tax abatement, sales tax exemption on construction materials, and/or sales tax exemption on tangible personal property. The terms and abatement percentages are typically determined at the local level. | Chapter 100 authorizes cities and counties to issue industrial development bonds to finance a wide variety of commercial facilities and equipment, and to offer real and/or personal property tax abatement, sales tax exemption on construction materials and sales tax exemption on tangible personal property. | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Chapter 353 Program | The Chapter 353 abatement is a local incentive tool designed to encourage the removal of blight through redevelopment in designated areas by providing real property tax abatement. Projects are reviewed by an Advisory Committee and recommended for approval or denial to the governing municipal council. The incentive can be granted on real property improvements for up to 100% of the improvements at a length of 25 years. | “Blighted areas” in Missouri. | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Intern and Apprentice Tax Credit | The Intern and Apprentice Recruitment Act (IARA) passed by the 2023 General Assembly in House Bill No. 417 allows eligible taxpayers to claim a tax credit against the taxpayer’s state tax liability for hiring interns or apprentices, provided eligibility criteria is met.Funding Limits:$1,500 tax credit per eligible Intern or Apprentice$9,000 maximum tax credit per year per eligible company$1 million program cap in tax credits per yearProgram Criteria:The total number of interns or apprentices employed for the tax year that the credit is claimed must exceed the average number of interns or apprentices employed over the previous 3 years.Interns must work a minimum of 60 hours per month for 2 consecutive months during the tax year for which the credit is claimed. Must be enrolled in a public or private Missouri institution and have a minimum of at least 30 credit hours.Apprentices must be participating in a qualified US Department of Labor apprenticeship program, must have completed one year in the apprenticeship program, and completed 144 hours of required technical instruction each year of the apprenticeship and a minimum of 2,000 hours of on-the-job training throughout the entire apprenticeship. | Eligible Applicant Entities:Individual [Business Owner]FirmPartner in a firmCorporationPartnershipShareholder in an S corporationMember of a limited liability company | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Data Center Sales Tax Exemption Program | The Data Center Sales Tax Exemption Program incentivizes data center development with a Missouri sales tax credit on construction materials, machinery, equipment, and utilities. Benefits include state and local sales tax exemption, with eligibility depending on new or expanded facilities. | Developing data centers in Missouri | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Automotive Incentives | Missouri’s new automotive incentives grant up to $25 million in tax credits to automotive manufacturers that invest $500 million in plant upgrades, while agreeing to retain current workers, and then an additional $25 million in tax credits if they invest another $250 million. | Automotive manufacturers | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Business Use Incentive for Large Scale Development | To help companies embark on major investment and job creation expansions, provides low-interest loans to qualified borrowers through the issuance of tax-exempt revenue bonds for the acquisition, construction, and equipping of qualified manufacturing production facilities and/or equipment. | Missouri Business | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Enhanced Enterprise Zone Tax Credit | Businesses with an existing award of tax credits through the Enhanced Enterprise Zone program seeking to gain access to those benefits should submit the Annual Tax Credit Application to the department no later than the end of the tax year immediately following the tax year for which they are seeking benefits. | Missouri Business | Rolling | Varies | See More Details Here |
| Missouri Department of Economic Development | Missouri Works | As the state’s number one incentive tool for expansion and retention, this program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri. | Missouri Business | Rolling | Varies | See More Details Here |
| Connecticut Department of Economic and Community Development | Connecticut Enterprise Zone Program | By constructing, expanding or renovating facilities in Enterprise Zones, companies may receive a five-year 80% abatement of local property taxes on qualifying real estate and personal property (machinery and equipment)—the investment must be new to the municipality’s Grand List as a direct result of a business expansion and/or renovation. The business must first submit a formal request through the local economic development office of the municipality in order to obtain a Preliminary Questionnaire. | Connecticut companies involved in manufacturing, research, associated with manufacturing and distribution warehousing (new construction/expansion only), as well as certain service companies, that develop properties in an Enterprise Zone | Rolling | Varies | See More Details Here |
| Connecticut Department of Economic and Community Development | Accumulated R&D Tax Credit Expansion Program | Businesses that have a capital project, either planned or underway, that will increase employment, expand the business or generate substantial returns to the state economy may be able to accumulate unused tax credits until they can better benefit the business. Expansion or innovation plans must generate at least 50 new jobs in Connecticut; and/or require capital expenditures of $5 million or greater. | Connecticut businesses that employ more than 10 people | Rolling | Varies | See More Details Here |
| Connecticut Department of Economic and Community Development | State Opportunity Zone Enhancements | Various state agencies will prioritize or extend state incentives or credits for site investment, remediation, rehabilitation, or investing other hard costs in sites within Opportunity Zones. These include the Historic Preservation Credit and the Urban and Industrial Site Reinvestment Credit, among others. This program allows for a dollar-to-dollar corporate tax credit of up to 100% of capital investment on eligible projects with a minimum investment of $5 million in distressed communities and $50 million in all other communities. | Connecticut businesses with capital projects in Opportunity Zones | Rolling | varies | See More Details Here |
| Connecticut Department of Economic and Community Development | Urban/Industrial Sites Reinvestment Tax Credit | Companies can earn a corporate tax credit of up to 100% for an investment, up to a maximum of $100 million if locating in an urban area or on an industrial site. The minimum investment is: $5 million in distressed communities, $2 million for a historic preservation facility redeveloped for mixed use, or $50 million in all other communities. The amount of credits offered is based on the department’s extensive due diligence process. | Connecticut companies generating substantial new economic activity and/or returning properties to viable business condition | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Fixed Capital Investment Tax Credit | A tax credit may be applied against the tax imposed under Chapter 208 of the Connecticut General Statutes for amounts paid or incurred by a corporation for fixed capital. The tax credit amount is 5% of the amount paid or incurred by a corporation for any new fixed capital investment. No corporation claiming this tax credit shall claim any other tax credit against any tax with respect to the same investment. | Fixed capital means any new tangible personal property that meets all of the following criteria:It must have a class life of more than four years;It must have been purchased from someone other than a related person;It is not leased or acquired to be leased to another person within 12 months of purchase; andIt will be held and used in Connecticut by a corporation in the ordinary course of the corporation’s trade or business in Connecticut for a period of not less than five full years following its purchase. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Machinery and Equipment Expenditure Tax Credit | A tax credit equal to 5% of the incremental increase in expenditure for machinery and equipment is available if the corporation employed between 251 and 800 full-time, permanent employees whose wages, salaries, or other compensation is paid in Connecticut. A tax credit equal to 10% of the incremental increase in expenditures for machinery and equipment is available if the corporation employed not more than 250 full-time, permanent employees whose wages, salaries, or other compensation is paid in Connecticut. | Corporations that have no more than 800 full-time, permanent employees in Connecticut. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Urban and Industrial Site Reinvestment Tax Credit | DECD may register managers of funds and community development entities created for the purpose of investing in eligible urban reinvestment projects and eligible industrial site investment projects. Any fund manager or community development entity will have its primary place of business in Connecticut. Any fund manager registered under the Insurance Reinvestment Fund tax credit on or before July 1, 2000, will be eligible to serve as a fund manager for purposes of this tax credit. | his tax credit may be applied against the taxes imposed under:Chapter 207 (Insurance Companies and Health Care Centers Taxes);Chapter 208 (Corporation Business Tax);Chapter 208a (Unrelated Business Income of Nonprofit Corporations Tax);Chapter 209 (Air Carriers Tax);Chapter 210 (Railroad Companies Tax);Chapter 211 (Community Antenna Television Systems and One-Way Satellite Transmission Business Tax);Chapter 212 (Utility Companies Tax); andSection 38a-743 (Surplus Lines Brokers Tax). | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Workforce Housing Opportunity Development Tax Credit | Legislation establishes a workforce housing opportunity development program to be administered by the Department of Housing under which individuals or entities who make cash contributions to an eligible developer for an eligible workforce housing opportunity development project located in a federally designated opportunity zone may be allowed a credit against certain taxes. The legislation caps the total amount of credits allowed per fiscal year at $5 million. The legislation is effective June 1, 2024. | Eligible developer or developer means:A nonprofit corporation approved by DOH;Any business corporation incorporated that has as one of its purposes the construction, rehabilitation, ownership or operation of housing, and either certified or that has articles of incorporation approved by DOH;Any partnership, limited partnership, limited liability partnership, joint venture, trust, limited liability company or association, that has as one of its purposes the construction, rehabilitation, ownership or operation of housing, and either certified or that has basic documents of organization approved by DOH;A housing authority approved by DOH; orA municipal developer. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | ABLE Account Contributions | Achieving a better life experience account or ABLE account means an account established and maintained for the purposes of paying the qualified disability expenses related to the blindness or disability of a designated beneficiary.Designated beneficiary means any eligible individual who is the owner of an ABLE account established under a qualified ABLE program.The credit amount equals the amount of the contributions made by the taxpayer into the ABLE accounts of employees of such taxpayer during the income or taxable year.The credit amount allowed with respect to a specific employee must not exceed $2,500 for any income or taxable year. | Employers paying into ABLE accounts | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | JobsCT tax rebate program established | Under this program, qualified businesses that create jobs in this state may be allowed a tax rebate, which shall be treated as a credit against the tax imposed under Chapter 208 (Corporation Business Tax) or 228z (Pass-Through Entity Tax) or as an offset of the tax imposed under Chapter 207 (Insurance Companies and Health Care Centers Taxes) for reaching certain job creation targets. The rebate is based on the number of new full-time equivalent employees (FTEs) the business creates and maintains, the FTEs’ average wage, and the state income tax that would be paid on this average wage for a single filer. This rebate program is effective for income years beginning on or after January 1, 2023. | CT employers creating jobs | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Apprenticeship Training Tax Credit in Manufacturing, Plastics, Plastics-Related, or Construction Trades | orporations subject to the Corporation Business Tax may earn a credit for employing apprentices in the manufacturing, plastics, plastics-related, or construction trades. Credits earned by these corporations may be applied against the taxes imposed under the Corporation Business Tax (Chapter 208). Pass-Through Entities may earn the tax credit for employing apprentices in manufacturing trades and apply it against the Pass-Through Entity Tax (Chapter 228z) for tax years beginning on and after January 1, 2022. The tax credit earned by these businesses had previously been assigned and applied against the taxes imposed under Chapter 208 (Corporation Business Tax), Chapter 212 (Utility Companies Tax), and Chapter 227 (Petroleum Products Gross Earnings Tax). Only Apprenticeship Training tax credits earned for manufacturing trades may be applied against the Pass-Through Entity Tax. | Corporations and Pass-Through Entities claiming this tax credit must have a qualified apprenticeship training program that is:Certified in accordance with regulations adopted by the Connecticut Department of Labor (CTDOL); andRegistered with the Connecticut State Apprenticeship Council. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Digital Animation Tax Credit | A Digital Animation tax credit is available to state-certified digital animation production companies that engage in digital animation production activities on an on-going basis. This tax credit is administered by the Connecticut Department of Economic and Community Development (DECD). Any digital animation production company interested in obtaining this tax credit must apply to DECD. This tax credit may be applied to the taxes imposed under Chapter 207 (Insurance Companies and Health Care Centers Taxes) and Chapter 208 (Corporation Business Tax) of the Connecticut General Statutes. Any digital animation production company receiving a digital animation tax credit shall not be eligible for or receive the film production tax credit. | State-certified digital animation production companies | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Film Production Tax Credit | A Film Production tax credit is available to any eligible production company which produces a qualified production and incurs qualified production expenses or costs. This tax credit is administered by the Connecticut Department of Economic and Community Development (DECD). Only production expenses or costs incurred in Connecticut qualify for this tax credit. This tax credit may be applied against the taxes imposed under Chapter 207 (Insurance Companies and Health Care Centers Taxes), Chapter 208 (Corporation Business Tax), and Chapter 211 (Community Antenna Television Systems and One‑Way Satellite Transmission Businesses Tax). For income years commencing on or after January 1, 2022, the credit may also be applied against the tax imposed under Chapter 219 (Sales and Use Tax). | A company is eligible for this tax credit if it:Conducts at least 50% of principal photography days within the state;Expends at least 50% of postproduction costs within the state; orExpends $1 million or more in postproduction costs in this state. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Film Production Infrastructure Tax Credit | tate-certified project means an infrastructure project undertaken in this state by an entity that:1) is in compliance with the adopted regulations; 2) is authorized to conduct business in this state; 3) is not in default on a loan made by that state or a loan guaranteed by the state, nor has ever declared bankruptcy under which an obligation of the entity to pay or repay public funds was discharged as a part of such bankruptcy; and 4) has been approved by DECD as qualifying for this tax credit. Eligible expenditures includes all expenditures for a capital project to provide buildings, facilities, or installations, whether a capital lease or purchase, together with necessary equipment for a film, video, television, digital production facility or digital animation production facility; project development, including design, professional consulting fees and transaction costs; development, preproduction, production, post-production and distribution equipment and system access; and fixtures and other equipment. | A tax credit is available to any taxpayer that invests in a state-certified entertainment infrastructure project. This tax credit is administered by the Connecticut Department of Economic and Community Development (DECD). Any entity interested in obtaining this tax credit must apply to DECD. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Accredited Theater Production | For income or taxable years commencing on or after January 1, 2024, any production company that receives a final accredited theater production certificate may be allowed a credit equal to 30% of the production and performance expenditures of the accredited theater production. This tax credit is administered by the Connecticut Department of Economic and Community Development (DECD). | Accredited theatres | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Research and Experimental (Incremental) Expenditures | A tax credit may be applied against the tax imposed under Chapter 208 (Corporation Business Tax) for the incremental increase in research and experimental expenditures conducted in Connecticut. | Research and experimental expenditures as defined in §174 of the Internal Revenue Code of 1986, as amended, include but are not limited to:Expenditures incurred in connection with the taxpayer’s trade or business that represent research and development costs in the experimental or laboratory sense;All costs incident to the development or improvement of a product, including any pilot model, process, formula, invention, technique, patent, or similar property. The product can be used by the corporation in its trade or business or can be held for sale, lease, or license; orCosts of obtaining a patent, such as attorneys’ fees expended in making and perfecting a patent application. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Neighborhood Assistance Act Program Tax Credit | A tax credit under the Neighborhood Assistance Act (NAA) tax credit program may be earned by business firms that make cash investments of at least $250 to certain community programs. The cash investments must be made in a community program that is proposed and conducted by a tax exempt or municipal agency and must be approved both by the municipality in which the program is conducted and the Department of Revenue Services (DRS). | Any business entity authorized to do business in Connecticut and subject to the taxes imposed under Chapters 207, 208, 209, 210, 211, 212, or 213a of the Connecticut General Statutes. For purposes of a business entity subject to the provisions of Chapter 213a of the Connecticut General Statutes, the tax credit earned by such entity may be used by the members or partners of such entity that are subject to tax under Chapter 208 of the Connecticut General Statutes. | Rolling | Varies | See More Details Here |
| Connecticut State Department of Revenue Services | Youth Development Organization Contribution | Legislation authorizes a new tax credit for cash contributions made to a youth development organization to fund programs such as after-school tutoring, mentoring programs and workforce preparedness training. The credit is only available for income or taxable years commencing on or after January 1, 2024, and prior to January 1, 2026. This legislation is effective January 1, 2024. | Youth development organization means a nonprofit organization that is exempt from taxation pursuant to Section 501(c)(3) of the Internal Revenue Code that:Provides evidence-supported interventions to high-risk youth to improve school and family engagement; andOffers skills development, transitional employment, job placement, and support to assist young adults to be employed and self-sufficient. | Rolling | Varies | See More Details Here |
| City of New London | Enterprise Zone Program | This State of Connecticut Department of Economic and Community Development monitored program provides tax incentives for manufactures and certain commercial sector businesses locating within the enterprise zone. Some of those incentives and benefits are: a five-year, 80% exemption of local property taxes on qualifying real and personal property. a ten-year, 25% credit on the State's corporate business tax for eligible businesses. an exemption from state real estate conveyance taxes. The Local New London Enterprise Zone program offers property owners undertaking improvements on commercial and residential structures a seven year graduated tax exemption of the increased taxes resulting from real property improvements. All new construction projects are considered as improvements under this program. | New London businesses in enterprize zones | Rolling | Varies | See More Details Here |
| Michigan Economic Development Corporation | State Essential Services Assessment Exemption and Alternative Program | The State Essential Services Assessment is required for manufacturers that do not pay personal property tax on eligible manufacturing personal property. The state may choose to exempt or reduce the Assessment for projects that create jobs and/or private investment in Michigan through the State Essential Services Assessment (SESA) Exemption or the Alternative State Essential Services Assessment Incentive. Considerations for granting a SESA Exemption or Alternative shall include: out-of-state competition; net positive return to the state; level of investment; reuse of facilities; job creation and retention; use of Michigan suppliers. | Michigan Manufacturers | Rolling | Varies | See More Details Here |
| Nebraska Department of Economic Development | Imagine Nebraska | ImagiNE Nebraska is the redesigned incentives portfolio (replaces Nebraska Advantage Program) for large and small businesses. Businesses qualify by adding full-time equivalent employee (5-250) and investing in Nebraska. Amount of credit is based on the number of jobs created, amount of investment, and project location. Credits may be used against certain Nebraska taxes such as sales and use tax, withholding, income, and as repayment on DED, job training, or infrastructure loans. | Nebraska businesses | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Alternative Energy Production Credit | A tax credit for 35% of the eligible costs, reduced for any grants provided by state or federal governments. This credit may only be taken against taxes due for: Manufacturing plants in Montana producing alternative energy generating equipment, A new facility or the expanded portion of an existing facility powered by the alternative energy generating equipment on a direct contract sales basis, or The alternative energy generating equipment being claimed in the credit. | Montana Business with qualifying expenditures | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Apprenticeship Tax Credit | Beginning in tax year 2018, Montana employers may apply for a tax credit for every new position hired where the worker is offered on-the-job training through the Montana Registered Apprenticeship Unit. | Montana Business | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | College Contribution Credit | Contributions to a general endowment fund of: The Montana University System foundations, Montana private colleges, Community colleges, Tribal colleges, Or one of their foundations | Montana Business | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Contractor's Gross Receipt Credit | The Contractor's Gross Receipts credit is for a people and businesses doing work under public contracts and paying the Contractor's 1% Gross Receipts Tax (CGR). You can also claim a refund for personal property taxes and certain fees paid on assets used in their contracting business by submitting Contractor's Gross Receipts Application for Refund of Personal Property Taxes and Motor Vehicle Fees Paid (Form CGR-3). | Montana Business | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Dependent Care Assistance Credit | Expenses paid or incurred for one of the following: Providing dependent care assistance by a registered or licensed daycare provider to an employee or on an employee's behalf. Providing information and referral services to help employees with getting dependent care. | Montana Business | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Emergency Lodging Credit | Must be a licensed establishment. Credit will apply for up to 5 days per calendar year. | Montana Business providing short-term emergency lodging | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Empowerment Zone Credit | To qualify, a business must increase employment within the empowerment zone from employees who Work at least 1,750 hours per year in permanent employment intended to last at least 3 years, Were not employed in the business within the preceding 12 months, At least 35% are residents of the county at the time of their employment, Are provided a health benefit plan of which at least 50% of the premium is paid by the employer, Are paid for job duties performed at the location inside the empowerment zone | Montana business in a qualified empowerment zone | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Innovative Education Program Credit | The credit is equal to the amount of the donation up to $150. Credits are available on a first-come, first-served basis until the total credits claimed reaches the threshold for the year. The threshold for tax year 2021 is $3 million. | Montana Business | Rolling | Varies | See More Details Here |
| Montana Department of Revenue | Trades Education and Training Credit | The Trades Education and Training Credit (TETC) is a Montana state tax credit available to employers who pay for education and training of employees in designated trade professions. It incentivizes workforce development by reimbursing a portion of qualified educational expenses for eligible employees engaged in skilled trades. | Employer Requirements: Must incur out-of-pocket expenses for education or training of employees in an eligible trade.Employee Requirements:Must work or be expected to work in a trade profession in Montana for at least 6 months of the year the training occurs.Must be employed in one of the qualified trade professions (see list in the document; includes electricians, welders, medical technicians, truck drivers, IT professionals, etc.).Training Criteria:Must be delivered by a third party.Can be in-person (employer or trainer travels), on-site, or online (must be interactive and include proof of completion).Must not be paid for using grant funds or claimed as another deduction. | Rolling | $25,000 | See More Details Here |
| Montana Department of Commerce | Job Growth Incentive Tax Credit | The job growth incentive tax credit encourages the growth of high-paying, Montana-based jobs. The credit applies to certain industries and offers a tax credit equal to 50% of employer-paid payroll taxes for qualifying new employees. Review below to help determine your eligibility and learn more about the tax credit, or click here to go directly to the application. | In order to qualify for the JGTC, you must answer yes to ALL of the following questions:Has your business hired at least five new employees in Montana during the tax year?Of these newly hired employees, did they work six months or more in 2022 and have a wage over $50,000 per year?Qualifying new employees for the credit must be hired in the tax year, employed for at least six months, be paid over $50,000, and receive the same benefits offered to other employees.Were the qualifying employees hired toward a Montana-based project that will encourage, promote and stimulate economic development?Qualifying projects are in the construction, natural resources, mining, agriculture, forestry, manufacturing, transportation, utilities or outdoor recreation sectors.Did your business hire more qualifying new employees in 2022 than the level of full-time equivalents in 2021?The first time the JGTC is claimed, your business must have grown by at least five net employees, or 10 net employees for projects in counties with populations of more than 20,000.An FTE is equal to 2,080 work hours, or one person working 40 hours per week, 52 weeks per year.Net Employee Growth = (Qualifying new employees) - (2021 FTE level) | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Business Equipment Exemption | Businesses receive an automatic $1 million tax exemption, reducing their property tax liabilities. | Montana businesses purchasing equipment | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Entrepreneur Magnet Act | Exempts qualifying businesses from paying state capital gains tax on the sales of employee-owned stock. | Montana businesses paying capital gains tax | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Infrastructure User Fee Credit | A non-refundable credit of up to $10,000 is available to people/businesses making charitable donations to a qualified endowment. | Montana businesses making a charitable endowment | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Research and Development (R&D) Exemption | An R&D firm domiciled in Montana for the first time is not subject to state corporate income taxes on net income during its first five taxable years of activity here. | Montana businesses engaged in R&D | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Manufacturing Machinery, Fixtures and Equipment | This provides a special property tax abatement of up to 100% of taxable value. | Montana businesses purchasing manufacturing equipment | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Property Tax Abatement | This abatement reduces the taxable value of property or applies a reduced tax rate in nine abatement categories, including new industrial property, R&D, new and expanding industries and building tenant improvements. | Montana businesses in an abaement category | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Trade Education Employer Tax Credit | This creates a flexible, non-refundable employer tax credit for employer-paid trades education of up to $2,000/per employee; capped at $25,000 per employer. | Montana businesses providing employee training/education | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Montana Apprenticeship Tax Credit | This state tax credit helps launch a new or expand a current training program. It may provide up to $1,500 for each new apprentice; special consideration is given for veterans. | Montana businesses providing apprenticeships | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | The New/Expanded Industry Credit | The New/Expanded Industry Credit is well suited to businesses seeking to open a new facility or expand an existing one. | Eligibility: Manufacturing CompaniesQualifying Expenditures: Increase total full-time employment by at least 30%Benefit: The total amount of the credit is 1% of the total wages paid to new employees. Credit is available during the first three years following initiation or expansion of the manufacturing operation. Credit limited to the year in which it is earned. | Rolling | Varies | See More Details Here |
| Montana Department of Commerce | Big Sky on the Big Screen | HB 584 created the “Big Sky on the Big Screen” Act which offers up to $1,000,000 in tax credits to film and TV productions that shoot in Montana. On July 1, 2019, the Montana Economic Development Industry Advancement (MEDIA) Act came into effect. It offers a 20% transferable income tax credit on production expenditures in the state with additional amounts that can increase the credit up to 35% of the production company’s base investment in the tax year. These are per production. Additional incentives include:25% of compensation for MT resident crew15% of compensation for non-MT resident crew20% of above-the-line compensation (actor, director, producer, writer)30% of compensation paid to a student enrolled in a MT college/university who works on the production for college credit10% of payments to MT colleges/universities for stage, equipment, rentals, or location fees for filming on campus10% of all in-studio facility/equipment expenditures that rents a studio for 20 days or more5% of expenditures in an underserved county5% for using “Filmed in Montana” screen credit logo25% of post-production wages | Film Production in Montana | Rolling | $1,000,000 | See More Details Here |
| Nevada Office of Economic Development | Sales and Use Tax Abatement | Sales and use tax abatement on qualified capital equipment purchases, with reductions in the rate to as low as 2%. | Nevada Business | Rolling | Varies | See More Details Here |
| Nevada Office of Economic Development | Modified Business Tax Abatement | An abatement of 50 percent of the 1.475% rate on quarterly wages exceeding $50,000. | Nevada Business | Rolling | Varies | See More Details Here |
| Nevada Office of Economic Development | Real Property Tax Abatement for Recycling | Up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses. | Nevada Business | Rolling | Varies | See More Details Here |
| Nevada Office of Economic Development | Opportunity Zones | The Opportunity Zone program, established in The Tax Cuts and Jobs Act of 2017, is a tax incentive, designed to encourage long-term private investment in low-income communities. The program essentially runs on two tracks – first, Governors in each state nominate opportunity zones, which are low-income community census tracts that could benefit from significant private investment. Second, once the zones are certified by the U.S. Treasury Department, interested private investors must invest in opportunity funds, specialized vehicles that can then be utilized to invest in the certified opportunity zones. | Nevada Business in a qualified area | Rolling | Varies | See More Details Here |
| Nevada Office of Economic Development | Learn and Earn Advanced Career Paths | As the standard template for career pathway development in Nevada, LEAP integrates education, government and industry in a standardized process to ensure that workers have the skills they need to succeed in both the short – and long-term in the New Nevada, that education institutions know what they need to teach, and that companies have a qualified workforce. LEAP is designed to be a dynamic and responsive framework. | Nevada Business | Rolling | Varies | See More Details Here |
| Nevada Office of Economic Development | Workforce Innovations for the New Nevada | One of the opportunities for companies looking to expand or locate their business operation in Nevada is the State’s ready and willing workforce, as well as Nevada’s commitment to create training programs that will equip workers with the skills needed by our employers. WINN represents the first workforce development training program of its kind in Nevada and is a commitment to businesses to arm them with the skilled employees that they need. The program is administered by GOED in coordination with Nevada System of Higher Education, the Governor’s Office of Workforce Innovations, the Department of Employment, Training and Rehabilitation, and the Nevada Department of Education. | Nevada Business | Rolling | Varies | See More Details Here |
| New Hampshire Economic Development | New Hampshire Research and Development Tax Credit | Business organizations that have expenditures made during the fiscal year for qualified manufacturing research and development. "Qualified manufacturing research and development" expenditures are wages paid to employees of the business organization for services rendered in New Hampshire which qualify and are reported as a credit by the business organization under section 41 of the Internal Revenue Code. More specifically, "qualified manufacturing research and development" expenditures are the wage amounts attributable to New Hampshire that make up lines 5 or 24, of the business organization's Federal Form 6765. | New Hampshire Business | Rolling | Varies | See More Details Here |
| New Hampshire Economic Development | Economic Revitalization Zone | The Economic Revitalization Zone tax credit offers a short term business tax credit for projects that improve infrastructure and create jobs in designated areas of a municipality. | New Hampshire Business | Rolling | Varies | See More Details Here |
| New Hampshire Economic Development | Coos County Job Tax Credit | Business organizations that create new jobs in Coos County during the fiscal year by hiring one or more "qualified tax credit employees" may apply. "Qualified tax credit employee" does not include an employee that shifted to a new position because of a merger, acquisition or restructuring. Employees who are laid-off and rehired within 270 days to the same or similar positions do not qualify for the credit. Additionally, an employee must have been on the employer's payroll for at least 90 days prior to the date on which the employer claims the credit for the first tax period. If the position ceases to exist at anytime during the 5 consecutive tax periods, the employer may not claim the credit for any period in which the position ceases to exist or for any future tax periods within the 5 consecutive tax periods. | New Hampshire Business | Rolling | Varies | See More Details Here |
| New Hampshire Economic Development | WorkInvestNH | WorkInvestNH provides a 50/50 cash match grant $750 to $100,000 for customized training of a company’s employees. | New Hampshire Business | Rolling | Varies | See More Details Here |
| New Hampshire Economic Development | Opportunity Zones | Investors can defer capital gains on earnings that have been reinvested in the zones through Opportunity Funds. Opportunity Funds are private sector investment vehicles that invest at least 90 percent of their capital in Opportunity Zones. Long-term investments maintained for over 10 years do not have to pay additional capital gains taxes on earnings from Opportunity Zone investments. | New Hampshire Business | Rolling | Varies | See More Details Here |
| Nebraska Department of Revenue | Nebraska Advantage Microenterprise Tax Credit | The applicant may earn a credit equal to 20% of the increase in new investment or new employment at the micro business in the year of application and the year after application. The total lifetime tax credits claimed by any single applicant and any related persons are limited to $20,000. New investment refers to: Original cost or the lease value of buildings and other depreciated assets; Repairs to and maintenance for property in Nebraska; Advertising; and Legal and professional fees. | Nebraska individuals operating a micro business with 5 or fewer employees | Rolling | Varies | See More Details Here |
| Nebraska Department of Revenue | Nebraska Advantage Research and Development Credit | A business firm that incurs research and experimental expenditures (as defined in § 174 of the Internal Revenue Code) may claim a tax credit equal to 15 percent of the federal tax credit allowed. The tax credit may be used to obtain a refund of sales and use taxes paid, or as a refundable income tax credit. In addition, business firms that make expenditures in research and experimental activities on the campus of a college or university in Nebraska, or at a facility in Nebraska owned by a college or university, are allowed a tax credit equal to 35 percent of the federal credit instead of the usual 15 percent. The business may claim the research tax credit on their Nebraska tax return by completing Form 3800N Worksheet RD and Form 3800N. | Nebraska businesses with research and development expenditures | 4/15/2025 | Varies | See More Details Here |
| New Jersey Economic Development Authority | SMALL BUSINESS IMPROVEMENT GRANT | The Small Business Improvement Grant offers reimbursement for costs associated with making building improvements or purchasing new furniture, fixtures and equipment. | Open to small businesses and nonprofitsMinimum project cost of $5,000Applicant must rent or own facility being improved | Rolling | Varies | See More Details Here |
| New Jersey Economic Development Authority | MAIN STREET ACQUISITION SUPPORT GRANT | The Main Street Acquisition Support Grant product is a pilot product under the Main Street Recovery Fund that will offer a grant of up to $50,000 to reimburse an eligible NJ small business for closing costs related to a New Jersey commercial property that the business purchased to operate from. | For-profit or non-profit entities meeting the various requirements outlined in the “Eligibility” tab belowMust meet the SBA definition of a small business based on their NAICS codeClosing must have taken place after 10/1/2024 and grant application date must be no later than one year from date of closing | Rolling | Varies | See More Details Here |
| New Jersey Economic Development Authority | SMALL BUSINESS LEASE GRANT | The Small Business Lease Grant supports the growth and success of small businesses and non-profits by providing grant funding to cover a portion of lease payments for businesses and non-profits leasing new or additional space. | Applicant must meet SBA definition of Small BusinessNew leases, amendments and extensions must occupy a minimum of 250 sq. ft., lease amendments or extensions must include an expansion of more than 250 sq. ft. (Space must be more than 250 sq. ft. larger than original leased space).The lease must be for a minimum 5-year term not including options.The lease must be market-rate based on commercial real-estate information. | Rolling | Varies | See More Details Here |
| New Jersey Economic Development Authority | Technology Business Tax Certificate Program | The Technology Business Tax Certificate Transfer Program enables qualified, unprofitable NJ-based technology or biotechnology companies with fewer than 225 US employees (including parent company and all subsidiaries) to sell a percentage of net operating losses (NOL) and research and development (R&D) tax credits to unrelated profitable corporations. Buyers can purchase tax credits at a discount and apply them to reduce taxable income. The market price for the benefit is generally 88-94 cents on the dollar. Net operating losses and R&D tax credits may be sold for at least 80% of their value, up to a maximum lifetime benefit of $20 million per business. This provides the ability to turn NOL and R&D tax credits into capital | New Jersey tech companies with protected and proprietary intellectual property, fewer than 225 employees with health coverage, and net operating loss carryover and/or R&D tax credits in New Jersey. | 6/30/2025 | Varies | See More Details Here |
| New Jersey Division of Taxation | Manufacturing Equipment and Employment Investment Tax Credit | This is a credit for acquisition of “manufacturing equipment” in New Jersey, and/or for an increase in New Jersey employees due to the equipment investment. The credit provides the taxpayer with incentive to increase employment at New Jersey locations by employing New Jersey residents. Investments in qualified manufacturing equipment made in tax years beginning on or after 1/1/94, 1994 may be eligible. The credit allowable for any given year is limited to 50% of the taxpayer’s total liability, not to exceed an amount which would reduce the total tax liability below the statutory minimum. The manufacturing equipment portion is limited to 2% (or 4%, if applicable) of the investment credit base of qualified equipment placed in service in the tax year, up to a maximum allowed credit for the tax year of $1,000,000. | New Jersey businesses with 50 or fewer employees and entire net income of less than $5,000,000 | 4/15/2025 | Varies | See More Details Here |
| New Jersey Division of Taxation | Research and Development Tax Credit | This program provides a credit of 10% of the excess qualified research expenses over a base amount plus 10% of the basic research payments. Qualified research is limited to scientific experimentation or engineering activities designed to aid in the development of a new or improved product, process, technique, formula, invention, or computer software programs held for sale, lease, or license, or used by the taxpayer in a trade or business. To claim this credit, the taxpayer must complete form 306. | New Jersey businesses performing qualified research activities in New Jersey | 4/15/2025 | Varies | See More Details Here |
| New Jersey Division of Taxation | Urban Enterprise Zone Employee Tax Credit | The credit is $1,500 (per employee) if the employee was formerly unemployed or on public assistance; $500 if the employee meets the other qualifications but not these. Qualifying employees must have been hired after certification and must have worked six consecutive months in the tax year following the tax year in which employment began. To claim the credit, a completed Form 300 must be attached to the tax return. | New Jersey businesses in qualified zones | 4/15/2025 | Varies | See More Details Here |
| Business.NJ.Gov | Angel Investor Tax Credit Program | Investors who provide funding to New Jersey emerging technology businesses may receive a tax credit of up to 20% of their qualified investment, with a potential 5% bonus if the business is located in a qualified opportunity zone or low-income community. Eligible technology sectors include advanced computing, biotechnology, and renewable energy. Both the investor and the technology company must complete the application no later than six months from the date of investment. Tax credits that equal up to 20% of a qualified investment with a potential 5% bonus. | EligibilityInvestors in eligible emerging technology businesses or venture funds in New JerseyBoth the investor and the technology company must complete the application no later than 6 months from the date of investmentFewer than 225 full-time employees, 75% of whom must work in NJCommercializes one or more of the following eligible technologies in the State: Advanced Computing, Advanced Materials, Biotechnology, Electronic Devices, Information Technology, Life Sciences, Medical Devices, Mobile Communications, Renewable Energy Technology, and Carbon Footprint Reduction Technology | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Environmental Opportunity Zones | A property tax exemption can be granted for certain contaminated property sites where an owner of a property enters into an agreement with the Department of Environmental Protection for remediation of the site and meet the requirements of N.J.S.A. 54:4-3.150 through 3.158. | The municipality has to designate by ordinance qualified real properties in that municipality as environmental opportunity zones. N.J.S.A. 54:4-3.153.Tax exemption applications are made pursuant to N.J.S.A. 54:4-3.155. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Employers of Employees with Impairments | Tax Credit Program for Employers of Employees with Impairments Impacted by Increase in Minimum Wage under P.L. 2019, c. 32 (N.J.S.A. 34:11-56a40 et seq.)The purpose of the program is to provide tax credits to employers of employees with impairments. It is intended to help offset the cost to employers for any increases in wages and payroll taxes for an impaired employee as a result of the minimum wage increase.The credit is applied against the Corporation Business Tax or Gross Income Tax, whichever of the two taxes applies to the employer. It must be used the year in which it is earned. There are no carryover provisions for this tax credit. Any unused tax credit amount is forfeited. | The program is administered by the Commissioner of the Department of Labor and Workforce Development (Labor). If you are an eligible employer, file an application with Labor. The Commissioner of Labor certifies the amount of the tax credit and provides you with a certificate. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Garden State Film and Digital Media Jobs Act Credit | The Garden State Film and Digital Media Jobs Act provides tax credits against New Jersey Corporation Business and Gross Income Taxes for qualified film production expenses and qualified digital media production expenses for taxpayers that satisfy the eligibility requirements. Credits are available for tax years beginning on or after July 1, 2018, and ending before July 1, 2039. | The credit is 35% of the qualified film production expenses paid by the taxpayer during a tax year. However, the credit is equal to 30% of the qualified film production expenses that are incurred for services performed and tangible personal property purchased for use at a sound stage or other location that is located in the State within a 30-mile radius of the intersection of Eighth Ave/Central Park West, Broadway, and West 59th Street/Central Park South, New York, New York. The tax credits permitted to be approved for film production projects in a fiscal year may be increased from tax credits in a prior fiscal year that were unapproved or previously approved, but a taxpayer was not able to redeem or transfer to another taxpayer. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Grow New Jersey Assistance Tax Credit | The Grow New Jersey Assistance Tax Credit is available to businesses creating or retaining jobs in New Jersey and making a qualified capital investment at a qualified business facility in a qualified incentive area as defined in the Grow New Jersey Assistance Act. This includes affiliates of the business located in the qualified business facility and tenants which are businesses in the qualified business facility. To be eligible for the program the chief executive officer or equivalent officer must demonstrate at the time of application to the Economic Development Authority that:The business must make a minimum of a $20,000,000 capital investment in a qualified business facility;The business must create or retain at least 100 fulltime employee positions which provide employee health benefits under a group health plan;The positions must be in an industry identified by the Economic Development Authority as desirable for New Jersey;The capital investment resultant from the award of tax credits and the resultant retention and creation of eligible positions will yield a net positive benefit to the State; andThe award of the credit must be a material factor in creating or retaining the minimum number of employees. | The annual tax credit available to each business shall not exceed the lesser of one tenth the capital investment or $4,000,000. The number of new full-time jobs for which a business receives a tax credit shall not exceed the number of retained full-time jobs for which a business receives a tax credit, unless the business qualifies by creating at least 100 new full-time jobs in an industry identified by the authority as desirable for the State to maintain or attract. The amount of credit allowed for a tax period to a business that is a tenant in a qualified business facility shall not exceed the business' total lease payments for occupancy of the qualified business facility for the tax period. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | HMO Assistance Fund Tax Credit | The HMO Assistance Fund Tax Credit is available to health maintenance organizations that paid assessments to the New Jersey Health Maintenance Organization Assistance Association.Holders and former holders of a certificate of authority to operate a health maintenance organization are allowed a CBT credit for certain payments they are required to make. | The total available credit is equal to 50% of the paid assessments for which a certificate of contribution was issued by the association. A member organization may offset against its corporation business tax liability an amount of not more than 10% of any assessment for each of the five privilege periods beginning on or after the third calendar year commencing after the assessment was paid, except that no member organization may offset more than 20% of its corporation business tax liability in any one year. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Neighborhood Revitalization State Tax Credit | A taxpayer that contributes financial assistance to a nonprofit sponsor may be granted a certificate authorizing a tax credit which may be used to offset their corporation business tax liability. The tax credit may be granted in an amount up to 50% of the approved assistance provided to a nonprofit organization to implement a qualified project that is part of an approved neighborhood preservation and revitalization plan. The credit may not exceed $1,000,000 for any taxable year. There are no carryover provisions for this tax credit. Any unused tax credits are forfeited. | To claim this credit, the taxpayer must complete Form 311 and attach it to the tax return. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | New Jobs Investment Tax Credit | The New Jobs Investment Tax Credit is taken in five equal annual installments. The annual credit cannot exceed 50% of that portion of the Corporation Business Tax liability which is attributable to and the direct result of the taxpayer’s qualified investment and shall not reduce the tax liability below the statutory minimum. This tax credit is available for investment in new or expanded business facilities that create new jobs in New Jersey. | The investment must create at least 5 new jobs (50 for large businesses), and meet the median annual compensation requirement for the current tax year. New investment is not eligible for the credit unless the average value of all real and tangible personal property in this State has increased over the prior year. The facilities must have been purchased from an unrelated party during or after the taxpayer’s accounting period beginning on or after July 7, 1993, the effective date of this legislation. It must be employed by the taxpayer in a taxable activity and must not have been in use during the 90 day period prior to purchase. Investments which qualify for the Manufacturing Equipment and Employment Investment Tax Credit cannot also qualify for this credit. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Offshore Wind Economic Development | Credit awarded to businesses for offshore wind energy facilities approved by the Economic Development Authority. The business must have at least $50,000,000 in capital investments into a qualifying facility. A tenant of the business can qualify if there at least $17,500,000 in capital investments made in the area being leased in the qualifying facilities. Additionally, 300 new fulltime employees who are subject to the New Jersey Gross Income Tax or are from a state which has reciprocity with New Jersey, must have been hired that do not qualify for certain other tax credits as enumerated in N.J.S.A. 34:1B-209.4(3). | The tax credit shall be taken over the course of 10 years at a rate of one-tenth of the value of the total credit for each accounting or privilege period starting with the period the business was approved by the EDA. The tax credit allowed for a tax period for a tenant, can not exceed the value of the lease payments for occupancy of the qualified wind energy facility. The credit amount for any tax period during which the documentation of a business' credit amount remains unapproved will be forfeited, although credit amounts for the remainder of the years of the 10-year credit period shall remain available. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Redevelopment Authority Project Tax Credit | The credit is $1,500 each year for two years for new employees that were unemployed or on public assistance prior to joining a manufacturing company in the project area. The Redevelopment Authority Project Tax Credit is allowed in the tax year following the tax year of qualification, and may be continued into a second tax year if such qualification continues. Any credit which remains after the second tax year following the tax year of qualification is forfeited. | Any taxpayer that is actively engaged in the conduct of business at a location within a project as defined in N.J.S.A. 55:19-1 et seq., and whose business at that location consists primarily of manufacturing or other business that is not retail sales or warehousing oriented, may be entitled to claim the Redevelopment Authority Project Tax Credit. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Recycling Equipment Tax Credit | A taxpayer that purchased qualified recycling equipment on or after October 1, 1987 and received a certification for this equipment from the Commissioner of the Department of Environmental Protection may be eligible to claim the Recycling Equipment Tax Credit. The recycling equipment must have been used exclusively within New Jersey, except for vehicles which must have been used primarily within New Jersey. | To claim this credit, the taxpayer must complete Form 303 | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Remediation Credit | The taxpayer is allowed a credit in an amount equal to 100% of the eligible cost of the remediation of a contaminated site as certified by the Department of Environmental Protection pursuant to section 2 of P.L. 2003, c.296 and the Director of the Division of Taxation in the Department of Treasury pursuant to section 3 of P.L. 2003, c.296. The remediation costs must have been performed during the privilege periods beginning on or after January 1, 2004 and before January 1, 2007. The credit allowable under shall not exceed 50% of the tax liability otherwise due and shall not reduce the tax liability to an amount less than the statutory minimum. Any unused credit may be carried forward, if necessary, for use in the 5 privilege periods following the privilege period for which the credit is allowed. | In no event shall the amount of the tax credit when taken together with the property tax exemption received pursuant to the "Environmental Opportunity Zone Act," P.L.1995, c.413 (C.54:4-3.151), less any in lieu of tax payments made pursuant to that act, or any other State, local, or federal tax incentive or grant to remediate a site, exceed 100% of the total cost of the remediation. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Redevelopment Authority Project Tax Credit | Any taxpayer that is actively engaged in the conduct of business at a location within a project as defined in N.J.S.A. 55:19-1 et seq., and whose business at that location consists primarily of manufacturing or other business that is not retail sales or warehousing oriented, may be entitled to claim the Redevelopment Authority Project Tax Credit. | The credit is $1,500 each year for two years for new employees that were unemployed or on public assistance prior to joining a manufacturing company in the project area. The Redevelopment Authority Project Tax Credit is allowed in the tax year following the tax year of qualification, and may be continued into a second tax year if such qualification continues. Any credit which remains after the second tax year following the tax year of qualification is forfeited. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Sheltered Workshop Tax Credit | A taxpayer that provides employment to qualified handicapped persons at sheltered workshops may be able to claim this tax credit. In general, the credit is allowed in an amount equal to 20% of the salary and wages paid during the privilege period for the employment of a qualified person not to exceed $1,000 for each qualified person for the privilege period. | The amount of the tax credit that cannot be applied to the current tax period due to the applicable limitations can be carried over to the seven privilege periods following the privilege period for which the credit was allowed. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Small New Jersey Based High Technology Business Investment Tax Credit | The purpose of the Small New Jersey-Based High-Technology Business Investment Tax Credit Act is to encourage corporate taxpayers to invest in small New Jersey-based high-technology businesses thereby providing them with the needed funds for research and development and pilot scale manufacturing required to develop marketable products and services. The credit allowable for any given tax year is limited to 50% of the taxpayer’s total tax liability, not to exceed an amount which would reduce the total tax liability below the statutory minimum. A research and development tax credit shall not be allowed for expenses paid from funds for which a small New Jersey-based high-technology tax credit is allowed, or which are includable in the calculation of the allowed amount of this tax credit. | Small New Jersey-based high-technology business are corporations doing business, employing or owning capital or property, or maintaining an office, in New Jersey that has qualified research expenses paid or incurred for research conducted in New Jersey or conducts pilot scale manufacturing in New Jersey, and has fewer than 225 employees, of whom 75% are New Jersey-based employees filling a position or job in New Jersey for funds on which a credit is allowed under this law. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Urban Enterprise Zone Employee Tax Credit | This credit is available to a taxpayer that was certified as a qualified business in the preceding tax year as well as the current tax year. The amount of this credit in addition to the amount of any other tax credits taken is limited to 50% of the taxpayer’s total tax liability and cannot exceed an amount which would reduce the total tax liability below the statutory minimum. The credit is $1,500 if the employee was formerly unemployed or on public assistance; $500 if the employee meets the other qualifications but not these. Qualifying employees must have been hired after certification and must have worked six consecutive months in the tax year following the tax year in which employment began. | Although there is a limitation of the amount of credit allowed in any one tax year, the amount of unused tax credit may be carried forward to a future tax year provided that the tax year falls within a 20 year period beginning with the date of designation of the enterprise zone, or if later, a period of 20 tax years beginning with the date within the designation period upon which the taxpayer is first subject to the Corporation Business Tax. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Urban Transit Hub | An urban transit hub is a property located within a 1/2 mile to an interstate rail station; property adjacent to, or connected by rail spur to a freight rail line if the business utilizes that freight line for loading and unloading freight cars on trains; all light rail stations; property located within a one mile radius of the midpoint of the platform area of such a rail station if the property is in a qualified municipality under the "Municipal Rehabilitation and Economic Recovery Act," P.L.2002, c.43 (C.52:27BBB-1 et seq.) or in an area that is the subject of a Choice Neighborhoods Transformation Plan funded by the federal Department of Housing and Urban Development; a site of the campus of an acute care medical facility located within a one mile radius of the midpoint of the platform area of such a rail station; and a site of a closed hospital located within a one mile radius of the midpoint of the platform area of such a rail station. | A credit may be awarded to businesses for capital investments made in qualified business facilities that are located within eligible municipalities approved by the Economic Development Authority. The business must have at least $50,000,000 in capital investments into a qualifying facility. A tenant of the business can qualify if there at least $17,500,000 in capital investments made in the area being leased in the qualifying facilities. Additionally, 250 new fulltime employees, who are subject to the New Jersey Gross Income Tax or are from a state which has reciprocity with New Jersey, must have been hired. The 250 employee threshold can be met by an aggregate of no more than three tenants. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Brownfield Sites | The Brownfield Site Remediation Fund is dedicated to the purpose of reimbursing developers up to 75% of their remediation costs through redevelopment agreements with the New Jersey Economic Development Authority and the State Treasurer. These reimbursement moneys would be derived from certain new specific State tax revenue that is realized from the redevelopment project. Upon application for reimbursement, the Director is required to certify eligibility of reimbursement has been achieved. | Taxpayers operating on brownfield sites | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Business Employment Incentive Grant | This is a grant awarded by the EDA where the business meets certain enumerated criteria. A business may apply to the authority for a grant for any project which: will create at least 25 eligible positions in the base years; or will create at least 10 eligible positions in the base years if the business is an advanced computing company, an advanced materials company, a biotechnology company, an electronic device technology company, an environmental technology company, or a medical device technology company. In the case of a business which is a landlord, the business may apply to the authority for a grant for any project in which at least 25 eligible positions are created in the base years. | A project which consists solely of point-of-final-purchase retail facilities shall not be eligible for a grant under this act. If a project consists of both point-of-final-purchase retail facilities and non-retail facilities, only the portion of the project consisting of non-retail facilities shall be eligible for a grant, and only the withholdings from new employees which are employed in the portion of the project which represents non-retail facilities shall be used to determine the amount of the grant. If a warehouse facility is part of a point-of-final-purchase retail facility and supplies only that facility, the warehouse facility shall not be eligible for a grant. For the purposes of this act, catalog distribution centers shall not be considered point-of-final-purchase retail facilities. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | CBT Tax Benefit Certificate Transfer Program | The corporation business tax benefit certificate transfer program allows new or expanding emerging technology and biotechnology companies in New Jersey with unused amounts of research and development tax credits otherwise allowable which cannot be applied for the tax year and unused net operating loss carryover, to surrender those tax benefits for use by other corporation business taxpayers in this State, provided that the taxpayer receiving the surrendered tax benefits is not affiliated with a corporation that is surrendering its tax benefits under the program. The tax benefits may be used on the corporation business tax returns to be filed by those taxpayers in exchange for private financial assistance to be provided by the corporation business taxpayer that is the recipient of the corporation business tax benefit certificate to assist in the funding of costs incurred by the new or expanding emerging technology and biotechnology company. The maximum lifetime value of surrendered tax benefits that a corporation shall be permitted to surrender pursuant to the program is $15,000,000. | The new or expanding emerging technology or biotechnology company will be ineligible where it: (1) has demonstrated positive net operating income in any of the two previous full years of ongoing operations as determined on its financial statements issued according to generally accepted accounting standards endorsed by the Financial Accounting Standards Board; or (2) is directly or indirectly at least 50 percent owned or controlled by another corporation that has demonstrated positive net operating income in any of the two previous full years of ongoing operations as determined on its financial statements issued according to generally accepted accounting standards endorsed by the Financial Accounting Standards Board or is part of a consolidated group of affiliated corporations, as filed for federal income tax purposes, that in the aggregate has demonstrated positive net operating income in any of the two previous full years of ongoing operations as determined on its combined financial statements issued according to generally accepted accounting standards endorsed by the Financial Accounting Standards Board. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | CBT and Insurance Premiums Tax Credits Transfer Program< | The tax credits may be used on the corporation business tax and insurance premiums tax returns to be filed by those taxpayers in exchange for private financial assistance to be provided by the corporation business taxpayer or insurance premiums taxpayer that is the recipient of the corporation business tax credit certificate or insurance premiums tax credit certificate to assist in the funding of costs incurred by the relocating business in exchange for private financial assistance to be made by the taxpayer in an amount equal to at least 75% of the amount of the surrendered tax credit of a business relocating in the State. | The private financial assistance shall assist in funding expenses incurred in connection with the operation of the business in the State, including but not limited to the expenses of fixed assets, such as the construction and acquisition and development of real estate, materials, start-up, tenant fit-out, working capital, salaries, research and development expenditures and any other expenses determined by the commissioner. | Rolling | Varies | See More Details Here |
| State of New Jersey | Emerge Job Creation Tax Credit Program | Projects under the Emerge and Aspire Programs are subject to a program cap of $1.1 billion per year for six years. The Emerge Program awards are calculated on an annual per job basis, with base credits for new jobs ranging between $500-$4,000 per job depending on project location and other aspects of the project. Bonuses are also available based on project location, industry, and alignment with other policy objectives. These bonuses can increase annual per-job credits to a maximum of $8,000 per job. Jobs that are covered by a labor harmony agreement are eligible for an additional $1,000 bonus over the capped amounts. Tax credits awarded through Emerge can be used to offset Corporate Business Tax or Insurance Premiums Tax or can be transferred for no less than 85 percent of their value or surrendered to NJ Division of Taxation for 90 percent of the value of the credits. | To be eligible for Emerge support, a project must:Create at least 35 new, full-time jobs. In some circumstances, this job creation requirement may be lower if a business is primarily engaged in a targeted industry, or if a business meets the definition of a “small business” as defined in the Emerge Program rules.Be located in an Eligible Incentive location. Meet minimum capital investment requirements.Emerge tax credits must yield a minimum net positive economic benefit to the state of 200 percent to 400 percent depending on project location.Ensure that at least 80 percent of incented employees’ work time is spent in New Jersey and 80 percent of the withholdings of new or retained full-time jobs are subject to the ‘New Jersey Gross Income Tax Act’.Ensure the Qualified Business Facility can accommodate at least 50 percent of incented jobs. Commit to stay at the Qualified Business Facility for 1.5 times the eligibility period.Demonstrate that the award of the tax credit is a “material factor” in the decision to create or retain at least the minimum number of full-time jobs. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Health Enterprise Zones | Where the tax payer practices in a designated Health Enterprise Zone, the tax payer is allowed to deduct from the taxpayer's gross income in a taxable year an amount equal to that proportion of the taxpayer's net income deriving from that practice for the taxable year that the qualified receipts of that practice for the taxable year bear to the total amount received for services at that practice for the taxable year. | Businesses in Health Zones | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Net Operating Loss | Certain taxpayers are allowed the carry forward of the net operating loss under the CBT, P.L. 1997, c.350, N.J.S.A. 54:10A-4.3.The statute allows a 15 year carry forward of losses related to IRC section 41 research expenses for certain high technology businesses.Section 2 of c.350 provides that this applies only to net operating losses that occur during privilege periods that begin on or after July 1, 1998, but no later than June 30, 2001. | P.L. 2008, c.102, signed into law November 24, 2008, created a new net operating loss carryover under the Corporation Business Tax. The law provides that a net operating loss for any privilege period ending after June 30, 2009 shall be a net operating loss carryover to each of the twenty privilege periods following the period of the loss. This new twenty year carryover applies only to net operating losses accruing for privilege periods ending after June 30, 2009. Net operating losses accruing for privilege periods ending before June 30, 2009 continue to have a net operating loss carryover to each of the seven privilege periods following the period of | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Manufacturing Equipment and Employment Investment Tax Credit | The credit provides the taxpayer with incentive to increase employment at New Jersey locations by employing New Jersey residents. Investments in qualified manufacturing equipment made in tax years beginning on or after January 1, 1994, may be eligible for the Manufacturing Equipment and Employment Investment Tax Credit. Such investment has the benefit of allowing a tax credit computation for the tax year in which the investment was made as well as each of the following two tax years. Qualified equipment is defined in N.J.S.A. 54:32B-8.13(a) or in section 25 of P.L. 1980,c.105 (C.54:32B-8.13). The tax credit computation for the first year is based on the cost of the qualified manufacturing equipment placed in service in New Jersey during that tax year. The computations for the two following tax years are based on the average increase in New Jersey residents employed in New Jersey subject to a limitation based on the cost of the investment made in the first year. The credit allowable for any given year is limited to 50% of the taxpayer’s total liability, not to exceed an amount which would reduce the total tax liability below the statutory minimum. The manufacturing equipment portion is limited to 2% (or 4%, if applicable) of the investment credit base of qualified equipment placed in service in the tax year, up to a maximum allowed credit for the tax year of $1,000,000. | The employment investment portion is valid for each of the two tax years succeeding the tax year for which the manufacturing equipment credit is allowed, but is limited to 3% of the investment credit base, not to exceed a maximum allowable amount for each of the two tax years of $1,000 multiplied by the increase in the average number of qualified employees. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Effluent Equipment tax Credit | This is a credit for the purchase of certain equipment used in treatment of effluent for reuse in an industrial process. The credit is applicable to purchases made in privilege periods beginning on or after July 1, 2002.N.J.A.C. 7:14D provides for determination of environmental benefit of the reuse of further treated effluent in industrial facilities. A taxpayer that purchases treatment or conveyance equipment for use in treatment of effluent for reuse in an industrial process exclusively within New Jersey may be able to take a tax credit. | The credit is equal to 50% of the cost of the treatment equipment or conveyance equipment less the amount of any loan received and excluding the amount of sales and use tax. The amount of credit claimed for the privilege period in which the purchase is made and the amount of credit claimed therefore in each privilege period thereafter shall not exceed 20% of the amount of the total credit allowable. A copy of the determination of environmentally beneficial operation issued by the Department of Environmental Protection along with an affidavit affirming the equipment will only be used in New Jersey must be filed with the tax return. Unused tax credits may be claimed in subsequent tax years subject to the limitations set forth in form 312. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Economic Recovery Tax Credit | The purpose of the Economic Recovery Tax Credit is to foster business investment in qualified municipalities established under the authority of the "Qualified Municipality Open For Business Incentive Program". A taxpayer that is engaged in the conduct of business within a qualified municipality and is not receiving a benefit under the New Jersey Urban Enterprise Zones Act, P.L.1983, c.303 (C.52:27H-60 et seq.) may apply to receive a tax credit against the amount of tax otherwise imposed under the Corporation Business Tax Act. | The credit is equal to $2,500 for each new full-time position at that location in credit year one and $1,250 for each new full-time position at that location in credit year two. No taxpayer shall be allowed more than a single 24 month continuous period in which credits shall be allowed for activity at a location within a qualified municipality. The credit allowable under this section shall not exceed 50% of the tax liability otherwise due and shall not reduce the tax liability to an amount less than the statutory minimum. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Domestic Production Activities Deduction | The federal Tax Cuts and Jobs Act (P.L. 115-97) eliminates the domestic production activities deduction for federal income tax years beginning after December 31, 2017.Since the New Jersey deduction for both New Jersey Corporation Business Tax and Gross Income Tax is based on the federal deduction, this deduction is not available for tax years that that begin after December 31, 2017. | The allowable New Jersey Domestic Production Activities Deduction is based exclusively on domestic production gross receipts derived from a lease, rental, sale, exchange or other disposition of qualifying production property which was manufactured or produced by the taxpayer in whole or in significant part within the United States. Manufactured or produced are as defined under as defined under N.J.S.A. 54:10A-4(k)(2)(J) and 54A:5-15. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | Business Retention and Relocation Assistance Act | The purpose of the program is to encourage economic development and job creation and to preserve jobs that currently exist in New Jersey but which are in danger of being relocated to premises outside of the State. To qualify for a grant of tax credits, a business shall demonstrate that the business will either relocate to or maintain facilities in New Jersey and that the relocation/retention* of at least 50 employees and capital investments have a net positive effect on New Jersey. The business shall also demonstrate that the receipt of assistance will be a material factor in the business' decision not to relocate outside of New Jersey; provided however, that a business that relocates 1,500 or more retained full-time jobs covered by a project agreement from outside of a designated urban center to one or more new locations within a designated urban center shall not be required to make such a demonstration if the business applies for a grant of tax credits within six months of signing its lease or purchase agreement. | The credit and bonus awards are determined based on a tiered system depending on the number of employees relocated or retained. The bonus award is equivalent to 50% of the amount of the original grant of tax credits, and shall be made to any business that relocates more than 2,000 full-time employees covered by the project agreement from one or more locations outside of a designated urban center into a designated urban center where all other applicable requirements of P.L.1996, c.25 (N.J.S.A.34:1B-112 et seq.)* are satisfied; and provided further that no grant of tax credits shall be awarded pursuant to this section for any job that is moved from its current location in an urban enterprise zone designated pursuant to the "New Jersey Urban Enterprise Zones Act," P.L.1983, c.303 (N.J.S.A.52:27H-60 et seq.) to a location that is not within an urban enterprise zone; however, that if the move from the urban enterprise zone is to a facility already owned or leased by the same business and that business already employs at least the same number of persons as those being relocated from the urban enterprise zone a grant of tax credits may still be awarded. | Rolling | Varies | See More Details Here |
| New Jersey Treasury | AMA Tax Credit | For taxable periods beginning on or after January 1, 2002, if a taxpayer incurs an AMA (Alternative Minimum Assessment) liability in excess of the regular corporation business tax liability, the excess may be carried over to subsequent years and used as a credit against the regular corporation business tax liability. The carryovers never expire subject to certain limitations. The credit taken shall not reduce the taxpayer’s corporation business tax liability to less than the Alternative Minimum Assessment, nor to below 50% of the regular corporation business tax liability otherwise due, nor to below the minimum tax due ($500 or $2,000). | New Jersey-based businesses | Rolling | Varies | See More Details Here |
| New Jersey Economic Development Authority | Digital Media Tax Credit | Provides a transferable credit against the corporation business tax and the gross income tax for qualified expenses incurred for the production of certain film and digital media content in New Jersey. The goal of the program is to incentivize production companies to film and create digital media content in New Jersey.“For the full New Jersey Motion Picture and Film Commission website, please visit NJ DOS – NJ Motion Picture & Television Commission. | Tax credit up to 35 percent of qualified film production expensesNOTE:Qualified film production expenses incurred for services performed and tangible personal property purchased for use at a sound stage or other location that is located in the State within a 30-mile radius of the intersection of Eighth Avenue/Central Park West, Broadway, and West 59th Street/Central Park South, New York, New York are eligible for 30 percent. | Rolling | Varies | See More Details Here |
| New Jersey Economic Development Authority | Clean Tech Research & Development (R&D) Voucher Program | The Round 2Clean Tech R&D Voucher Program is intended to support early-stage clean tech/clean energy companies in NJ to access core facilities, equipment and makerspaces at any participating NJ University Facility or Government labs for clean energy/clean technological research and development. The objectives of the Round 2 Clean Tech R&D Voucher Program are to:Improve awareness, access to and utilization of New Jersey’s world-leading equipment, facilities and makerspacesSubsidize access to research and development equipment, facilities and makerspaces for small NJ-based companies that are developing innovative technologies in the clean energy/clean tech space | Eligible applicants can apply for multiple Vouchers up to a cap of $25,000 within any twelve (12)-month period. Approved Vouchers will be valid for a period of six (6) months (starting from date of the Voucher reservation approval letter) and any unused approved Voucher amounts will be cancelled after the six (6) month period and returned to the Program budget for future use.Eligible Applicants can receive Vouchers to defray the costs associated with any of the following services or activities in a participating University Facility or Government labs:Use of Facility equipment and technicians for testing and developmentTraining in preparation for independent use of the Facility equipmentThe program will fund technology development projects between Technology Readiness Levels (TRL) 1 (Basic Research) through TRL 7 (Integrated Pilot System Demonstrated) intended to avoid emissions of, or recapture, greenhouse gases and/or criteria pollutants, or to enable such avoidance or recapture. The following technology areas are eligible under the program:Chemicals/Advance MaterialsEnergy Distribution/StorageEnergy EfficiencyEnergy GenerationGreen Buildings TransportationWaste ProcessingWater and Agriculture | $25,000 | See More Details Here | |
| New Jersey Economic Development Authority | Child Care Facility Grant | Reimbursement of site remediation expenses for child care center owners/operators | Owners or operators of licensed child care centers or child care centers applying for a license through the Department of Children and Families (DCF) | Rolling | $1,500 | See More Details Here |
| Business.NJ.Gov | Catalyst R&D Voucher Program | The goal of the Catalyst Research and Development (R&D) Voucher Pilot Program is to support New Jersey-based early-stage company efforts to accelerate development and innovation of technologies to transform new discoveries from research stage into commercially viable technologies, leading to industry and investor interest. | ELIGIBILTY CRITERIAEach applicant to the Catalyst R&D Voucher Pilot Program must meet the following eligibility criteria:Companies registered to conduct business in NJ at the time of applicationCompanies with no more than 25 full-time employees (calculated on an FTE full time equivalent basis-working 35hrs per week) at time of application until the voucher is awarded and throughout the voucher duration.100% of Project work for which the voucher is being sought has to be conducted in NJMinimum of one (1) full-time employee working in NJ at time of application until the voucher is awarded and throughout the voucher duration (calculated on an FTE full time equivalent basis – 35 hrs. per week)50% or more of the work of its employees and contractors conducted in NJ (calculated on an FTE basis – 35 hrs. per week)Applicant must obtain a signed approval letter from a participating university/college, Federal lab or non-profit organization confirming that the facility is capable and willing to provide the services that will be supported by the voucherApplicant company must be developing or testing technologies in the following target areas:Advanced ManufacturingAdvanced Transportation and LogisticsFilm and Digital MediaLife Sciences – Therapeutic Drug DevelopmentLife Sciences – OtherNon-Retail Food and BeverageProfessional and Financial ServicesTechnology | Rolling | Varies | See More Details Here |
| New Jersey Economic Development Authority | Bond Financing | Bonds are sold via direct purchase or public offering. A financial intermediary, typically a bank, will directly purchase bonds from the NJEDA once it has performed a credit review on the applicant’s project. The bank sets the interest rate, terms and other financial details. In a public offering, bonds are purchased by an underwriter and sold to private investors in the public marketplace and may be structured with a bank’s commitment to provide a letter of credit (LOC) or a municipal bond insurance policy. Market conditions will determine the interest rate, while the bond’s terms and other financial details are set by the LOC provider | ELIGIBILTYBorrowers must meet the eligibility requirements outlined in the Internal Revenue Code (IRC) in order to qualify for tax-exempt bond financing, including:Manufacturing/processing facilitiesGovernmentally owned public airports, docks, wharvesFacilities that furnish water, electric, and gas; sewer facilities; and solid waste disposal, including certain recycling facilitiesCertain facilities for governmental bodies, which qualify as tax-exempt governmental obligationsCertain not-for-profit 501(c)(3) entities, including service organizations, educational institutions and health care facilitiesCertain assisted living facilities, which qualify as residential rental projects. | Rolling | Varies | See More Details Here |
| New Jersey Economic Development Authority | ASPIRE PROGRAM | Total award cap of $42M, but residential projects also receiving Low-Income Housing Tax Credits (LIHTC), or projects located in certain economically disadvantaged locations may receive up to $60MTax credits equal to 45% of project costs up to $42MCommercial projects in a Government Restricted Municipalities (GRM) (These municipalities include: Atlantic City, Camden, East Orange, New Brunswick, Paterson, and Trenton) can receive tax credits up to 55% of costs in project supportNewly constructed residential projects that are also utilizing 4% LIHTCs can receive tax credits for up to 60% of project costsProjects using LIHTC or any other project in a Qualified Incentive Track (QIT), GRM, or municipality with a Municipal Revitalization Index (MRI) distress score of at least 50, can receive tax credits up to $60M | ELIGIBILITYTo be eligible for Aspire support, a project must:Demonstrate through NJEDA analysis that without the incentive award, the redevelopment project is not economically feasible.Demonstrate that a project financing gap exists and/or the redevelopment project will generate a below market rate of return.Be located in a designated “Incentive Area.”Include developer who has an equity participation of at least 20 percent of the total cost.Result in a net positive benefit to the State.Meet specific cost thresholds (for residential projects), depending on where the project is located. | Rolling | Varies | See More Details Here |
| Business.NJ.Gov | Apprenticeship Tax Credit Program | As part of the program, a taxpayer may apply for, and, upon approval of an application to the Department of Labor and the Division of Taxation, will be allowed a $5,000 tax credit against the tax imposed pursuant to N.J.S.A. 54:10A-5(c) if the taxpayer has documented qualified start-up costs associated with the initial year of participation in an apprenticeship program.There is an additional $5,000 tax credit if the apprenticeship program provides opportunities for workers in key industries such as:ManufacturingConstructionHealthcareLogisticsPharmaceuticalsTransportationTourism andRenewable energy. | EligibilityYour business must be registered in New JerseyYour business must be in the first year of running its apprenticeship programEnroll at least 1 apprentice in your programYour business may qualify for an extra $5,000 tax credit if your apprenticeship program provides opportunities in key industries: manufacturing, construction, healthcare, logistics, pharmaceuticals, transportation, tourism, or renewable energy | Rolling | $10,000 | See More Details Here |
| Business.NJ.Gov | ANGEL MATCH PROGRAM | The Angel Match Program was designed to disburse funding from the State Small Business Credit Initiative (SSBCI), a federal program administered by the US Department of Treasury. Its purpose is to propel the creation of an entrepreneurial ecosystem that stimulates innovation and economic development, providing employment opportunities for New Jersey residents.This program matches angel investors’ direct investment in early-stage, product-based technology companies within targeted industries on a 1-to-1 basis with unsecured convertible notes ranging from $100,000 to $500,000. | EligibilityMust have minimum revenues of $100,000 within the trailing 12 months . Trailing 12 Months (TTM) figures report metrics based on the last 12 months (or four quarters) to date on a rolling basis.Business must be able to demonstrate a minimum of $100,000 in investment interest from at least two investors independent from the companyPrimary business is commercializing and marketing a productEarly stage within an NJEDA targeted industryStructured as a C-Corporation or LLCLocated in physical commercial, co-working, or incubator space in New JerseyA minimum of two full-time founders/C-level executives and 50% of full-time employees working in New JerseyNo more than 100 total employees working for the companyCompany must be registered in New Jersey and in good standing as certified by a valid NJ Tax Clearance Certificate | Rolling | $500,000 | See More Details Here |
| New Jersey Division of Taxation | Urban Enterprise Zone Investment Tax Credit | A qualified business which is not entitled to an employee tax credit may be entitled to the investment tax credit. This credit is only available to an employer with less than 50 employees. The investment must be at least $5,000 if there are 10 or fewer employees, and increases by $500 for each additional employee. A completed Form 301 must be attached to the tax return to validate the investment tax credit claim. | New Jersey businesses in Enterprise Zones with 50 or fewer employees that do not qualify for the Employee Tax Credit | 4/15/2025 | Varies | See More Details Here |
| Taxation and Revenue New Mexico | Veteran Employment Tax Credit | To apply for the credit you must complete Form RPD-41371, Application for Veteran Employment Tax Credit, and attach a Form RPD-41370, Certification of Eligibility for the Veteran Employment Tax Credit, for each qualified military veteran included in the total credit which is summarized on the application, Form RPD-41371. | Small business employing a veteran | Rolling | Varies | See More Details Here |
| Taxation and Revenue New Mexico | Technology Jobs and Research and Development | To claim the technology jobs tax credit, attach this completed Technology Jobs Tax Credit Claim Form, to the CRS-1 (Prior to July 1, 2021), PIT-1, CIT-1, FID-1 or S-Corp return on which you wish to apply the credit on or before the due date of the return. You may apply this credit when you file your return online. Sign into Taxpayer Access Point (TAP) at https://tap.state.nm.us, and follow the prompts to attach this form. | Business with qualified research and development | Rolling | Varies | See More Details Here |
| Taxation and Revenue New Mexico | Rural Job Tax Credit | A Rural Job Tax Credit is offered to employers who are eligible for Job Training Incentive Program assistance. It is based on the wages earned in qualifying jobs occupied by an eligible employee for at least forty-eight (48) weeks during a qualifying period. | Business with qualified employees in the area | Rolling | Varies | See More Details Here |
| Taxation and Revenue New Mexico | Research and Development Small Business | When claiming the research and development tax credit, this form must accompany the CRS-1 form to which the taxpayer wishes to apply the credit. For report periods beginning after July 1, 2011 but not after June 30, 2015, a qualified research and development small business may claim a credit for all gross receipts taxes or 50% of withholding taxes paid on behalf of employees and owners with no more than five percent ownership that are due to the state or payable by the taxpayer with respect to that business for that report period. The credit must be claimed within one year after the end of the report period to which the credit is applicable. | Business with qualified research | Rolling | Varies | See More Details Here |
| Empire State Development Corporation | Excelsior Jobs Program | The Excelsior Jobs Program provides job creation and investment incentives to firms in targeted industries such as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture and manufacturing.Firms in these industries that create and maintain new jobs or make significant financial investment are eligible to apply for up to five tax credits.The Program encourages businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Program costs are capped annually to maintain fiscal affordability and ensure that New Yorkers realize a positive return on their investment. The Program is limited to firms making a substantial commitment to growth – either in employment or through investing significant capital in a New York facility. | Businesses creating new jobs in New York | Rolling | Varies | See More Details Here |
| Empire State Development Corporation | Life Sciences Research and Development Credit | This program is available to a new business entity that devotes the majority of its efforts to the various stages of research, development, technology transfer and commercialization related to any life sciences field.Qualified life sciences companies may be eligible to receive a fully refundable credit based on qualified research and development expenditures incurred in New York State (NYS). The credit is 15% for a company that employs 10 or more persons and 20% for a company that employs fewer than 10 persons. | New life sciences businesses in New York | Rolling | Varies | See More Details Here |
| Empire State Development Corporation | Employee Training Incentive Program | The Employee Training Incentive Program provides refundable tax credits to New York State employers for skills training that upgrades or improves the productivity of their employees. Businesses can also receive tax credits for approved internship programs that provide training in advanced technology, life sciences, software development or clean energy. Employee Training Incentive Program: a credit of 50% of eligible training costs, up to $10,000 per employee receiving eligible training. Internship Program: a credit of 50% of the stipend paid to an intern, up to $3,000 per intern. | New York employers | Rolling | Varies | See More Details Here |
| State of Oregon | Enterprise Zone Program | Eligible businesses are primarily firms that provide goods, products, or services to businesses or other organizations through, but not limited to, manufacturing, processing, shipping, assembly, and fabrication. In addition, businesses engaged in retail or financial services are eligible if (1) the activity serves customers by responding to orders or requests received only by telephone, computer, the Internet or similar means of telecommunications; and (2) not less than 90 percent of the customers or orders are located and originate in an area from which long distance phone charges would apply if the order were placed by phone. | Oregon Business | Rolling | Varies | See More Details Here |
| State of Oregon | Investment Tax Credit | Reimbursement on research activities within the fiscal year. | Oregon Business | Rolling | Varies | See More Details Here |
| State of Oregon | Oregon Investment Advantage (OIA) | The Oregon Investment Advantage is a 10-year taxable income exemption for a certified business in eligible locations. It can often be combined with property tax abatement programs. Companies setting up operations in an eligible county can be certified as many as 10 consecutive times to annually deduct or subtract taxable income related to those operations, potentially eliminating any state business income tax liability for that period. | Oregon business in any sector that is 1) located in a qualified county (regarding income and unemployment rates) and 2) On land zoned for industrial uses or located inside the urban growth boundary (UGB) of a city that has a population of 15,000 or less. | Rolling | varies | See More Details Here |
| Rhode Island Division of Taxation | Historic Preservation Credit | The redevelopment and reuse of these historic structures are of critical importance to the economic measures and will assist in stimulating the reuse and redevelopment of historic structures and will improve property values, foster civic beauty, and promote public education, pleasure, and welfare. The purpose of this chapter is to create economic incentives for the purpose of stimulating the redevelopment and reuse of Rhode Island's historic structures. | Rhode Island Business in designated area | Rolling | Varies | See More Details Here |
| Rhode Island Division of Taxation | Motion Picture Production Tax Credit | The primary objective of this chapter is to encourage development in Rhode Island of a strong capital base for motion picture film, videotape, and television program productions, in order to achieve a more independent, self-supporting industry. | Business with a motion picture in Rhode Island | Rolling | Varies | See More Details Here |
| Rhode Island Division of Taxation | Rhode Island New Qualified Jobs Incentive Act 2015 | The Rhode Island qualified jobs incentive program is hereby established as a program under the jurisdiction of and shall be administered by the commerce corporation. The program may provide tax credits to eligible businesses for an eligibility period not to exceed ten (10) years. | Rhode Island Business | Rolling | Varies | See More Details Here |
| Rhode Island Division of Taxation | Rebuild Rhode Island Tax Credit | The rebuild Rhode Island tax credit program is hereby established as a program under the jurisdiction and administration of the commerce corporation. The program may provide tax credits to applicants meeting the requirements of this chapter for an eligibility period of five (5) years. On an annual basis, the commerce corporation shall confer with the executive office of commerce, the department of administration, and the division of taxation regarding the availability of funds for the award of new tax credits. | Rhode Island Business | Rolling | Varies | See More Details Here |
| North Carolina Department of Commerce | Manufacturing, Machinery and Equipment, Sales and Use Tax Exemption | Mill machinery, a term that generally includes manufacturing machinery, is exempt from sales and use tax. For a list of items that are classified as mill machinery, please see the North Carolina Department of Revenue Sales and Use Tax Technical guides.. | North Carolina Manufacturers | Rolling | Varies | See More Details Here |
| North Carolina Department of Commerce | Electricity, Fuel and Natural Gas, Sales and Use Tax Exemption | Retail sales, as well as the use, storage or consumption of electricity, fuel and piped natural gas sold to a manufacturer are exempt from sales and use tax for use in a manufacturing operation. This exemption does not apply for a facility not primarily engaged in manufacturing. For purposes of the exemption, a “facility” is (1) a single building or (2) a group of buildings that are located on a single parcel of land or on contiguous parcels of land under common ownership. “Facility” also refers to any other related real property contained on the parcel(s) where manufacturing activity occurs. | North Carolina Manufacturers | Rolling | Varies | See More Details Here |
| North Carolina Department of Commerce | Raw Materials, Sales and Use Tax Exemption | Purchases of ingredients or component parts of a manufactured product that become an ingredient or component part of tangible personal property are exempt from sales and use tax. In addition, packaging items that constitute a part of the sale (retail or wholesale) and are delivered with the product to the customer are exempt from sales and use tax. | North Carolina Business making tangible products | Rolling | Varies | See More Details Here |
| North Carolina Department of Commerce | Inventory, Property Tax Exclusion | North Carolina and its local governments do not levy a property tax on inventories.Inventories owned by contractors, manufacturers and merchants (retail and wholesale) are excluded from property tax. Inventories are defined as goods held for sale in the regular course of business by manufacturers, retail and wholesale merchants and construction contractors. For manufacturers, the term inventory includes raw materials, goods in process and finished goods, as well as other materials or supplies that are consumed in manufacturing or processing. Inventory also refers to any commodity or part thereof that accompanies and becomes part of the property being sold. | North Carolina Business | Rolling | Varies | See More Details Here |
| North Carolina Department of Commerce | Research and Development Activities for Physical, Engineering and Life Science Companies | Sales of equipment, or an attachment or repair part for equipment for companies primarily engaging in research and development activities in the physical, engineering, and life sciences, including in the industry group, 54171 NAICS code is exempt from sales and use tax. | North Carolina Business | Rolling | Varies | See More Details Here |
| North Carolina Department of Commerce | Software Publishing Activities for Software Publishers | Sales of equipment, or an attachment or repair part for equipment for companies primarily engaging in software publishing activities for software publishers, including in the industry group, 5112 NAICS code is exempt from sales and use tax. | North Carolina Business | Rolling | Varies | See More Details Here |
| State of Oregon | Work Opportunity Tax Credit | Work Opportunity Tax Credit (WOTC) is a Federal tax credit designed to incentivize employers to hire individuals who face barriers to employment. Qualifying individuals include some veterans, or simply those who have been unemployed for an extended period. | Oregon Business | Rolling | Varies | See More Details Here |
| North Dakota Commerce Department | Renaissance Zone Incentives | Businesses may qualify for one or more tax incentives for purchasing, leasing, or making improvements to real property located in a North Dakota renaissance zone. The tax incentives consist of a variety of state income tax exemptions and credits, and local property tax exemptions. | North Dakota business purchasing, leasing, or making improvements to real property located in a North Dakota renaissance zone | Rolling | varies | See More Details Here |
| North Dakota Department of Commerce | Research and Experimental Expenditures Tax Credit | A partnership, corporation, or limited liability company is allowed an income tax credit for conducting research in North Dakota. The credit is equal to a percentage of the excess of qualified research expenses in North Dakota over the base period research expenses. Additionally, a certified primary sector business with less than $750,000 in annual gross revenues may sell, assign, or otherwise transfer up to a lifetime total of $100,000 of unused tax credit for an additional source of income. | Businesses conducting research in North Dakota | Rolling | varies | See More Details Here |
| North Dakota Office of State Tax Commissioner | Sales and Use Tax Exemption | North Dakota provides sales tax exemptions for equipment and materials used in manufacturing and other targeted industries. A new or expanding plant may be exempt from sales and use tax on purchases of machinery or equipment used for manufacturing, agricultural commodity processing or recycling. Equipment includes computer, telecommunications and IT equipment that is part of a primary sector business or a physical or economic expansion of a primary sector business. | North Dakota businesses purchasing certain equipment for use in business | Rolling | varies | See More Details Here |
| North Dakota Department of Commerce | Corporate Income Tax Exemption | New corporations that qualify as primary sector businesses may pay $0 in corporate income taxes for the first five years of their existence in North Dakota, if they apply for and are granted an exemption through the State Board of Equalization. Significant expansions beyond the initial location of a primary sector business may apply for an additional five-year corporate income tax exemption. | New North Dakota corporations that qualify as primary sector businesses | Rolling | varies | See More Details Here |
| North Dakota Office of State Tax Commissioner | New/Expanding Business Income Tax Exemption | A primary sector or tourism business may qualify for an income tax exemption for up to five years. "Primary sector" refers to a business that adds value to a product, process, or service that produces new wealth in North Dakota. "Tourism" refers to a tourism-related business that is a destination attraction. Eligibility is limited to a new business or to an existing business that expands its operations in North Dakota. The exemption must not foster unfair competition or endanger an existing business. | New North Dakota businesses (first year of operations or expansion) | Rolling | varies | See More Details Here |
| North Dakota Office of State Tax Commissioner | Automation Credit - 21st Century Manufacturing Workforce Incentive | A taxpayer is allowed an income tax credit for the purchase or capital lease of new or used automation and robotic equipment that upgrades or advances a manufacturing process, resulting in improved job quality or increased productivity in North Dakota.The credit is equal to 20% of the purchase cost or the equipment’s fair market value if a capital lease. The total credits allowed for all qualifying purchases by all taxpayers is limited to $1 million per year. This credit expires in 2022. | North Dakota business upgrading a manufacturing process | 4/15/2025 | $1,000,000 | See More Details Here |
| North Dakota Office of State Tax Commissioner | Internship Employment Credit | A taxpayer is allowed an income tax credit for employing an individual under and internship in North Dakota. The An intern must be enrolled in a college or vocational program majoring in a field related to the work to be performed. The internship must be for academic credit. The credit is equal to 10% of the compensation paid to the intern. The credit is allowed for up to 5 interns at the same time. an employer is allowed no more than $3,000 of credits for all tax years. | North Dakota businesses hiring qualified interns | 4/15/2025 | $3,000 | See More Details Here |
| North Dakota Office of State Tax Commissioner | Agricultural Commodity Processing Facility Investment Tax Credit Program | This program provides an incentive to invest cash or real property in a new or existing business operating in North Dakota that either (1) adds value to an agricultural commodity raised in North Dakota or (2) is a livestock feeding, handling, milking, or holding operation that uses a byproduct of a biofuels production facility. | A “qualified business” is a business that the North Dakota Commerce Department’s Division of Economic Development and Finance certifies (see “Certification of business” below) as meeting all of the following conditions: It is a cooperative, corporation, partnership, or limited liability company. It is incorporated or organized in North Dakota after December 31, 2000, for the primary purpose of either (1) employing knowledge and labor to add value to an agricultural commodity capable of being raised in North Dakota or (2) operating a livestock feeding, handling, milking, or holding business that utilizes in its operation a byproduct produced by a biofuels production facility. o “Biofuels production facility” means a corporation, limited liability company, partnership, individual, or association located in North Dakota engaged in producing diesel fuel containing at least 5% biodiesel or green diesel as defined under N.D.C.C. § 57-43.2-01, producing corn- or cellulose-based ethanol, or crushing soybeans or canola. It has been certified by the North Dakota Securities Commissioner to be in compliance with North Dakota’s securities laws. It has an agricultural commodity processing facility, or intends to locate one, in North Dakota. | Rolling | $50,000 | See More Details Here |
| North Dakota Office of State Tax Commissioner | AGRICULTURAL BUSINESS INVESTMENT TAX CREDIT | The amount of the credit to which a taxpayer is entitled is thirty percent of the amount invested by the taxpayer in qualified businesses during the taxable year. The maximum annual credit a taxpayer may obtain under this section is fifty thousand dollars and no taxpayer may obtain more than two hundred fifty thousand dollars in credits under this section over any combination of taxable years. This subsection may not be interpreted to limit additional investment by a taxpayer for which that taxpayer is not applying for a credit. | In order to be certified as a qualified business, the business must meet the following requirements: • The business must be a cooperative, corporation, partnership, or limited liability company; • Is incorporated or organized in this state after December 31, 2000 for the primary purpose of processing and marketing agricultural commodities capable of being raised in this state; • The business must be in compliance with the requirements for filings with the securities commissioner under the securities laws of North Dakota. This often involves making a notice filing. If you have any questions regarding compliance, please contact the ND Securities Department at 1-800-297-5124; • The business has an “agricultural commodity processing facility”, or intends to locate one, in this state; o “Agricultural commodity processing facility” is: A facility that through processing involving the employment of knowledge and labor adds value to an agricultural commodity capable of being raised in this state, or A livestock feeding, handling, milking, or holding operation that uses as part of its operation a byproduct produced at a “biofuels production facility”. o “Biofuels production facility” is: A corporation, limited liability company, partnership, individual, or association in this state involved in production of diesel fuel containing at least five percent biodiesel meeting the specifications adopted by the American Society for Testing and Materials; Involved in the production of corn-based ethanol or cellulose-based ethanol; or Involved in soybean or canola crushing facility. | Rolling | $50,000 | See More Details Here |
| North Dakota Office of State Tax Commissioner | Workforce Recruitment Credit | Businesses may receive an income tax credit for employing extraordinary recruitment methods to recruit and hire employees for hard-to-fill positions in North Dakota. The credit is equal to 5% of the compensation paid during the first 12 consecutive months to an employee hired to fill a hard-to-fill employment position and is allowed in the first tax year following the tax year in which the employee completes the 12 consecutive month employment period. The employer must pay an annual salary that is at least 125% of North Dakota’s average wage | North Dakota businesses recruiting and hiring for hard to fill positions | 4/15/2025 | varies | See More Details Here |
| Oklahoma Commerce | Quality Jobs Incentive Program | The Quality Jobs incentive program promotes job growth and helps improve a company’s bottom line through a cash payment to companies that create well-paying jobs and promote economic development. This program provides quarterly cash payments up to 5% of new payrolls for up to 10 years, up to 6% rebate if at least 10% of new payroll is comprised of qualified military veterans. | Oklahoma businesses expanding in or relocating jobs to Oklahoma | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Small Employer Quality Jobs Program | The Small Employer Quality Jobs Program Allows qualifying small businesses (500 employees or less) to receive up to a 5% cash-back incentive for up to 7 years to locate or expand in Oklahoma. Qualifying payroll must be up to a 5% cash-back incentive for up to 7 years to locate or expand in Oklahoma. Must create at least 5 jobs, offer basic health insurance, and have at least 35% out of state sales. | Small businesses (500 employees or less) that are locating to or expanding in Oklahoma | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Quality Jobs Program | Oklahoma’s Quality Jobs incentive program is a 10-year cash rebate that promotes job growth and helps improve your company’s bottom line by injecting cash back into your business as you expand and create new jobs in Oklahoma. The Quality Jobs program provides a cash rebate to companies that create well-paying jobs and promote economic development. | Companies must achieve an average wage threshold and $2.5 million in new annual payrolls within three years to qualify. Companies must offer basic health insurance to employees. In some cases, qualifying companies must also attain 75% out-of-state sales. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Quality Jobs + Investment Tax Credits | The credits allow a five-year tax credit on the greater of 2 percent per year of investment in qualified new depreciable property or credit of $1,000 per year per new job. | These tax credits target manufacturing industries that have a large capital investment of at least $40 million in addition to creating new jobs that pay higher than the state average wages. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Rural Jobs Act | The Oklahoma Rural Jobs Act promotes greater access to capital for qualifying small businesses located in rural areas of the state. Rural Funds, their affiliates or investors may earn a tax credit on the amount equity that they invest in a Rural Fund, which must then deploy as capital expenditures to provide financing for small businesses in rural Oklahoma | At least 10%, or $2,000,000, of the $20,000,000 certified capital investment eligible for tax credits, must be raised from sources including directors, members, employees, officers or affiliates of the approved rural fund. Funds must be deployed to eligible areas per the map on the Oklahome Commerce website. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Strategic Industrial Development Enhancement (SIDE) Act | The Strategic Industrial Development Enhancement (SIDE) Act promotes the competitiveness of rural industrial parks by improving connections between railroads and industrial park developments. This can be done through projects that include qualified economic development expenditures in industrial parks, qualified initial infrastructure expenditures associated with industrial parks, or a combination of the two. | A qualifying project is the new construction or expansion of an eligible entity or the development of qualified initial infrastructure to serve an eligible entity in a qualifying project location. Reciients must be an entity that is incorporated and located in Oklahoma with a qualifying project in a qualifying project location. The entity may be incorporated in any state but must be located in the state to satisfy this definition. Qualifying project locations include: • An industrial park, an economic development zone, or a port located within an Oklahoma county with a population less than 100,000; OR • Any location adjacent to a terminal, switching, or class II or III railroad as defined by the Federal Surface Transportation Board. Please note that a terminal, switching, Class II or III railroad must be recognized as a common carrier by the Federal Surface Transportation Board. Expenditures for land improvements, building construction, building improvements, and expansion, port terminal improvements, and the purchase of certain machinery and equipment. Qualifying machinery and equipment generally applies to: • Machinery and equipment that is fixed to real property (equipment that will transfer ownership upon sale of the property). • Examples include HVAC, air handling, water treatment, etc. • Does NOT include any type of vehicles (Ex: locomotives, forklifts, etc.). Expenditures for new rail infrastructure and improvements, which includes the acquisition of right-ofway, engineering, construction of new track such as industrial leads, switches, spurs, and sidings, loading dock improvements, and transloading structures involved with providing rail service to a qualifying project. The information needed to apply can be found in the sample PDF application posted on the SIDE Act website. Please note, that while the sample application contains the pertinent questions and content needed for submission, the document is NOT final and is subject to minor changes. Updates and additional information will be made available via the website. How are applications submitted? Applications must be submitted online via a link on the website. All applications received via any other means (for example: mail, fax, email, etc.) will be rejected. When will the application be available? A link to the online application will be posted to the SIDE Act website on the first day of the open period. However, a sample PDF application is posted on the SIDE Act website to allow applicants to review and prepare to apply. | 7/11/2025 | varies | See More Details Here |
| Oklahoma Commerce | Oklahoma Tourism Development Act | Oklahoma’s Tourism Development Act promotes investment in new or expanded tourism sites such as entertainment districts, destination hotels, arenas, museums, theme parks, cultural centers, and others tourism destinations. For projects that meet requirements, program participants may receive sales tax credits or a sales tax incentive payment annually for ten years. | Developers and qualifying entities operating a tourism attraction project. For projects that meet requirements, the eligible companies may receive sales tax credits or a sales tax incentive payment annually for up to 10 years up to the amount that is revenue-neutral to the state or 25% of the approved development costs, whichever is lower.The developer (owner) of the tourism attraction asset must complete an application and submit it to the Oklahoma Department of Commerce (Commerce) along with a business plan, marketing plan and development costs of the project.Commerce reviews the application materials and may grant a preliminary approval to the project at which time the developer must pay for a consultant report.After the consultant report is provided, Commerce determines the project’s revenue neutrality and maximum incentive.If approved, state sales taxes associated with the tourism attraction asset may be captured over a 10-year period.The recipient gets a payment every year for up to 10 years based on actual performance, not projections (Commerce works with the Oklahoma Tax Commission on the administration of the sales tax credit).To qualify, 25% of the visitors attracted must be from out of state.A maximum of $30 million can be credited back annually for all qualifying projects. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Investment / New Jobs Package | This package provides growing manufacturers a significant tax credit based on either an investment in depreciable property or on the addition of full-time-equivalent employees engaged in manufacturing, processing, or aircraft maintenance. | Participation in this benefit prohibits a manufacturer from participating in the Quality Jobs Program unless the manufacturer makes a qualifying capital investment in excess of $40 million.Manufacturers that invest in qualified new depreciable property and also hire new employees may compute the five-year tax credit either:By calculating 1% of the qualifying investment;or by multiplying $500 per new employee, and then choosing whichever credit is larger | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Business Expansion Incentive Program | The Business Expansion Incentive Program assists Oklahoma companies making major capital investments in depreciable items like machinery, equipment and buildings.This incentive makes annual cash payment awards to help companies grow and boost business expansion investments in Oklahoma.A typical incentive award is to a manufacturing company with an existing employee base making an investment of $5 million or more to expand their Oklahoma operation. | To qualify for the incentive, companies typically need to meet or exceed these requirements:$2 million or greater in capital investment$2 million or greater in total annual existing payroll | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Five-year Ad Valorem Tax Exemption | A qualifying manufacturing company can abate ad valorem taxes upon new, expanded or acquired manufacturing facilities and equipment for a period of five years. This incentive is available for manufacturing, research and development, warehouse and distribution, certain computer/data processing services, refinery and aircraft repair. | companies engaged in manufacturing, research and development, warehouse and distribution, certain computer/data processing services, refinery and aircraft repair. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Freeport Inventory Benefits | Exempts from taxation goods, wares and merchandise that come from outside the state and leave the state within nine months if such goods, wares and merchandise are held for assembly, storage, manufacturing, processing or fabricating purposes within the state. | Companies purchasing out of state materials in the eligible industries | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Customized Employee Training | Every business is different. That’s why we have flexible programs to meet your needs. Whether you’re a new or expanding company in our state, our nationally acclaimed Training for Industry Program (TIP) can help you create the quality workforce you need to be successful, all at little or no cost to you. TIP is delivered through Oklahoma’s system of 59 technology center campuses across the state. Some of the services we provide under TIP include job analysis, training needs assessment, pre-employment training, pre-production training, post-production training, instructional materials and development, and more. | Businesses providing employee training | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Foreign Trade Zones (FTZs) | The benefits of operating within a designated site licensed by the Foreign Trade Zones Board are many. At the very least, an FTZ can help you defer paying duties. More often, the company pays lower costs, not only to U.S. Customs, but to its bank, insurance company and other vendors. | Companies engaged in foreign trade | Rolling | varies | See More Details Here |
| Oklahoma Commerce | New Market Tax Credits | To spur private investment in low-income urban and rural communities, investors receive a 39 percent federal tax credit. | Investors | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Industrial Access Road Assistance | Designed to aid local industrial development efforts by funding, within practical limitations, access facilities connecting a specific industry or industrial area directly to the state or local road system. | Local industrial development companies performing eligible construction | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Aerospace Industry Engineer Workforce Tax Credits | Aerospace companies hiring engineers in a variety of fields will receive tax credit equal to 5% of the compensation paid to an engineer and 10% if the engineer graduated from an Oklahoma college or university, plus another credit of up to 50% of the tuition reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year. | Aerospace companies hiring engineers in a variety of fields will receive a tax credit equal to five (5) percent of the compensation paid to an engineer until January 1, 2026, or ten (10) percent if the engineer graduated from an Oklahoma college or university (up to $12,500 per employee per year), plus another credit of up to fifty (50) percent of the tuition reimbursed to an employee until January 1, 2026. Additionally, the engineer hired receives a tax credit of $5,000 per year until January 1, 2026. | Rolling | varies | See More Details Here |
| Greater Oklahoma City | Strategic Investment Program (SIP) | Oklahoma City's groundbreaking Strategic Investment Program (SIP) is a discretionary incentive fund designed to help companies that are looking to expand or locate their operations in Oklahoma City. The SIP is similar to the state's well-known Quality Jobs Program in that it provides qualifying companies who meet certain annual wage and new payroll / employment thresholds with cash payments. | Companies must be located in Oklahoma CityCompanies must hire a minimum of 50 full-time employees, produce an annual payroll of $1.75 million and meet specific average wage requirements. | Rolling | varies | See More Details Here |
| Greater Oklahoma City | OKC Film Incentive Program looks to boost film industry, other investments | Under the new incentive program, feature films that spend between $500,000 and $5 million in qualified expenses in Oklahoma City can receive up to 5% in rebates, while those projects that spend more than $5 million can earn up to 10% back in rebates. Television series, TV pilots and reality TV shows can earn up to 5% in rebates if they spend between $100,000 and $500,000 in qualified expenses; up to 10% if spending is more than $500,000. The rebate program stipulates that production companies must spend at least 50% of filming days within OKC’s city limits, among other requirements, to be eligible for the incentives. | Filmographers creating products in Oklahoma | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Automotive Engineer Workforce Tax Credit | Companies that manufacture or assemble motor vehicles, or manufacture automotive parts, and hire newly employed engineers may be eligible for a corporate income tax credit of up to 10% of the compensation paid to the engineer, plus an additional tax credit of up to 50% of the tuition cost reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year. | Vehicle manufacturing companies that manufacture or assemble motor vehicles hiring engineers that are newly employed in the vehicle manufacturing sector will receive a tax credit equal to 5% of the compensation paid to an engineer, and 10% if the engineer graduated from an Oklahoma college or university (up to $12,500 per employee per year), plus another credit of up to 50% of the tuition reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year for 5 years. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Software/Cybersecurity Workforce Tax Credit | Cybersecurity or software employees who have received a degree from an accredited institution can receive a tax credit up to $2,200 annually or $1,800 annually for qualifying employees who are awarded a certificate from a technology center. | employees who receive a degree from a ABET accredited institution, or $1,800 annually for qualifying employees who are awarded a certificate from a technology center accredited by the Oklahoma State Board of Career and Technology Education. To receive the credit, employees must meet strict educational requirements and obtain employment in a qualified industry for a qualified employer. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Manufacturing Sales Tax Exemptions | Oklahoma has a comprehensive sales tax exemption for manufacturers who qualify for and obtain a Manufacturer’s Sales Tax Exemption Permit (MSEP). | The exemptions cover purchases of machinery and equipment, energy and tangible personal property used in design, development and the manufacturing operation at the manufacturing site. | Rolling | varies | See More Details Here |
| Oklahoma Commerce | 21st Century Quality Jobs Program | This program is designed to attract growth industries and sectors to Oklahoma in the 21st century through a policy of rewarding businesses with a highly skilled, knowledge-based workforce. It reduces out-of-state sales requirements from 75% to 50% for industries that are required to have out-of-state sales, and requires only 10 full-time jobs at an annual wage typically 300% of the county average wage. It also maximizes the eligible incentive by allowing a net benefit rate of up to 10% of payroll. Target industries include: Knowledge-based service industries, including professional, scientific and technical services; music, film and performing arts; and specialty hospitals. | Oklahoma businesses in high-growth industries | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Oklahoma Business Expansion Incentive Program | The Business Expansion Incentive Program assists Oklahoma companies making major capital investments in depreciable items like machinery, equipment and buildings. This incentive makes annual cash payment awards to help companies grow and boost business expansion investments in Oklahoma. A typical incentive award is to a manufacturing company with an existing employee base making an investment of $5 million or more to expand their Oklahoma operation. | Businesses expanding in Oklahoma and making significant investments in facilities, machinery/equipment, and jobs | Rolling | varies | See More Details Here |
| Oklahoma Commerce | Investment/New Jobs Tax Credit Package | This is a five-year state tax credit on the greater of 1% per year of investment in new depreciable property, or $500 per new job. The company must make a minimum investment of $50,000. Qualified property includes all machinery, fixtures, and buildings, including warehousing or substantial improvements to buildings used in a manufacturing operation on a manufacturing site. Employees must be engaged in manufacturing, processing or aircraft maintenance. | Oklahoma businesses investing in depreciable property or adding full-time employees | Rolling | varies | See More Details Here |
| Oklahoma Employment Security Commission | Work Opportunity Tax Credit (WOTC) | The credit is used to reduce the federal tax liability of private/for-profit employers who hire employees from groups that have faced barriers to employment such as: TANF recipients; Disabled/Unemployed veterans; Ex-felons; vocational rehabilitation recipients; summer youth; food stamp recipients; SSI recipients; long term unemployed. Credits per employee range from $2,400 to $6,000, and from $12,000 to $24,000 per each long-term unemployed or disabled veteran employee. | Oklahoma businesses hiring workers who have traditionally faced significant barriers to employment. | Rolling | varies | See More Details Here |
| Tennessee Department of Revenue | Standard Job Tax Credit | Taxpayers that meet the requirements of a qualified business enterprise, make the required capital investment of at least $500,000 within three years (five years in a tier 3 or 4 enhancement county), and create a minimum number of qualified jobs from the investment may receive a job tax credit equal to $4,500 for each qualified job. | Tennessee’s incentives are limited to the following types of companies: Headquarters — Administrative, research and development, planning, marketing, personnel, legal not manufacturing, distribution, wholesaling or call centers.Manufacturing — Principle business is fabricating or processing of tangible property for resale.Data Centers — Building or buildings, either newly constructed or remodeled, housing high-tech computer systems and related equipment.Warehousing and Distribution — Storage or distribution of finished tangible personal property. Does not include a location where tangible personal property is processed, manufactured, sold to customers or assembled.Call Centers — Uses telecommunications in customer service, soliciting sales, reactivating accounts, surveys or research, fundraising, collecting receivables, reservations, taking or receiving orders. | Rolling | varies | See More Details Here |
| Tennessee Department of Revenue | Enhanced Job Tax Credit | The Enhanced Job Tax Credit allows an additional annual credit for locations/expansions in designated Tier 2, Tier 3, and Tier 4 Enhancement Counties. Enhanced JTC can offset up to 100% of F&E liability. Credit is equal to $4,500 per job created. Required number of jobs created varies by county. | Tennessee’s incentives are limited to the following types of companies: Headquarters — Administrative, research and development, planning, marketing, personnel, legal not manufacturing, distribution, wholesaling or call centers.Manufacturing — Principle business is fabricating or processing of tangible property for resale.Data Centers — Building or buildings, either newly constructed or remodeled, housing high-tech computer systems and related equipment.Warehousing and Distribution — Storage or distribution of finished tangible personal property. Does not include a location where tangible personal property is processed, manufactured, sold to customers or assembled.Call Centers — Uses telecommunications in customer service, soliciting sales, reactivating accounts, surveys or research, fundraising, collecting receivables, reservations, taking or receiving orders. | Rolling | varies | See More Details Here |
| Tennessee Department of Revenue | Sales and Use Tax Exemption | This incentive includes a sales tax exemption for industrial machinery and reduced sales tax rate for utilities for companies in manufacturing, warehousing/distribution, call centers (telecom equipment), data centers (hardware and software), and research and development. Reductions include: 0-1.5% tax on water depending on use and 0-1.5% on gas, electricity and various energy sources depending on use. | Tennessee companies | Rolling | varies | See More Details Here |
| Utah Governor's Office of Economic Opportunity | Economic Opportunity (EDTIF) Tax Credit | The EDTIF tax credit is a post-performance, refundable tax credit for up to 30% of new state revenues (sales, corporate, and withholding taxes paid to the state) over the life of the project (typically 5-10 years). Companies must create at least 50 jobs in urban counties and make significant capital investments. | Companies expanding in or relocating to Utah | Rolling | varies | See More Details Here |
| Utah Governor's Office of Economic Opportunity | Enterprise Zone Tax Credit | Non-refundable tax credits are available to eligible businesses in designated enterprise zones from the start of the tax year in which the designation is made. Unused credits may be carried over for three years.Companies creating a maximum of 30 new positions can qualify for a $750 tax credit for each new full-time position filled for at least six months during the tax year. There is an additional $500 tax credit if the new position pays at least 125% of the county average monthly wage for the respective industry. | Companies expanding in or relocating to Utah Enterprise Zones | 3/15/2025 | varies | See More Details Here |
| Utah Governor's Office of Economic Opportunity | Targeted Business Tax Credit | The TBTC program encourages local businesses to make investments in rural communities. Businesses with projects that meet established criteria may receive up to $100,000 in a refundable tax credit. The TBTC is a post-performance refundable tax credit that is awarded when benchmarks are met. Applications open each January 1st. | Companies creating jobs in rural Utah counties | 1/1/2026 | $100,000 | See More Details Here |
| Utah State Tax Commission | Credit for Increasing Research Activities | Utah companies engaged in research activities may claim a credit of: 5% of qualified expenses for increasing research activities in Utah above a base amount; 5% of certain payments made to a qualified organization increasing basic research in Utah above a base amount; or 7.5% of qualified research expenses in Utah for the current taxable year. There is no form for this credit. Keep all related documents with your records. | Utah companies engaged in research | 4/15/2025 | varies | See More Details Here |
| State of Ohio | Ohio Job Creation Tax Credit | Provides a refundable tax credit against a taxpayer's Commercial Activity Tax, insurance premium tax, Ohio corporate franchise tax or an individual's Ohio personal income tax obligations. The tax credit is based on the state income tax withheld by the taxpayer for new jobs created as result of new business investment in Ohio. The credit is given annually for the term of the credit. | Business creating at least 10 new jobs | Rolling | Varies | See More Details Here |
| State of Ohio | Enterprise Zones Program | Enterprise zones are designated areas of land in which businesses can receive tax incentives in the form of tax exemptions on eligible new investment. The Enterprise Zone Program can provide tax exemptions for a portion of the value of new real and personal property investment (when that personal property is still taxable) when the investment is made in conjunction with a project that includes job creation. Existing land values and existing building values are not eligible (except as noted within rare circumstances). | Business in designated areas in ohio | Rolling | Varies | See More Details Here |
| State of Ohio | Data Center Tax Incentive | The Data Center Tax Abatement provides a sales-tax exemption rate and term that allow for partial or full sales tax exemption on the purchase of eligible data center equipment. Projects must meet minimum investment and payroll thresholds to be eligible. Final approval of the tax exemption is contingent upon the approval of the Ohio Tax Credit Authority. | Data Center Business | Rolling | Varies | See More Details Here |
| South Dakota Department of Labor and Regulation | Work Opportunity Tax Credit (WOTC) | For all Target Groups except for Target Group 2A, 2B, 2C, 2D, & 2E Veterans, Disabled & Unemployed and Target Group 9. Long-Term TANF Recipient the tax credit applies to the first year of employment only. Wages capped at the first $6,000 of qualified wages. The maximum tax credit is $2,400 per new hire. | The Work Opportunity Tax Credit program reduces the employer's cost of doing business and requires little paperwork. The success and growth of this federal income tax credit for private-sector employers depends on a strong public and private sector partnership. Helping those in need find and retain jobs and gain on-the-job experience benefits all employers and increases America's economic growth and productivity. | Rolling | Varies | See More Details Here |
| South Dakota Governor Office | The Reinvestment Payment Program | The Reinvestment Payment Program provides reinvestment payments to projects in excess of $20,000,000, or with equipment upgrades in excess of $2,000,000. The awards are intended for projects that would not have occurred without the reinvestment payment. The program is a component of 2013’s “Building South Dakota” legislation, which focuses on education, housing, infrastructure, local economic development efforts, and large and small project needs. The Board of Economic Development oversees the Reinvestment Payment Program. | South Dakota Business | Rolling | Varies | See More Details Here |
| South Dakota Governor Office | South Dakota Jobs Program | This program is available to assist companies in offsetting the upfront costs associated with relocating or expanding operations and/or upgrading equipment in South Dakota. The program allows for project owners to receive a South Dakota Jobs Grant for new or expanded facilities with project costs less than $20,000,000, or for equipment upgrades with project costs less than $2,000,000. The Board of Economic Development oversees the South Dakota Jobs Program. | South Dakota Business | Rolling | Varies | See More Details Here |
| Brookings Economic Development Program | Brookings Property Tax Incentives | Brookings County offers a discretionary property tax formula for businesses investing $30,000 or more in new construction or expansion. | businesses investing $30,000 or more in new construction or expansion. | Rolling | Varies | See More Details Here |
| Brookings Economic Development Program | Brookings Sales Tax Incentives | The city of Brookings offers a sales tax incentive program. Contact BEDC to find out more about these programs. | Brookings businesses in retail | Rolling | Varies | See More Details Here |
| Texas Economic Development | Enterprise Zone Program | The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state. | Texas Business in designated area | Rolling | Varies | See More Details Here |
| West Virginia Economic Development | Aircraft Valuation | Aircraft owned or leased by commercial airlines, charter carriers, private carriers and private companies are valued for property tax purposes at the lower of fair market salvage value or 5% of the original cost of the property. | Aircraft owners | Rolling | Varies | See More Details Here |
| West Virginia Economic Development | Corporate Headquarters Credit | Companies that relocate their corporate headquarters to West Virginia are eligible for tax credits if 15 new jobs (including relocated employees) are created within the first year. The credit can offset up to 100% of the tax liability for business and occupation tax, corporate net income tax, and personal income tax on certain pass- through income, for a period of up to 13 years. | Companies creating corporate headquarters in West Virginia | Rolling | varies | See More Details Here |
| West Virginia Economic Development | Aircraft Valuation , Special Aircraft Property | All aircraft owned or leased by commercial airlines or private carriers, or any parts, materials or items used in the construction, maintenance or repair of aircraft which are, or are intended to become, affixed to or a part of an aircraft or of an aircraft’s engine or of any other component of an aircraft will be valued at “salvage value” or 5% of original costs, whichever is the lesser amount. | Aircraft owners | Rolling | Varies | See More Details Here |
| West Virginia Economic Development | High Wage Growth Tax Credit | The High Wage Growth Tax Credit program is designed to provide companies an income tax credit for creating high-paying jobs with health benefits. Eligible employers must create at least 10 jobs that pay at least 2.25 times the state median salary. The program allocates up to $5 million annually in credits, with awards based on job creation, wages, and economic impact. Application is required and managed by the West Virginia Department of Economic Development. | Employers must create at least 10 jobs that pay at least 2.25 times the state median salary. | Rolling | Varies | See More Details Here |
| West Virginia Economic Development | Economic Opportunity Credit | For qualified companies creating at least 20 new jobs within specified time limits (10 jobs for small businesses) as a result of their expansion , the Economic Opportunity Tax Credit can offset up to 80% of the corporate net income tax and personal income tax (on flow through income only) attributable to the investment. If the jobs pay an annual median wage higher than the statewide average non-farm payroll wage, then the company can offset up to 100% of the corporate net income tax and personal income tax (on flow through income only) attributable to the investment. For small business creating less than 10 new jobs, a $3,000 credit is allowed per new full-time job for five years, | West Virginia companies expanding and creating new jobs | Rolling | varies | See More Details Here |
| West Virginia Economic Development | High Tech Manufacturing Credit | Businesses that manufacture certain computers and peripheral equipment, electronic components or semiconductors, and that create at least 20 new jobs within one year after placement of qualified investment into service, can receive a tax credit to offset 100% of the corporate net income tax, and personal income tax on certain pass through income for 20 consecutive years. | West Virginia businesses that manufacture electronics or computer-related equipment or components | Rolling | varies | See More Details Here |
| West Virginia Economic Development | Five for Ten Program — Fractionating Plants and Secondary Plants | Special property tax valuation applies for 10 years to real property (excluding the value of unimproved land) and personal property of facilities that are or will be classified under the North American Industry Classification System (NAICS) with the six digit code number 211112 (natural gas liquid extraction “fractionating” plants) and to manufacturing facilities that use products produced at a facility with a 211112 NAICS code. The special property tax valuation applies to qualified capital additions of more than $10 million made to pre-existing manufacturing facilities that have a value in place before the capital addition of more than $20 million. The special property tax valuation is 5% of the cost of the qualified property instead of fair market value. For capital additions certified on or after July 1, 2011, the value of the land before any improvements is subtracted from the value of the capital addition, and the unimproved land value is not given salvage value treatment. | facilities that are or will be classified under the North American Industry Classification System (NAICS) with the six digit code number 211112 (natural gas liquid extraction “fractionating” plants) and to manufacturing facilities that use products produced at a facility with a 211112 NAICS code. | Rolling | varies | See More Details Here |
| West Virginia Economic Development | Manufacturing Investment Credit | A tax credit is allowed against up to 60% of corporate net income tax and based on qualified investment in eligible manufacturing property, with no new job creation required. | West Virginia Companies making investments in manufacturing property | Rolling | varies | See More Details Here |
| West Virginia Economic Development | The Freeport Amendment Exemption | Under this tax exemption, manufactured products produced in West Virginia and stored in the state for a short time before moving into interstate commerce are exempt from property tax. Second, goods transported into West Virginia from outside of the state, which are held for a short time in a warehouse and then shipped to a destination outside of West Virginia, are exempt from the property tax. | West Virginia companies engaged in manufacturing, information processing, warehousing, non-retail goods distribution, qualified research and development, destination-oriented recreation/tourism, or relocating corporate headquarters | Rolling | varies | See More Details Here |
| West Virginia Economic Development | Research and Development Sales Tax Exemption | Purchases of tangible personal property and services directly used in research and development are exempt from the consumer sales tax. | West Virginia companies engaged in research and development | Rolling | varies | See More Details Here |
| West Virginia Economic Development | Lodging Exemptions | For lodging stays more than 30 consecutive days per person at the same facility, there is an exemption from the state consumers’ sales and service tax (6%). | Any business providing lodging to employees | Rolling | varies | See More Details Here |
| West Virginia Economic Development | High Technology Valuation Act Exemption | Tangible personal property, including servers, directly used in a high-technology business or in an Internet advertising business, is valued for property tax purposes at 5% of the original cost of the property. In addition, sales tax is eliminated from all purchases of prewritten computer software, computers, computer hardware, servers, building materials and tangible personal property for direct use in a high-technology business or internet advertising business. | West Virginia high-tech businesses | Rolling | varies | See More Details Here |
| West Virginia Economic Development | Sales Tax Exemption for Certain E-Commerce Businesses | Some computer-related sales of tangible personal property and services are exempt from the consumer sales and services tax. | E-commerce bsinesses | Rolling | varies | See More Details Here |
| Wyoming Department of Revenue | Manufacturing Inventory Credit | Offsets the corporate net income tax in the amount of property tax paid on raw materials, goods in process and finished goods manufacturing inventory. | West Virginia manufacturers | Rolling | varies | See More Details Here |
| Wyoming Department of Revenue | Sales Tax Exemption for Certain Warehouse and Distribution Centers | Purchases of certain tangible personal property in qualified warehouse and distribution centers may be exempt from the consumer sales and service tax. | Warehouses and distribution centers | Rolling | varies | See More Details Here |
| Wyoming Department of Revenue | Manufacturing Sales Tax Exemption | The lease or sale of manufacturing machinery used directly and predominantly in the manufacturing process, and the purchase of fuel for transporters and fuel or power consumed directly in manufacturing or processing is exempt from sales tax. | Wyoming businesses engaged in manufacturing | Rolling | varies | See More Details Here |
| Wyoming Department of Revenue | Sales Tax Exemption on Electricity Used in Manufacturing | The sales tax burden is exempt on sales of power or fuel to a person engaged in the business of manufacturing, processing, or agriculture when the same is consumed directly in the manufacturing process. | Wyoming businesses engaged in manufacturing | Rolling | varies | See More Details Here |
| Wyoming Department of Revenue | Data Center Sales Tax Exemption | For Data Centers with $5 Million investment in capital infrastructure, and an additional $2 Million in data center equipment and software purchases, these purchases are sales tax exempt. For those making a $50 Million investment in capital infrastructure, HVAC and UPS system purchases are also sales tax exempt. | Wyoming data centers making significant capital investments, or investments in software or equipment | Rolling | varies | See More Details Here |
| Vermont Government | Downtown and Village Center Tax Credit | The Downtown and Village Center tax credit is designed to stimulate private investment, create jobs, restore historic buildings, and jumpstart the revitalization seen in Vermont Designated Downtowns and Village Centers. To find out if your project is eligible contact the Vermont Department of Housing and Community Development. | Vermont Business n the downtown or Village district | Rolling | varies | See More Details Here |
| Vermont Government | Investment Tax Credit | The purpose of the tax credit is to encourage investment in rehabilitation, energy, qualifying advanced coal projects, qualifying gasification projects, and qualifying advanced energy project credits. Your project must be eligible for and receive the federal tax credit to receive the Vermont tax credit. For more information, contact the Business Tax section. | Vermont Business | Rolling | varies | See More Details Here |
| Vermont Government | Machinery and Equipment | This tax credit is for businesses that contribute substantially to the economy of a Vermont Rural Economic Area Partnership (REAP) Zone. Qualifying businesses: Are Located in a REAP Zone, Create, produce, or process tangible personal property for sale, Propose to make qualified capital expenditures | Vermont business in Rural Zone | Rolling | varies | See More Details Here |
| Vermont Government | Research and Development | If you take the federal R&D credit, you may qualify for a state R&D credit on eligible expenditures made in Vermont. The Vermont credit can be taken in an amount equal to 27% of the federal tax credit allowed in the taxable year. This credit applies to personal income tax or business or corporate income tax. Any unused credit available may be carried forward up to 10 years. | Vermont business conducting qualified research | Rolling | varies | See More Details Here |
| Vermont Government | Vermont Entrepreneur's Seed Capital Fund | The purpose of this tax credit is to increase the amount of investment capital available to Vermont firms for their expansion. | Vermont Business | Rolling | varies | See More Details Here |
| Wisconsin Department of Revenue | Angel Investment Credit | The program provides tax credits to eligible Angel and Venture Fund investors who make cash equity investments in qualified early-stage businesses. If all eligibility requirements are met, investors receive a Wisconsin income tax credit equal to 25 percent of the value of the investment made in the certified company. The investments invented by this program provide the capital necessary for emerging growth companies to develop new products and technologies, move products to market and provide high-quality jobs in Wisconsin. | Wisconsin Business | Rolling | varies | See More Details Here |
| Wisconsin Department of Revenue | Development Zone Credit | The program supports job creation, job retention, capital investment and environmental remediation by providing nonrefundable tax credits that can help to reduce a company’s Wisconsin state income tax liability, thereby helping to enhance its cash flow to either increase the expansion project’s scope, accelerate the timing of the project or enhance payroll. Also, the program incents the creation of jobs for target group members. | Wisconsin Business | Rolling | varies | See More Details Here |
| Wisconsin Department of Revenue | Research Expenses Credit | A sales and use tax exemption is available for machinery and equipment and certain other tangible personal property and items, property, and goods described in sec. 77.52(1)(b), (c), and (d), Wis. Stats., that are used exclusively and directly in qualified research by eligible purchasers. | Wisconsin Business | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Commute trip reduction program - B&O tax/public utility tax credit | Employers and property managers who provide commute trip reduction incentives to or on behalf of their own or other employees. | Washington Business | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Hiring unemployed veterans - B&O tax and PUT credit | Employ a qualified employee for a full-time position located in Washington for at least two consecutive full calendar quarters on or after Oct. 1, 2016 and before June 30, 2022. | Washington Business | Rolling | varies | See More Details Here |
| Washington Department of Revenue | International Services - B&O tax credit for new employment | Persons providing international services, such as computer; data processing; information; legal; accounting and tax preparation; engineering; architectural; business consulting; business management; public relations and advertising; surveying; geological consulting; real estate appraisal; or financial services in designated geographical areas. | Washington Business | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Washington customized employment training program - B&O tax credit | Payments to the Employment Training Finance Account through the Customized Employment Training Program for customized employee training. | Washington Business | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Manufacturers Sales and Use Tax Deferral - Eligible Investment Projects | Construction of an eligible investment project by a manufacturer. "Eligible investment project" means an investment project for qualified buildings and machinery and equipment on two new, renovated, or expanded manufacturing operations per year, at least one of which must be located east of the crest of the Cascade mountains, and one of which must be located west of the crest of the Cascade mountains. The deferral provided in this section only applies to the state and local sales and use taxes due on the first ten million dollars in costs for qualified buildings and machinery and equipment. | Washington Business | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Main street tax credit - B&O tax/public utility tax credit | The credit(s) earned will be available for use on excise tax return(s) the following calendar year. In order to use the credit, a business must have a B&O tax or a public utility tax liability equal to or exceeding the amount of the credit. Credits cannot be carried forward to the next calendar year or refunded. | Washington Business | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Aerospace Credits | These credits are offered to Washington businesses involved in the aerospace industry | Manufacturers and processors for hire of commercial airplanes, component parts of commercial airplanes, or aerospace tooling for qualified preproduction development expenditures. An Annual Tax Performance Report must be filed by May 31 of each year after a year when a credit is taken. Electronic filing required.[910]Manufacturers of commercial airplanes, component parts of commercial airplanes, or aerospace tooling equal to property/leasehold excise taxes paid on new buildings, land, and the increased value of renovated buildings used exclusively for manufacturing commercial airplanes, component parts of commercial airplanes, or aerospace tooling and property taxes paid on equipment eligible for the manufacturing machinery and equipment (M&E) exemption. Aerospace non-manufacturers equal to property/leasehold excise taxes paid on new buildings, land, and the increased value of renovated buildings used exclusively in aerospace product development or in providing aerospace services and property taxes on qualifying computer equipment and peripherals used primarily in aerospace product development or in providing aerospace services. Credit can only be taken after property taxes have been paid. An Annual Tax Performance Report must be filed by May 31 of each year after a year when a credit is taken. Electronic filing required.[935]Aerospace Non-Manufacturers. Persons who develop, design, and engineer, but do not manufacture commercial airplanes and component parts thereof are eligible for a B&O tax credit for qualified preproduction development expenditures. The credit must be taken against taxes due for the same calendar year in which the qualified preproduction development expenditures are incurred. An Annual Tax Performance Report must be filed by May 31 of each year after a year when a credit is taken. Electronic filing required. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Aluminum Smelter Credits | Aluminum smelters may qualify for:a business and occupation (B&O) tax credit for property taxes paid, (credit ID 910) 82.04.4481an exemption from the state portion of retail sales tax and use tax on tangible personal property and all construction at the aluminum smelter, and (credit ID 905) 82.08.805 and 82.12.805an exemption from the natural gas use tax. | Aluminum smelters may qualify for:a business and occupation (B&O) tax credit for property taxes paid, (credit ID 910) 82.04.4481an exemption from the state portion of retail sales tax and use tax on tangible personal property and all construction at the aluminum smelter, and (credit ID 905) 82.08.805 and 82.12.805an exemption from the natural gas use tax. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Clean Alternative Fuel Commercial Vehicle and Vehicle Infrastructure Tax Credit | Tax incentive to encourage businesses to participate in clean fuel and commercial vehicle infrastructure programs | Businesses are eligible for a business and occupation (B&O) or public utility (PUT) tax credit based on:Purchases of new commercial vehicles and qualifying used commercial vehicles that are principally powered by a clean alternative fuel,Leases of new commercial vehicles that are principally powered by a clean alternative fuel (Effective July 1, 2016), orCosts to modify a commercial vehicle to be principally powered by a clean alternative fuel, including the purchase of tangible personal property incorporated into the vehicle and labor charges.Purchases of alternative fuel vehicle infrastructure component parts, as well as related installation and construction costs. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Destination Sourcing Tax Credit [602] | his credit applies only to Washington retail businesses that ship or deliver products they sell to in-state locations. | Beginning July 1, 2008, Washington businesses that ship or deliver goods in-state are required to charge sales tax based on where the customer receives the goods - the destination of the delivery. To help retailers with this change, eligible retail businesses may receive up to $1,000 in tax credits to offset any necessary changes to their accounting system, point of sale, or other systems. Retail businesses are eligible if they meet all of the following requirements:Registered with the Department of Revenue prior to July 1, 2008Physical presence in WashingtonGross sales for Washington State is less than $500,000 annuallyReceive at least 5% of their taxable sales income from deliveriesReceive at least 1% of their taxable sales income from deliveries outside the jurisdiction where they collect the most sales tax | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Employee Ownership Credit [2005] | Qualified businesses converting to an employee ownership structure may take a credit from the B&O tax for the costs related to the conversion. An application is required. | Credits can be earned for tax reporting periods starting on or before June 30, 2029. No credits can be claimed on returns for filing periods starting on or after July 1, 2030. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Manufactured Outside Washington MATC [67] | The law offers this credit to extractors or manufacturers doing business and paying qualifying gross receipts taxes on their extracting or manufacturing activity. This activity takes place in other states or taxing jurisdictions that are also taxable in Washington. | Manufacturers and Extractors | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Sold Outside Washington MATC [68] | The law offers this credit to extractors or manufacturers doing business and paying qualifying gross receipts taxes on their selling activity in other states or taxing jurisdictions that are also taxable in Washington. | Manufacturers selling out of state | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Hazardous Substance Tax [805] | Hazardous substance tax credit is allowed for the tax paid on the value of fuel carried from this state in the fuel tank of airplanes, ships, trucks, or other vehicles. In effect, this gives a tax credit for fuel that was taxed, but not used, in Washington. WAC 458-20-252. | Companies purchasing fuel | Rolling | varies | See More Details Here |
| Washington Department of Revenue | International Services Credit [855] | Businesses engaging in certain international services and creating and filling new employment positions in Community Empowerment Zones, or contiguous designated census tracts meeting certain unemployment and poverty criteria, may take the international services B&O tax credit. | International services companies | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Manufactured/Sold Inside Washington MATC [69] | The law offers this credit to a business that both extracts and/or manufactures and sells a product at wholesale or retail in Washington. | business that both extracts and/or manufactures and sells a product at wholesale or retail in Washington. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Multiple Activities Tax Credit (MATC) [800] | When a business performs more than one taxable activity for the same product, it reports each activity under the proper classification, but takes the MATC credit so B&O tax is not paid twice on the same amount. For instance, a business that both manufactures and sells a product at wholesale in Washington does not pay both manufacturing and wholesaling B&O tax | A credit is allowed so that B&O tax is paid only once. This also applies to a business that has paid a gross receipt tax to another state. Completion of the Multiple Activities Tax Credit, Schedule C is necessary each time credit is claimed. WAC 458-20-19301 | Rolling | varies | See More Details Here |
| Washington Department of Revenue | New Employees in Manufacturing and Research & Development in Rural Counties B&O Tax Credit | A credit against B&O taxes is available to businesses that have a business project that is manufacturing or research & development, is located in either a rural county or a Community Empowerment Zone (CEZ) and meets a 15% hiring increase in total employees (at that facility) from the previous four quarters and maintain the new positions for a year. | Applications must be received within 90 days after the first hire date. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Silicon Smelter Credits | Silicon smelters may qualify for an exemption from the brokered natural gas use tax. | Qualifying companies selling electricity, natural gas, or manufactured gas to a silicon smelter may receive a B&O or public utility tax credit, as long as the selling price is reduced by the credit amount. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Syrup Tax Credit [945] | Effective July 1, 2006, retailers that pay syrup tax when buying carbonated beverage syrup to make carbonated fountain drinks can claim a B&O tax credit. The portion of the syrup tax allowed as a credit increases each year as follows: July 1, 2006, to June 30, 2007, – 25%; July 1, 2007, to June 30, 2008, – 50%; July 1, 2008, to June 30, 2009, – 75%; After June 30, 2009, – 100%. | The credit must be claimed in the tax reporting period in which the syrup was purchased. The B&O tax credit can not be refunded. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Small Business B&O Tax Credit | Businesses below a certain B&O tax liability are entitled to a credit. The credit varies depending on the total amount of B&O tax due for all classifications after the business takes other available B&O tax credits. | Taxable income was 50% or more reported under Service and Other Activities, Gambling Contests of Chance, For Profit Hospitals, and/or Scientific R&D AND earnings below the posted limits | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Tobacco Products/Cigar Tax Credit [930] | Distributors who first possess tobacco products in the State of Washington are allowed to take credits for:Interstate and foreign sales - Available to distributors of tobacco products sold to retailers and wholesalers outside the state for resale. This credit may be taken only for the amount of tobacco products tax reported and previously paid on such products. No credit may be taken for a sale of tobacco products from a stock of goods in this state to a consumer outside the state. See RCW 82.26.110.Returned or destroyed goods - May be taken for tax previously paid when tobacco products are destroyed or returned to the manufacturer. Credits claimed against tax owed or as a refund of tax paid must be supported by documentation.Sales to the United States Government - Available to distributors of tobacco products sold to the US Government, or any of its agencies or instrumentalities. This credit may be taken only for the amount of tobacco products tax reported and previously paid on such products.Sales to Indian Tribal Organizations - Available to distributors of tobacco products sold to any Indian Tribal Organizations. This credit may be taken only for the amount of tobacco products tax reported and previously paid on such products | Distributors must document the credits. The documentation should conform to requirements outlined in WAC 458-20-185. For help calculating your credit, use the Tobacco Products/Cigar Tax Credit Worksheet (pdf). The credit is itemized on the Credits section of the excise tax return. | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Vapor Products Credit, All Other [993] | Businesses who first possess vapor products that are not accessible containers greater than 5 mL are allowed to take the All Other Vapor Products Credit for vapor products tax previously paid when the products are:Sold and shipped outside WashingtonSold to the United States GovernmentSold to a federally recognized tribe or enrolled tribal memberReturned to the manufacturerDestroyed | The credit is claimed on the excise tax return. You must keep documentation to substantiate this credit for five years. No credit is available for vapor products given away for free | Rolling | varies | See More Details Here |
| Washington Department of Revenue | Vapor Solution Credit, Accessible Containers Greater than 5 mL Credit [994] | Businesses who first possess vapor products that are accessible containers greater than 5 mL are allowed to take the Accessible Containers of Vapor Solution Greater than 5 mL Credit for vapor products tax previously paid when the products are:Sold and shipped outside WashingtonSold to the United States GovernmentSold to a federally recognized tribe or enrolled tribal memberReturned to the manufacturerDestroyed | The credit is claimed on the excise tax return. You must keep documentation to substantiate this credit for five years. No credit is available for vapor products given away for free. | Rolling | varies | See More Details Here |
| Indiana Economic Development Corporation (IEDC) | Venture Capital Investment (VCI) Tax Credit | The Venture Capital Investment Tax Credit supports innovative new business in IN in certain industries such as life sciences, technology, and research and product development. The VCI helps entrepreneurs and startups attract capital more quickly by giving investors an additional incentive to invest in growing firms. A change to the program will make the tax credits transferable starting in 2020, increasing the pool of potential investors for high-growth, early-stage companies to utilize the program. After a proposed business is deemed to be a Qualified Indiana Business (“QIB”), the venture capital investors are eligible for a non-refundable tax credit of up to 20% of their investment. | Venture capital investors investing in IN businesses | Rolling | Varies | See More Details Here |
| The Texas Enterprise Zone Program | The Texas Enterprise Zone Program | The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state. | Texas communities must nominate companies in their jurisdiction to receive an Enterprise Zone designation and thus be eligible to receive state sales and use tax refunds on qualified expenditures by submitting an application on the company’s behalf. | Rolling | Varies | See More Details Here |
| Manufacturing Extension Partnership (Arizona MEP) | R & D Tax Credits | The US government awards over $7.5 Billion in federal R&D Tax Credits each year with more than 20% going to small to medium sized businesses. Contact the AZMEP to see if your business qualifies. | Arizona Manufacturing businesses | Rolling | Varies | See More Details Here |
| State of Illinois - Department of Commerce and Economic Opportunity | Illinois Enterprise Zone Investment Tax Credit | The Enterprise Zone Investment Tax Credit allows a .5 percent credit against the state income tax for investments in qualified property, which is placed in service in an enterprise zone. Qualified property includes tangible property with a useful life of four or more years such as buildings, structural components of buildings, elevators, materials tanks, boilers, and major computer installations. | Illinois Businesses engaged in economic Development | Rolling | Varies | See More Details Here |
| North Carolina Department of Commerce | The New Market Tax Credit program | The New Market Tax Credit program was enacted to promote community investment from individuals and companies. The credit is provided to the company or individual that makes a qualified investment with a Community Development Entity (CDE). The invested money must be used by the CDE to provide low interest loans to new business ventures within a qualified census tract. | NC small businesses | Rolling | Varies | See More Details Here |
| Small Business Administration (SBA) | HubZone Program | The government limits competition for certain contracts to businesses in historically underutilized business zones. It also gives preferential consideration to those businesses in full and open competition. Joining the HUBZone program makes your business eligible to compete for the program’s set-aside contracts. HUBZone-certified businesses also get a 10 percent price evaluation preference in full and open contract competitions.HUBZone-certified businesses can still compete for contract awards under other socio-economic programs they qualify for. | Economic development in historically underutilized communities | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Employee Retention Credit | The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for certain eligible businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic.The requirements are different depending on the time period for which you claim the credit. The ERC is not available to individuals. | Businesses retaining employees | Rolling | $5,000 | See More Details Here |
| Internal Revenue Service | Work Opportunity Tax Credit (Form 5884) | The Work Opportunity Tax Credit incentivizes companies to hire employees from the following underserved populations: Veterans, Family assistance or food stamp recipients, Ex-felons, Individuals who have been unemployed long-term, Individuals receiving Supplemental Security Income (SSI), Designated community residents or summer youth employees living in federal empowerment zones. Claim the credit by filing Form 5884. | Companies hiring employees from underserved populations | Rolling | Varies | See More Details Here |
| Idaho Department of Commerce | Idaho Tax Reimbursement Incentive | The Tax Reimbursement Incentive (TRI) is a performance-based incentive featuring a tax credit of up to 30% for up to 15 years on new state tax revenues generated by companies seeking to expand in or relocate to Idaho by adding new, qualifying jobs. Companies in rural areas must create 20 new jobs, and those in urban centers must create 50. New jobs must be full-time (30 hours or more) and pay equal to or greater than the average county wage. Requires a meaningful community contribution. Company must prove its stability and a significant economic impact to the community and Idaho. | Idaho companies creating new jobs | Rolling | Varies | See More Details Here |
| Idaho Department of Commerce | Idaho Opportunity Fund | Funding for the Idaho Opportunity Fund is allotted at the discretion of the Idaho Commerce director for infrastructure improvements to help attract or accommodate a new commercial or industrial facility. This post-performance incentive awards a maximum credit of 30% on income, payroll withholdings and sales taxes for up to 15 years. Jobs must pay at least $40,000 annually plus benefits, with additional jobs paying an average of $15.50 per hour during project period. | Idaho businesses that invest at least $500,000 in new facilities and create at least 10 new jobs | Rolling | Varies | See More Details Here |
| Idaho Department of Commerce | Idaho Business Advantage | TRI is a performance-based economic development incentive that provides a tax credit up to 30% for up to 15 years on new corporate income tax, sales tax, and payroll taxes paid as a result of a new qualifying project. If your business invests at least $500,000 in new facilities and creates at least 10 jobs paying at least $40,000 a year with benefits, you may qualify for a wide package of incentives, including tax credits, sales tax rebates, and property tax exemptions. The credit is refundable and is available to both existing and new companies. | Idaho companies investing in facilities and creating high-paying jobs | Rolling | Varies | See More Details Here |
| Idaho Department of Commerce | 3% Investment Tax Credit | If your business is adding or bringing high-paying jobs to Idaho, you may be eligible for the Idaho Tax Reimbursement Incentive. This is an investment tax credit on all new depreciable, tangible, personal property (machinery and equipment) used in Idaho. | Idaho companies investing in new machinery and equipment | Rolling | Varies | See More Details Here |
| Idaho Department of Commerce | Workforce Development Reimbursements | Receive up to $3,000 in cash reimbursements for the training of new, full-time employees or for helping retain employees facing permanent layoff through workforce development training reimbursements. | Idaho companies training new employees or retaining employees through training | Rolling | Varies | See More Details Here |
| Empire State Development | Start-Up NY Sales Tax Credit | Business that participate in the START-UP NY program can claim a refund or credit of any sales or use tax paid on their purchases of tangible personal property, utility services, and certain taxable services. This includes New York State, MCTD, and local sales and use taxes. Must obtain a STR-1, START-UP NY Sales Tax and Real Property Transfer Taxes Benefits Certificate and file Form AU-11. | New York businessess participating in the START-UP NY program | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Advantage Arkansas Income Tax Credit (ACA §15-4-2705) | The Consolidated Incentive Act 182 of 2003, as amended, provides an income tax credit to an eligible company for creating new jobs after the company has signed a financial incentive agreement with the Arkansas Economic Development Commission. The annual payroll of the new employees must meet the payroll threshold for the county tier in which the business is located. The income tax credit earned is a percentage of the annual payroll of the new full-time permanent employees and is earned each tax year for a period of five (5) years. Unused credits may be carried forward for nine (9) years beyond the year in which the credit was first earned. The Advantage Arkansas job creation credit cannot offset more than 50% of a business’s income tax liability in any one tax year. | o claim the credit, attach a copy of the Certificate of Tax Credit issued by Tax Credits/Special Refunds Section to the tax return. | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Affordable Housing (ACA §15-5-1301 et seq.) | Provides for an income tax credit for any business firm engaged in providing affordable housing which is approved through the Arkansas Development Finance Authority. The tax credit is limited to 30% of the total amount invested in affordable housing assistance activities. The credit may not exceed the income tax otherwise due. Any unused credit may be carried forward for the next 5 succeeding tax years or until exhausted, whichever occurs first. | Arkansas Business providing affordable housing | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Apprenticeship Program (ACA §26-51-509) as amended [Applicable to tax years 2018 and thereafter] | Act 1042 of 2017 provides for an income tax credit in the amount of $2,000 or 10% of the wages earned by the youth apprentice for each qualified youth apprentice who is at least 16 years of age and is employed to learn an apprenticeable occupation or is in an apprenticeship or work-based learning program. To claim the benefits, a taxpayer must obtain a certification from the Office of Apprenticeship of the U.S. Department of Labor or the Department of Career Education, certifying to the Department of Finance and Administration that the taxpayer has met all the requirements and qualifications. | Arkansas Business providing an apprenticeship program | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | ArkPlus Income Tax Credit (ACA §15-4-2706(b)) | The Consolidated Incentive Act 182 of 2003, as amended, allows the Arkansas Economic Development Commission (AEDC) to provide a ten percent (10%) income tax credit to eligible businesses based on the total investment in a new location or expansion project. The ArkPlus Program requires a minimum investment and a minimum payroll based on the payroll of new full-time permanent employees hired after the date of a financial incentive agreement signed by AEDC. The minimum investment and payroll requirements are dependent upon the tier in which the business is located. Any unused credits may be carried forward for nine (9) years beyond the year in which the credit was first earned. The ArkPlus tax credits taken during any tax year shall not exceed fifty percent (50%) of the business’s income tax liability resulting from the project or facility. | Arkansas business with an expansion project | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Child Care Facility - Employer Provided Early Childhood Program (ACA §26-51-508) | Act 987 of 1993, as amended by Act 850 of 1995, allows an income tax credit of 3.9% of the annual salary of personnel employed exclusively for providing child care services to the business's employees, or a $5,000 income tax credit for the first tax year the business provides its employees with a child care facility. The credit is first available for use in the taxable year following the year the business makes payment of wages to childcare workers. Any unused credit may be carried forward two (2) years. To be eligible, the company must obtain a certification from the Arkansas Department of Education qualifying the facility as having an appropriate early childhood program. | Arkansas Childcare Facility | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Equipment Donation or Sale Below Cost or Qualified Research Credit (ACA §26-51-1101 et seq.) | This credit is for businesses donating or selling, or both, new machinery and equipment to a qualified educational institution in connection with a qualified education program or qualified research program such as: donations of new machinery and equipment; sales below cost of machinery and equipment; and cash donations for the purchase of new machinery and equipment by a qualified educational institution.To claim the credit granted by ACA § 26-51-1102, the taxpayer shall show that the Executive Director of Arkansas Economic Development Commission and the Director of the Department of Higher Education have approved the qualified research expenditure as a part of a Qualified Research Program. | Arkansas Business donating or selling qualified equipment to research institutions | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Research Park Authority (ACA § 26-51-1102(c)) | Ark. Code Ann. § 26-51-1102(c) authorizes a credit against Arkansas corporate income tax equal to 33% of a donation made to an accredited institution of higher education to support a research park authority. To claim this credit, a donation made in support of a research park authority shall: Be consistent with the research and development plan approved by the Board of Directors of the Arkansas Science and Technology Authority, as evidenced by a letter of support from the President of the Arkansas Science and Technology Authority; and Support either directly or indirectly research subject to being funded by one (1) or more federal agencies. Funds used under the provisions of this subchapter shall be used for the purposes of matching an approved grant from an eligible federal agency, limited to the following: The National Science Foundation; The National Institutes of Health; The Department of Energy; The Department of Defense; The Environmental Protection Agency; The National Aeronautics and Space Administration; The Department of Agriculture; The Department of Transportation; The Department of Commerce; The Department of Education; and The Department of Homeland Security. | Arkansas business donating to research park authority | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Qualified Research (ACA §26-51-1102(b)) | Ark. Code Ann. § 26-51-1102(b) authorizes a credit against a taxpayer's Arkansas corporate income tax or Arkansas individual income tax equal to thirty-three percent (33%) of the qualified research expenditures of a taxpayer in qualified research programs. To claim the credit, the taxpayer must show that the Arkansas Science and Technology Authority and the Department of Higher Education have approved the qualified research expenditure as a part of a qualified research program. | Qualified research in Arkansas | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Tax Back Sales and Use Tax Refund (ACA § 15-4-2706(d)) | The TaxBack Program provides sales and use tax refunds on the purchase of building materials, machinery and equipment to qualifying businesses that create new jobs as a result of construction, expansion, or facility modernization projects in Arkansas. This incentive program is available to all eligible businesses that meet the qualifications for investment and payroll thresholds for the county tier in which it locates or expands and are approved for benefits by the Arkansas Economic Development Commission. The approval is contingent upon receipt of a complete application and a local endorsement resolution for the city, county or both which authorizes the refund of its local taxes to the eligible company. To qualify, the eligible business must invest in excess of $100,000 and meet the eligibility criteria of the Advantage Arkansas or the Create Rebate job creation incentive program. The refund of state sales and use taxes shall not include the refund of taxes dedicated to the Educational Adequacy Fund and the taxes dedicated to the Conservation Tax Fund. | Arkansas business that meets the investment threshold in their county | Rolling | Varies | See More Details Here |
| Arkansas Department of Finance and Administration | Tourism Project Development Tax Credits (ACA §15-11-501 et seq.) | Act 291 of 1997, as amended by Act 1135 of 1999, and Act 2308 of 2005, allows an income tax and sales tax credits for a tourism attraction approved by the Arkansas Economic Development Commission. An eligible company must invest at least $500,000 if it locates in a high-unemployment county of at least $1,000,000 if located in any other county. Credit is 4% of the payroll of FT employees. | Tourist attraction based in Arkansas | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Create Rebate Program (ACA §15-4-2707) | The Create Rebate program provides qualified businesses a financial incentive equal to 3.9 to 5 percent of the annual payroll of new full-time permanent employees. The program requires a minimum payroll of $2,000,000 within 24 months for the new full-time permanent employees hired after the date of the financial incentive agreement. The payroll rebate benefit can only be authorized at the discretion of the Director of the Arkansas Economic Development Commission and may be offered for up to ten (10) years. | The Create Rebate incentive may also be awarded by AEDC to technology-based enterprises that have a minimum annual payroll of $250,000 and pays wages at least 175% of the state or county average hourly wage, whichever is less. The payment amount will equal 5% of the company’s annual payroll for the new full-time permanent employees. | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Delta Geotourism Incentive Act 518 of 2007 | Act 518 of 2007, as amended by Acts 349 and 1192 of 2009 and Act 738 of 2011, provides an income tax credit to geotourism-supporting businesses approved by the Arkansas Department of Parks and Tourism that invests a minimum of $25,000. The credit is equal to 25% of the qualified investment; however, the maximum amount of investment considered for the credit each year is $250,000. Any unused credit may be carried forward for 5 years after the tax year the credit was earned, or until exhausted, whichever event occurs first. Geotourism tax credits may be sold, transferred or assigned to recipients both within the Lower Mississippi River Delta and outside of that area. | To claim the credits authorized, attach to the tax return a copy of the Certificate of Tax Credit issued by DFA Revenue Tax Credits/Special Refunds Section. | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Motion Picture Incentives (ACA §15-4-2001 et seq.) | The Digital Product and Motion Picture Industry Development Act of 2009 as amended by Act 367 of 2019 and Act 797 of 2021 provides a rebate or tax credit to qualifying production companies that have been approved by the Arkansas Economic Development Commission. The rebate/credit is equal to 20% of production and post-production costs in connection with a state-certified film project. The tax credit has a five-year carry-forward and may be sold or transferred by the production company. Additionally, a 10% payroll rebate may be authorized for certain payroll of full-time Arkansas residents or Veterans. | To receive incentives under this program, the qualifying production company must apply to the Arkansas Economic Development Commission. For information regarding application into the Motion Picture Incentive Program, contact Arkansas Economic Development at (501) 682-1121 or visit their website at http://arkansasedc.com/. | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Historic Rehabilitation Income Tax Credit Act (ACA §26-51-2201 et seq.) | ACA § 26-51-2204 (Act 48 of 2009) provides an income tax or premium tax credit to owners of eligible property that have received a certification of completion from the Department of Arkansas Heritage. The credit is equal to 25% of total qualified rehabilitation expenses on the first $500,000 expenses on income-producing property; or $100,000 of qualified expenses on non-income-producing property. The income tax credit shall be available to an owner of an eligible property that completes a certified rehabilitation that is placed in service after January 1, 2009; has a minimum investment of $25,000; and is not receiving a tax credit under any other state law for the same eligible property. | states that the income tax credit is allowed only one (1) time in twenty-four-month period for each eligible property. | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | In-House Research by Targeted Business Income Tax Credit (ACA §15-4-2708(c)) | The Consolidated Incentive Act 182 of 2003, as amended by Act 1596 of 2007, provides for income tax credits for businesses deemed by the Arkansas Economic Development Commission to fit within the six (6) business sectors classified as “targeted businesses” may enter into a financial incentive agreement for income tax credits based on qualified research and development expenditures. An eligible business may be approved for an income tax credit each year equal to 33% of the qualified research and development expenditures incurred each year for the first five (5) years of the financial incentive agreement. As with the job creation income tax credits for targeted businesses, the income tax credit for research and development earned by targeted businesses may be sold. The business must make application to the AEDC within one year of issuance. The credits can only be sold one time. Any unused credits may be carried forward for a maximum of nine (9) years. | To claim the credits authorized, attach to the tax return a copy of the Certificate of Tax Credit issued by the Arkansas Science and Technology Authority. | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Investark Program Sales and Use Tax Credit (ACA §15-4-2706(c)) – Sunset by Act 465 of 2017 (no new projects after June 30, 2017) | The Consolidated Incentive Act 182 of 2003, as amended, provides the InvestArk Program sales and use tax credit to qualified established businesses in Arkansas that invest $5 million or more at a single location in plant or equipment for new construction, expansion, or modernization. All project cost must be incurred within four (4) years from the date the project is approved by the Arkansas Economic Development Commission. In order to qualify a business must have been in continuous operation in the state for at least two (2) years. A credit against the business’ state direct-pay sales and use tax liability, equal to one-half percent (1/2%) above the sales and use tax rate in effect at the time of application, is earned based on the total eligible projects costs. The credit may be applied against the business’s direct-pay state sales and use tax liability in the year following the year of expenditure. Any unused credits may be carried forward for a period of up to five (5) years. In any year, tax credits taken under this program cannot exceed 50% of the business’ direct-pay sales and use tax liability on taxable purchases. | To receive incentives under this program, the qualifying business must apply to the Arkansas Economic Development Commission. For information regarding application into the InvestArk Program, contact Arkansas Economic Development at (501) 682-1121 or visit their website at http://arkansasedc.com/. | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | In-House Research Income Tax Credit (ACA §15-4-2708(b)) | new or existing eligible businesses that conduct in-house research in a research facility operated by the business and that qualify for federal research and development tax credits may qualify for an income tax credit equal to twenty-percent (20%). The income tax credit may be used to offset one hundred percent (100%) of an eligible business’s annual income tax liability. Unused credits may be carried forward for a period not to exceed nine (9) years. | businesses that conduct in-house research in a research facility operated by the business and that qualify for federal research and development tax credits | Rolling | varies | See More Details Here |
| Arkansas Department of Finance and Administration | Existing Workforce Training Act (ACA §6-50-701 et seq.) | Eligible companies that use state supported educational institutions for classroom training are eligible for either a grant or income tax credit, while a consortium can only receive a grant, for the lesser of ½ of the amount paid by the company to the educational institution or the instructional hour rate (not to exceed $80 per hour with 50% or more students completing the course, or not to exceed $35 per instructional hour if less than 50% of participants completing the course), times the number of instructional hours. If the training is for safety related purposes the hourly rate the governing council may approve cannot exceed $35 per instructional hour. If the company uses company employees or paid consultants to deliver the classroom training, the amount of assistance shall not be more than $25 per instructional hour, which can only be in the form of an income tax credit. There is no carry forward period for this credit. | To qualify, the business must be classified as one of the following: manufacturers classified in NAICS codes 31-33; computer firms primarily engaged in the design and development of prepackaged software, digital content production and preservation, computer processing and data preparation services, or informational retrieval services, all of which must derive at least 75% of their revenue from out-of state sales; certain motion picture production businesses; certain intermodal facilities or distribution centers; certain office sector businesses; firms primarily engaged in commercial, physical, and biological research as classified under NAICS code 541710; certain national or regional headquarters classified under NAICS code 551114; certain scientific and technical services businesses; all building trade industries classified under NAICS codes 236 and 238; air transport businesses primarily engaged in aircraft maintenance, repair services, and aircraft testing as classified under NAICS code 488190; and certain nonretail businesses approved by the Director of the Arkansas Economic Development Commission. | Rolling | varies | See More Details Here |
| Arizona Department of Revenue | Investment in Qualified Small Business Credit | The Arizona Commerce Authority (ACA) administers the Qualified Small Business Capital Investment program. Income tax credits are equal to 30% or 35% of the investment amount and are claimed over a three year period. | Arizona Business | Rolling | varies | See More Details Here |
| Arizona Commerce Authority | Incentives Package | To streamline and expedite applications for the incentive programs, the Arizona Commerce Authority offers a service that enables businesses/individuals to apply for incentives electronically. The software being utilized is secure, readily accessible and user friendly. To access this feature and apply for the ACA incentives, the business/individual must first obtain a username and password. Complete and submit the form and a unique username and password will be emailed to you within 2 business days. The Authority will provide business information on all incentives the business is eligible for. | Arizona Business | Rolling | varies | See More Details Here |
| State of California | California Competes Tax Credit | The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region. | California Business | 1/24/2026 | Varies | See More Details Here |
| State of California Alternative Energy & Advanced Transportation Financing Authority (CAEAFTA) | Sales and Use Tax Exclusion (STE) Program | A sales tax exclusion from both state and local sales tax collection on equipment purchases for qualifying businesses that conduct qualifying activities. Sales tax rates vary by jurisdiction (typically 7.5% to 10%). California Alternative Energy & Advanced Transportation Financing Authority (CAEATFA) | California Business | Rolling | Varies | See More Details Here |
| State of California Franchse Tax Board | California Research Credit | This credit is based on the federal research credit, with modifications. You may qualify for this credit if you engaged in qualified research activities in California.The credit is equal to the sum of the following:15% of qualified expenses that exceed a base amount, 24% of basic research payments. Qualified research expenses include wages, supplies, and contract research costs. Use form FTB 3523, Research Credit, to compute and claim the research credit for increasing the research activities of a trade or business. | California Business engaged in research | varies | See More Details Here | |
| Colorado Department of Labor and Employment | Enterprise Zone Program | The Colorado legislature created the Enterprise Zone (EZ) Program to encourage development in economically distressed areas of the state. The 16 designated enterprise zones have high unemployment rates, low per capita income, or slow population growth. | Colorado business in a designated zone | Rolling | Varies | See More Details Here |
| Delaware Division of Revenue | New Business Facility Corporate Income Credit | Program provides an as-of-right tax credit to businesses that create at least 5 jobs and make a capital investment of at least $200,000 ($40,000 per employee). The minimum credit is equal to $500 per job and an additional $500 for every $100,000 in capital investment. This non-refundable credit cannot be used to offset more than 50% of tax liability in a given year. Unused credits may be carried forward for up to 10 years. Qualifying companies may also be eligible for Public Utility Tax Credits – a rebate of 50% of the public utility tax that it owes on the operation of new or expanded facility, over 5 years. | Delaware Business | Rolling | varies | See More Details Here |
| Delaware Division of Revenue | New Business Facility Tax Credit | Offers tax relief to businesses that establish a new facility in Delaware and create a minimum number of new jobs. | Must create at least 5 new jobs and invest at least $200,000 in a new facility. | Rolling | varies | See More Details Here |
| Delaware Division of Revenue | New Economy Jobs Tax Credit | Targets high-wage, knowledge-based job creation. Encourages businesses hiring workers with above-average wages. | Create at least 50 new qualified jobs with wages at or above 85% of the state average. | Rolling | varies | See More Details Here |
| Delaware Division of Revenue | Green Industries/Brownfield Tax Credit | Encourages cleanup and redevelopment of contaminated (brownfield) sites. | Businesses investing in environmentally sustainable redevelopment of brownfield sites. | Rolling | $650,000 | See More Details Here |
| Delaware Division of Revenue | Land and Historic Resource Conservation Tax Credit | Offers tax credits for preserving natural and historic land. | Landowners who donate land or conservation easements for public benefit. | Rolling | $50,000 | See More Details Here |
| Delaware Division of Revenue | Historic Preservation Tax Credit | Supports restoration of historic properties up to 30% of qualified expenses (20% for income-producing, 30% for nonprofit-owned). | Owners of properties listed or eligible for listing on the National Register of Historic Places. | Rolling | $50,000 | See More Details Here |
| Delaware Division of Revenue | Neighborhood Assistance Tax Credit | Incentivizes businesses to invest in community development and nonprofits. | Businesses donating to eligible community organizations in distressed areas. | Rolling | $100,000 | See More Details Here |
| Delaware Division of Revenue | Tax Credit for the Creation of Employment & Qualified Investments in Business Facilities (Blue Collar Job Act) | Generally, business taxpayers that: (1) are engaged in a qualified activity; (2) hire five or more qualified employees; and, (3) make an investment of at least $200,000 ($40,000 per qualified employee) in a qualified facility are entitled to tax credits against the corporation or personal income taxes, gross receipts tax, and public utility tax. To apply for the Delaware corporate income tax and gross receipts tax reduction, Form 402AP 9901, Application for New Business Facility Tax Credits, must be completed and returned to the Division of Revenue. The Division of Revenue will notify the applicant in writing if the application is approved or disapproved. Approval by the Division of Revenue must be granted before the corporation can claim these tax credits. A separate Form 402AP 9901 must be completed for each new or expanded facility. | Generally speaking, in order to qualify for tax credits, investment and employment must occur within a “qualified activity.” Another, less restrictive standard for investments made within targeted areas exists for “commercial and retail activities.”QUALIFYING ACTIVITIES [3] (Activities eligible for the $500 Blue Collar Jobs credit in non-targeted areas and for a $650 credit in targeted areas.)Manufacturing;Wholesaling;Scientific, agricultural or industrial research, development or testing;Computer processing or data preparation or processing services;Engineering services;Consumer credit reporting services, including adjustment and collection services and credit reporting services;Aviation services;Non-custom computer software;Telecommunications services;Any combination of the activities described above; or,The administration, management or support operations, including marketing, of any activity described above | Rolling | varies | See More Details Here |
| Delaware Division of Revenue | Vocational Rehabilitation Hiring Tax Credit | Encourages hiring of individuals with disabilities. | Delaware businesses hiring individuals referred by the Division of Vocational Rehabilitation. | Rolling | $15,000 | See More Details Here |
| Delaware Division of Revenue | Business Finder’s Fee Tax Credit | This program was established to attract new businesses to Delaware and to give existing Delaware companies an incentive to encourage suppliers, customers, and service providers to establish operations in the state. To qualify for the refundable tax credit, both the existing business (called the Sponsor Firm) and the relocating business (called the New Business Firm) must jointly file an application and the New Business must create at least 3 full-time jobs. The Sponsor Firm and New Business are both able to claim an annual credit equal to $500 for each new full-time job created by the New Business. Credits may be claimed by both businesses for a period of 3 years. | Delaware Business attracting other suppliers to the state | Rolling | varies | See More Details Here |
| Delaware.gov | Work Opportunity Tax Credit (WOTC) | The Work Opportunity Tax Credit (WOTC) is a federal tax credit that offers an incentive for private sector businesses to hire individuals from identified targeted groups that have consistently faced significant barriers to employment in Delaware. The main objective of this program is to enable the targeted employees to gradually move from economic dependency into self-sufficiency, gainful employment, and on-the-job experience. WOTC joins other workforce programs that help incentivize workplace diversity, create high-performance workplaces, and facilitate access to good jobs for American workers. | The new employee must belong to one of the following WOTC Target groups:1. Long-term TANF Recipient2. Short-term TANF Recipient3. Veteran (Vow to Hire Heroes Act)4. 18 – 39 Year Old Food Stamp Recipient5. 18 – 39 Year Old Designated Community Resident6. 16 – 17 Year Old Summer Youth7. Vocational Rehabilitation referral8. Ex-felon9. SSI recipient | Rolling | varies | See More Details Here |
| Florida Department of Revenue | Rural Tax Credit | The Rural Job Tax Credit Program provides an incentive for eligible businesses, located within designated rural counties, to create new jobs. The tax credit can range from $1,000 to $1,500 per qualified employee.A business may receive up to $500,000 in tax credits during any one calendar year for its efforts in creating jobs. The credit may be carried forward for five years. | Businesses located within designated rural counties | Rolling | varies | See More Details Here |
| Florida Department of Revenue | Urban High-Crime Area Job Tax Credit | The Urban Job Credit Program provides an incentive for eligible businesses, located within designated urban areas, to create new jobs.The credit can range from $500 to $2,000 per qualified employee. The credit may be carried forward for five years. | Business located within a designated area | Rolling | varies | See More Details Here |
| State of Georgia | R & D Tax Credit | R&D isn’t limited to lab research. It includes all kinds of innovation, such as developing or prototyping new products or processes or conducting certain tests on new manufacturing equipment. Determining your credit value starts with calculating a “base amount”: Your in-Georgia sales multiplied by a 3-year average ratio of R&D investment to in-state sales; OR your in-Georgia sales for the current year, multiplied by 0.3 | Georgia Business | Rolling | Varies | See More Details Here |
| State of Illinois | Illinois Enterprise Zone Program | Businesses located or expanding in an Illinois enterprise zone may be eligible for the following state and local tax incentives: Exemption on retailers’ occupation tax paid on building materials; Expanded state sales tax exemptions on purchases of personal property used or consumed in the manufacturing process or in the operation of a pollution control facility; exemption on the state utility tax for electricity and natural gas ; An exemption on the Illinois Commerce Commission’s administrative charge and telecommunication excise tax. | Illinois Business | Rolling | Varies | See More Details Here |
| State of Illinois | Film Production Tax Credit | Illinois is home to a thriving film industry with a nationally renowned crew base, actors, and industry vendors. Illinois offers a robust and sustainable 30% Film Tax Credit, offering producers a credit of 30% of all qualified expenditures, including post-production. Applicants will receive an additional 15% tax credit on salaries of individuals (making at least $1,000 in total wages) who live in economically disadvantaged areas whose unemployment rate is at least 150% of the State's annual average. | Film Production in Illinois | Rolling | Varies | See More Details Here |
| New Jersey Division of Taxation | New Investment Jobs Credit | This tax credit is available for investment in new or expanded business facilities that create new jobs in New Jersey. The investment must create at least 5 new jobs (50 for large businesses), and meet the median annual compensation requirement for the current tax year. Although there is no carryover provision for this tax credit, the amount of the unused annual credit may be refunded to the taxpayer subject to certain limitations. If any amount of the aggregate annual credit remains after the above limitations are applied, that amount may be refunded to the taxpayer. The amount of the refund cannot exceed 50% of the sum of the property taxes paid in the tax year. To claim this credit, the taxpayer must complete Form 304. | New Jersey businesses creating at least 5 new jobs | Rolling | Varies | See More Details Here |
| South Carolina Department of Revenue | New Jobs Credit | Qualifying taxpayers can take a credit against South Carolina individual, corporate, bank, or insurance premium taxes for creating new jobs in South Carolina. Business must be in manufacturing, agribusiness, tourism, warehousing/distribution, R&D, qualifying technology, qualifying service, or a corporate office and must create at least 10 new jobs. Credits range from $1,500 to $24,000 per job created (depending on county); however, the total amount of credit that can be taken in a tax year is limited to 50% of the taxpayer's tax liability. Claim credit by filing Form TC-4. | South Carolina businesses creating new jobs | Rolling | varies | See More Details Here |
| South Carolina Department of Revenue | Small Business Jobs Credit | Businesses with 99 or fewer employees worldwide who increase employment in South Carolina by two or more full-time jobs can take a credit against South Carolina Individual Income Tax, Corporate Income Tax, Bank Tax, or Insurance Premium Tax. Business must be in manufacturing, agribusiness, tourism, warehousing/distribution, R&D, qualifying technology, qualifying service, or a corporate office. Credits range from $1,500 to $24,000 per job created (depending on county); however, the total amount of credit that can be taken in a tax year is limited to 50% of the taxpayer's tax liability. Claim credit by filing Form TC-4SB. | South Carolina businesses with 99 employees or fewer that are creating new jobs | Rolling | varies | See More Details Here |
| South Carolina Department of Revenue | Accelerated Small Business Jobs Credit | Qualifying taxpayers with 99 or fewer employees worldwide who increase employment in South Carolina by two or more full-time jobs can take a credit against South Carolina Individual Income Tax, Corporate Income Tax, Bank Tax, or Insurance Premium Tax. The accelerated credit using this form is taken in the year the jobs are created. Business must be in manufacturing, agribusiness, tourism, warehousing/distribution, R&D, qualifying technology, qualifying service, or a corporate office. Credits range from $1,500 to $24,000 per job created (depending on county); however, the total amount of credit that can be taken in a tax year is limited to 50% of the taxpayer's tax liability. Claim credit by filing Form TC-4SA. | South Carolina businesses with 99 employees or fewer that are creating new jobs | Rolling | varies | See More Details Here |
| South Carolina Department of Revenue | Corporate Headquarters Credit | The corporate headquarters establishment, expansion, or addition must result in the creation of at least 40 new, permanent, full-time jobs located in South Carolina. The jobs must be headquarters related jobs or research and development related jobs. At least 20 of the new jobs must be classified as headquarters staff employees.Qualifying real property costs must be at least $50,000 to be eligible for the credit. Credit is equal to 20% of qualifying investments. Claim credit by filing form TC-8. | Corporations who establish, expand, or add a corporate headquarters in South Carolina that creates 40 new full-time jobs | Rolling | varies | See More Details Here |
| South Carolina Department of Revenue | Capital Investment Credit | The Capital Investment Credit against Income Tax is allowed for any tax year in which qualified manufacturing and productive equipment property is placed in service in this state. The amount of the credit allowed is equal to the total of: 0.5% to 2.5% of total bases for all 3-year to 15-year or greater property. Unused credit may be carried forward for 10 years. Claim the credit by filing Form TC-11. | Businesses that place qualified manufacturing and productive equipment into service | Rolling | Varies | See More Details Here |
| South Carolina Department of Revenue | Research Expenses Credit | A business claiming a federal Income Tax credit for research expenses may claim a credit against Individual or Corporate Income Tax and Corporate License Fees. The credit is 5% of the qualified research expenses paid by the business in South Carolina during the tax year. The credit taken in any tax year may not exceed 50% of the tax liability remaining after all other credits are applied. Any unused credit can be carried forward for up to 10 years. Claim the credit by filing Form TC-18. | Businesses claiming the Federal Income Tax credit for research expenses | Rolling | Varies | See More Details Here |
| South Carolina Department of Revenue | Agribusiness Income Tax Credit | An agribusiness operation or an agricultural packaging operation , may claim a nonrefundable tax credit if the operation increases its purchases of South Carolina-grown agricultural products by a minimum of 15% in a single calendar year over its base year. Maximum credit is $100,000 in any tax year. Claim the credit by filing Form TC-61. | South Carolina agribusiness or agricultural packaging operation | Rolling | $100,000 | See More Details Here |
| South Carolina Department of Revenue | Apprenticeship Credit | A taxpayer who employs an apprentice under an apprentice agreement registered with the Office of Apprenticeship of the Employment and Training Administration of the US Department of Labor may be eligible for a nonrefundable tax credit. The credit is equal to the cost of the apprenticeship or $1,000, whichever is greater, for each employed apprentice. Can be claimed for up to four years per apprentice. For a tax year, the credit cannot exceed: $4,000 for an apprentice, or $6,000 for the youth apprenticeship program. Claim on Form TC-45. | South Carolina business employing a regisered apprentice | Rolling | $4,000 | See More Details Here |
| South Carolina Department of Revenue | Veteran's Apprenticeship Credit | A company that hires a veteran of the U.S. military as a registered apprentice may be eligible for the following tax credit: $3,000 for year one,$2,500 for year two, and $1,000 for year three | South Carolina business that hires a veteran of the US Armed Forces as a new employee in a registered apprenticeship; employee must be hired between 6/22/22 and 12/31/26. | Rolling | $6,500 | See More Details Here |
| Florida Department of Revenue | Research and Development Tax Credit | To participate in this program, the corporation must claim and be allowed a research credit against federal income tax for qualified research expenses under Section 41, Internal Revenue Code, and also meet the definition of a targeted industry business as defined in Section 288.106, F.S. Only qualified target industry businesses in the manufacturing; life sciences; information technology; aviation and aerospace; homeland security and defense; cloud information technology; marine sciences; materials science; and nanotechnology industries may qualify for a tax credit. Only businesses with a valid letter at the time of application from the Florida Department of Economic Opportunity certifying that the business is a qualified target industry business are eligible to apply. The Florida research and development tax credit taken may not exceed 50% of the Florida corporate income tax liability after all other credits have been applied in the order provided in Section 220.02(8), Florida Statutes (F.S.). | Florida Business | Rolling | Varies | See More Details Here |
| Connecticut Department of Economic and Community Development | Accumulated R&D Tax Credit Expansion Program | Does your business have a capital project, either planned or underway, that will increase employment, expand your business or generate substantial returns to the state economy? If so, you may be able to accumulate your unused tax credits until they can better benefit you. | Connecticut employers must have more than $500,000 of Connecticut R&D tax credits on the balance sheet without the ability to utilize them in the next two years. The business must also have ten or more employees and generate at least 50 new jobs in Connecticut; and/or require capital expenditures of $5 million or greater. | Rolling | Varies | See More Details Here |
| CT.gov | Bioscience Enterprise Corridor Zone | As part of its extensive Enterprise Zone programs, the State of Connecticut encourages the development of biotech businesses and related properties in certain census tracts in areas along Interstate 84. | Companies involved in manufacturing, research associated with manufacturing and distribution warehousing (new construction/expansion only) | Rolling | Varies | See More Details Here |
| CT.gov | Digital Animation Production Company Tax Credit | The State of Connecticut is home to an array of leading digital animation companies. These digital animation production companies may apply for a tax credit of 10 to 30%, based on the amount of qualified spending in Connecticut. The Office of Film, TV & Digital Media administers this tax credit on behalf of the Department of Economic and Community Development (DECD). | Digital animation companies that maintain studio facilities located within the state, andemploy at least 200 full-time employees within the state. | Rolling | Varies | See More Details Here |
| CT.gov | Entertainment District | Once the state has designated an Enterprise Zone within a municipality, that municipality becomes known as a Targeted Investment Community. As long as certain conditions are met and the DECD Commissioner approves, that Targeted Investment Community may in turn designate an area within the municipality as an Entertainment District — which then becomes eligible for Enterprise Zone-level benefits. | Manufacturing, Communications, Wholesale, and general Entertainment businesses | Rolling | Varies | See More Details Here |
| State of Illinois | Angel Investment Tax Credit Program | The Illinois Angel Investment Tax Credit Program encourages investment in innovative, early-stage companies to help obtain the working capital needed to further the growth of their company in Illinois. Investors in companies that are certified as Qualified New Business Ventures (QNBVs) can receive a state tax credit equal to 25% of their investment (up to $2 million). | Early stage startups in the State of Illinois | Rolling | Varies | See More Details Here |
| Commonwealth of Virginia | Research and Development Tax Credit | Businesses with qualified research and development expenses may be eligible for A refundable tax credit equal to: 15% of the first $300,000 in qualified expenses; or 20% of the first $300,000 in qualified expenses if the research was conducted in conjunction with a Virginia public or private college or university. Applicants must first certify by filing Form RDC by 9/1 of the year following the year you incurred the expenses.Certification letters will be sent by 11/30 and should be attached to tax returns. | Virginia businesses with less than $5M in research and development expenses | Rolling | varies | See More Details Here |
| Commonwealth of Virginia | Major Research and Development Credit | If you had more than $5 million in qualified research and development expenses during the year, you may be eligible for An income tax credit equal to 10% of the difference between this year’s qualifying expenses and 50% of the average amount of the qualifying expenses for the 3 previous years.The total amount of credit claimed can’t be greater than 75% of your tax liability. Carry forward any unused credits for 10 years. Submit form MRD by 9/1. Certification letters will be sent by 11/30 and should be attached to tax returns. | Virginia businesses with $5M or more in research and development expenses | Rolling | varies | See More Details Here |
| Commonwealth of Virginia | Worker Training Tax Credit | Employers providing qualified training to employees may be eligible for a credit of 35% of all classroom training costs. The credit is limited to $500 per qualified employee per year, or $1,000 if the employee is considered a non-highly compensated worker. “Non-highly compensated” workers are those whose income was below Virginia’s median wage amount for the year prior to applying for the credit. Unused credits may be carried forward for 3 years. Limit of $1,000,000 of training credits. If total requested credits exceed this amount, we will prorate the authorized credits.File Form 500CR. | Virginia companies providing qualified training to employees | Rolling | varies | See More Details Here |
| Commonwealth of Virginia | Major Business Facility Job Credit | Companies may qualify for this credit if the expansion or creation of a new facility creates: Tier 1 - at least 51 new jobs anywhere in Virginia; or, Tier 2 - at least 26 new full-time jobs if located in designated Enterprise Zones, or areas the Virginia Economic Development Authority has identified as economically distressed. The credit is $1,000 per new job created in excess of the qualifying threshold amount (minimum number of jobs created by the expansion or establishment). Submit Form 304 90 days before submitting tax return. | Virginia companies opening new facilities or expanding facilities | Rolling | varies | See More Details Here |
| Virginia Economic Development Partnership | New Company Incentive Program | Eligible Companies looking to establish a new presence in Virginia are offered a modified state corporate income tax. Eligible companies in traded sector industries that have no payroll or property in Virginia prior to 1/1/18 will pay zero percent (0%) corporate Virginia state income tax on the income associated with their new Virginia presence. Must either (a) spend at least $5 million in new real property capital investment in a qualified locality and create at least 10 new jobs in a qualified locality, or (b) create at least 50 new jobs in a qualified locality. Applications are open between January 1 and April 1. | Companies establishing a presence in Virginia | Rolling | varies | See More Details Here |
| Workforce West Virginia | Work Opportunity Tax Credit (WOTC) | The WOTC is a federal tax credit program that offers significant incentives for employers who hire and retain individuals from specific target groups that have previously experienced difficulty in securing employment. To apply for the WOTC, employers must complete two forms: Internal Revenue Service (IRS) 8850: Pre Screening Notice and Certification Request; and Employment and Training Administration (ETA) 9061: Individual Characteristics Form. | West Virginia Businesses | Rolling | varies | See More Details Here |
| Texas Economic Development | Texas Enterprise Fund | The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a performance-based financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy. | Texas Business | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Rural Jump-Start Program | The Rural Jump-Start Program is a collaborative effort by the state, local governments, Institutes of Higher Education (IHE), and economic development organizations (EDO) to incentivize new businesses to start in or move to rural, economically distressed counties in Colorado, which are referred to as Rural Jump-Start zones, and hire new employees. Tax benefits include relief from: State income tax for the new business; State sales and use tax for the new business; County personal property tax for the new business; Municipal personal property tax for the new business (in participating municipalities); and State income tax for qualified New Hires. | Rural Colorado businesses | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Job Growth Incentive Tax Credit | The Job Growth Incentive Tax Credit is an eight-year job creation incentive to support competitive, multi-state, or country relocation and expansion projects. The tax credit gives businesses a Colorado state income tax credit equal to 50% of the FICA (Federal Insurance Contributions Act) tax paid by the business per net new job for each calendar year in the credit period. | Colorado small business | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone Vacant Commercial Buildings Tax Credit | The Enterprise Zone Vacant Commercial Building Rehabilitation Tax Credit helps businesses redevelop commercial property and rehabilitate vacant buildings. Businesses can earn a state income tax credit for 25% of rehabilitation expenses, up to $50,000 in tax credit per building. You may carry forward this tax credit for up to five years. | Colorado businesses located in enterprise zones | Rolling | $50,000 | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone Sales and Use Tax Exemption for Manufacturing and Mining | The Enterprise Zone Manufacturing Sales and Use Tax Exemption for Manufacturing and Mining expands the Manufacturing Sales and Use Tax Exemption (PDF). It expands eligibility to non-capitalized machinery, parts and tools to repair machinery, and to machinery used in mining. | Colorado businesses located in enterprise zones | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Advanced Industry Investment Tax Credit | The Advanced Industry Investment Tax Credit (AITC) encourages investments in Colorado advanced industries businesses by incentivizing investors with state income tax credits. | Colorado businesses located in enterprise zones | Rolling | $100,000 | See More Details Here |
| Colorado Office of International Development and International Trade | Commercial Historic Preservation Tax Credit | The Commercial Historic Preservation Tax Credit helps rehabilitate historic, owner-occupied commercial properties. This program can award up to $10 million in credits per year. Half of the money is designated for smaller projects up to $2 million and the other half of the money is designated for larger projects over $2 million. | Anyone planning to rehabilitate a historic (30+ years old) commercial building that produces income | 7/7/2025 | $1,000,000 | See More Details Here |
| Colorado Office of International Development and International Trade | Employee Ownership Tax Credit | The Employee Ownership Tax Credit is available to current Colorado-headquartered businesses and their employees to provide an incentive to establish employee stock ownership plans, worker-owned cooperatives, and employee ownership trusts. The tax credit covers up to 50% of a qualified business’ conversion costs for use on their state income taxes. To participate in the program, the applying business must be existing in Colorado for at least one year prior to starting their employee-ownership conversion and applying for the tax credit. | Colorado businesses converting to employee ownership | Rolling | $100,000 | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone Commercial Vehicle Investment Tax Credit | The Enterprise Zone Commercial Vehicle Investment Tax Credit (CVITC) helps businesses invest in commercial vehicles and parts for vehicles. Your business can earn a state income tax credit for 1.5% of the costs for new commercial trucks, truck tractors, tractors, semi trailers, and associated parts when you register the vehicle in Colorado and use it in an enterprise zone for one year. | Colorado businesses located in Enterprise Zones | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone Employer-Sponsored Health Insurance Tax Credit | The Enterprise Zone Employer-Sponsored Health Insurance Tax Credit encourages businesses in economically distressed communities to offer health insurance coverage to their employees. If your business offers a qualified health insurance plan and you contribute at least 50% of the total cost of the health plan, your business can earn a tax credit of $1,000 per employee. This tax credit is available for only the first two full income tax years that your business is operating in an Enterprise Zone. | Colorado based new businesses during their first two year of operating within an Enterprise Zone | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone Investment Tax Credit | The Enterprise Zone Investment Tax Credit encourages enterprise zone businesses to invest in business personal property. Businesses can earn a state income tax credit of 3% of the value of the qualified investment. The amount of the tax credit that can be claimed in any tax year is limited. The tax credit may be carried forward up to 14 years. | Colorado businesses located in Enterprise Zones | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone Job Training Tax Credit | The Enterprise Zone Job Training Tax Credit helps businesses develop and retain a skilled workforce. Businesses located within enterprise zones can earn a state income tax credit of 12% of eligible job training costs for employees working within the enterprise zone. Tax credits earned may be used against income tax liability and carried forward for up to 12 years. | Colorado businesses located in Enterprise Zones | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone New Employee Tax Credit | The Enterprise Zone New Employee Tax Credit helps businesses in distressed communities add employees to their workforce. Businesses earn a state income tax credit of $1,100 per net new employee that works at a qualified Enterprise Zone business facility. Excess credits can be carried forward for up to five years. | Colorado businesses located in Enterprise Zones | Rolling | Varies | See More Details Here |
| Colorado Office of International Development and International Trade | Enterprise Zone Research and Development Tax Credit | The Enterprise Zone Research and Development Tax Credit helps businesses invest in research and development. Businesses can earn a state income tax credit for 3% of the increase in annual research and development expenses compared to what the business spent the prior two years. | Colorado businesses located in Enterprise Zones | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Investment Credit | Provisions of the Investment Credit include: Tax credit of up to 1.5% annually of qualified capital investment for a qualified project, for a period of up to 10 years*. The tax credit can be utilized against: Income taxes, including estimated taxes; Financial institution excise tax; Insurance premiums tax; Utility taxes paid; Utility license tax (for utility companies only); or A combination of the above taxes for a period of 10 years. The annual credit is not refundable, but any unused credit associated with the annual credit can be carried forward for up to 5 years. To utilize the credit, an allocation schedule must be made via My Alabama Taxes (MAT). | Alabama businesses making capital investments | 4/15/2025 | varies | See More Details Here |
| Alabama Department of Economic and Community Affairs (ADECA) | Enterprise Zone Credit or Exemption | The Alabama Enterprise Zone Program provides certain tax incentives to corporations, partnerships, and proprietorships that locate or expand within designated Enterprise Zones. In addition to state-level tax incentives, businesses may also receive local tax and non-tax incentives for locating or expanding within a designated Enterprise Zone. Maximum credit of up to $2,500 per new permanent employee. Company may claim a credit of up to $1,000 for training new permanent employees in new skill areas. Please contact the Office of Economic Development for instructions on how to claim the Enterprise Credit and Exemption(s). | Alabama small businesses in Enterprise Zones | 4/15/2025 | varies | See More Details Here |
| Alabama Department of Revenue | Qualified Irrigation System/Reservoir System Tax Credit | Section 40-18-342, Code of Alabama, 1975, provides an income tax credit to any agricultural trade or business for the cost associated with the purchase, installation or conversion related to irrigation systems or the development of irrigation reservoirs and water wells. The credit is equal to 20% up to $10,000 or 10% up to $50,000 of the cost of the purchase and installation of any qualified irrigation equipment and any conversion costs related to the conversion of irrigation equipment from fuel to electricity or qualified reservoirs. | The credit must be taken in the year in which the qualified irrigation equipment or the qualified reservoir is placed in service provided the filing prerequisites are met as provided by the Alabama Department of Agriculture and Industries. Pursuant to Section 40-18- 342(f), all agriculture trade or business making qualified costs must file an annual informational report with the Alabama Department of Agriculture and Industries prior to claiming an income tax credit. Only qualified irrigations systems or reservoirs for which the agriculture trade or business has filed an annual information report with the Department of Agriculture and Industries are eligible for the tax credit. The credit may be carried forward for five years. | Rolling | varies | See More Details Here |
| Alabama Department of Revenue | Railroad Modernization Act of 2019 | The Railroad Modernization Act of 2019 provides a refundable income tax credit for tax years beginning on or after December 31, 2019, for eligible taxpayers with qualified railroad reconstruction or replacement expenditures. Railroads that are classified as a Class II or Class III are eligible for the credit. Taxpayers must obtain precertification from the Department of Commerce prior to claiming the credit on their income tax return. The act imposes an annual credit limit of $3.7 million with an aggregate cap of $11.1 million over the life of the credit. | Taxpayers with qualfied railroad reconstruction or replacement expenditures | Rolling | varies | See More Details Here |
| Alabama Department of Revenue | 2017 Alabama Historic Rehabilitation Tax Credit | The entire credit must be claimed by the taxpayer in the taxable year in which the certified rehabilitation is placed in service and the credit must be claimed at the entity level.This credit is refundable and cannot be carried forward.The credit is transferable once at the entity level.The credit is set to sunset in 2027. | Section 40-9F-32 provides an income tax credit against the tax liability of the taxpayer for the rehabilitation, preservation, and development of historic structures. The credit is equal to 25% of the qualified rehabilitation expenditures for certified historic structures. | Rolling | varies | See More Details Here |
| Alabama Department of Revenue | Alabama Film Rebate | An income tax rebate equaling 25% of certain production expenditures on the project that are incurred in Alabama plus 35% of the payroll paid to Alabama residents.The rebate may be used to offset any Alabama income tax liability of the Qualified Production Company for the tax year during which such expenditures were paid or incurred.If the amount of the Rebate exceeds the Qualified Production Company’s Alabama income tax liability, the excess is refundable. | Section 41-7A-43 authorizes the Alabama Film Office to award up to $20 million each year in incentives to qualified production companies for tax years beginning January 1, 2009. Qualified Productions include a wide variety of entertainment content as long as some portion of the project is produced in Alabama. | Rolling | varies | See More Details Here |
| Alabama Department of Revenue | Apprenticeship Tax Credit | Section 40-18-422 provides for an income tax credit to employers that hire qualified apprentices who receive classroom or industry-specific instruction and on-the-job training as follows:For tax years beginning on or after January 1, 2020, through Dec 31, 2025 – $1,250 per qualifying apprentice for up to 10 apprentices employed. An additional credit of up to $500 is available for apprentices who are 18 years old or younger and meet the certain youth registered or industry recognized apprenticeship criteria.The credit is not available for an individual apprentice for more than four taxable years.This credit is nonrefundable, nontransferable, and cannot be carried forward. | employers that hire qualified apprentices who receive classroom or industry-specific instruction and on-the-job training | Rolling | varies | See More Details Here |
| Alabama Department of Revenue | Port Credit | Section 40-18-403 provides a discretionary tax credit for businesses that utilize Alabama’s port facilities.The provisions include:One-time tax credit of up to $50 per TEU*, $3 per net ton of bulk cargo, $0.04 per net kilogram for air cargo, or $2.91 per VEU**.The credit can be applied against Alabama income tax liability.The credit is not refundable or transferrable but may be carried forward for five years.New distribution or warehouse shippers investing at least $20 million and creating at least 75 net new jobs are eligible to receive up to $100 per TEU over a three-year period if entering into a project agreement with the state. | To qualify for the port credit:The port user must be engaged in manufacturing, warehousing or distribution of goods.The port user must ship more than 10 TEUs, more than 75 net tons, or more than 15,000 kilograms for air cargo, or more than 400 VEUs for cargo measured by VEU.The port user must increase the shipping of its cargo volume by more than 105% over the prior year and must be approved by the Renewal of Alabama Commission. | Rolling | varies | See More Details Here |
| Alabama Department of Revenue | Investment Credit | Section 40-18-376 provides for an investment credit to qualifying businesses for approved projects that create new jobs in Alabama. The projects are approved by the Department of Commerce in consultation with the Governor. | The investment credit is a discretionary credit that has certain jobs and project requirements set forth by the Department of Commerce that must be met in order to qualify the credit. | Rolling | varies | See More Details Here |
| Alabama Department of Revenue | Veterans Employment Act – Employer Credit | Veterans Employment Act (previously known as the “Heroes for Hire” tax credit) provides a tax credit to qualifying businesses for each unemployed or combat veteran hired for a full-time position paying at least $14 per hour, the majority of the duties of which are at a business location within Alabama. The credit applies to individual and corporate income taxes or the state portion of the financial institution excise tax. A business that qualifies for the Veterans Employment Act – Employer Credit must have an active My Alabama Tax (MAT) account and must complete the precertification process that is required through MAT before the Veterans Employment Act – Employer Credit can be claimed as an offset to tax on an income or excise tax return. | Alabama businesses hiring combat veterans | 4/15/2025 | $2,000 | See More Details Here |
| Alabama Department of Revenue | Veterans Employment Act – Business Start-up Expense Credit | For tax years beginning on or after January 1, 2012, Section 40-18-323 allows a $2,000 nonrefundable credit against the income tax liability associated with one start-up business in which the recently deployed unemployed veteran holds at least 50% ownership interest. The credit is only applicable to business started after April 2, 2012, that is located within Alabama and that shows a net profit of at least $3,000 in the year in which the credit is taken. A business that qualifies for the Veterans Employment Act – Business Start-up Expense Credit must have an active My Alabama Tax (MAT) account and must complete the precertification process that is required through MAT before the Veterans Employment Act – Business Start-up Expense Credit can be claimed as an offset to tax on an income tax return. | Alabama startups in which a recently deployed unemployed veteran holds at least 50% ownership | 4/15/2025 | $2,000 | See More Details Here |
| Alabama Department of Revenue | Coal Credit | Section 40-18-220 provides a credit to corporations engaged in coal production within Alabama. The credit amounts to $1 per ton of increased coal production over the previous year’s output. The credit applies to tax years commencing on or after January 1, 1995, based on coal production in Alabama certified by the coal producer. | To qualify for the Coal Credit, a corporation must:Be engaged in coal production within Alabama.Complete the precertification and allocation process before claiming the Coal Credit as an offset on the income tax return or against utility taxes paid. | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Basic Skills Education Credit | An employer may qualify to receive an income tax credit of 20% of the actual cost of an employer-sponsored educational program that enhances basic skills of employees up to and including the 12th-grade functional level. This includes programs that teach English as a second language. | Employers providing basic skills | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Enterprise Zone Program | The Alabama Enterprise Zone Program provides certain tax incentives to corporations, partnerships, and proprietorships that locate or expand within designated Enterprise Zones. In addition to state-level tax incentives, businesses may also receive local tax and non-tax incentives for locating or expanding within a designated Enterprise Zone. | Businesses in enterprise zones | Rolling | Varies | See More Details Here |
| Alabama Department of Revenue | Apprenticeship Tax Credit | The Alabama Industry Recognized and Registered Apprenticeship Program offers a tax credit to companies that hire qualified apprentices who receive classroom or industry-specific instruction and on-the-job training. For tax years beginning on or after January 1, 2020, through Dec 31, 2025 – $1,250 per qualifying apprentice for up to 10 apprentices employed; An additional credit of up to $500 is available to the employer for each apprentice who is 18 years old or younger and meet the certain youth-registered or industry-recognized apprenticeship criteria at the time the credit is claimed. The Alabama Office of Apprenticeship will review applications to establish the eligibility for this tax credit. Once the eligibility is established, the credit is claimed via My Alabama Taxes (MAT) | Alabama companies that hire qualified apprentices | 12/31/2025 | $12,500 | See More Details Here |
| Massachusetts Department of Revenue | Life Sciences Refundable Investment Tax Credit | The Life Sciences ITC may be available to certified life sciences companies tax under the personal income tax or corporate excise for tax years. The Life Sciences ITC is equal to 10% of the cost of qualifying property: Acquired, constructed, or erected during the tax year and utilized exclusively in Massachusetts. If the Life Sciences ITC exceeds the personal income tax or corporate excise otherwise due, as applicable, 90% of the balance of such credit may, at the option of the taxpayer and to the extent authorized pursuant to the Life Sciences Tax Incentive Program, be refundable to the taxpayer for the tax year in which the qualified property giving rise to such credit is placed in service. | Certified Massachusetts life science companies | Rolling | varies | See More Details Here |
| Massachusetts Department of Revenue | Life Sciences Refundable FDA User Fees Tax Credit | This credit is available for user fees paid on or after 6/16/08, to the U. S. Food and Drug Administration (FDA) upon submission of an application to manufacture a human drug in Massachusetts. This credit, which is available only to the extent authorized pursuant to the Life Sciences Tax Incentive Program, is equal to 100% of the user fees actually paid by the taxpayer, as specified in the certification. The credit may be claimed in the tax year in which the application for licensure of an establishment to manufacture the drug is approved by the FDA. To be eligible for the credit, more than 50% of the research and development costs for the drug must have been incurred in Massachusetts. | Certified Massachusetts life science companies submitting applications for FDA drug approval | Rolling | varies | See More Details Here |
| Massachusetts Department of Revenue | Medical Device Tax Credit | The credit is equal to 100% of the user fees actually paid by the medical device company to the United States Food and Drug Administration (FDA). Fees must be paid during the tax year for which the tax is due for premarket submissions to market new technologies, developed or manufactured in Massachusetts. Examples of premarket submissions include applications, supplements, reports, and 510(k) submissions. To receive the credit, a medical device company must have filed a completed application with the Dept. of Revenue and received a credit certificate. | Certified Massachusetts life science companies working on medical devices | Rolling | varies | See More Details Here |
| Internal Revenue Service | Empowerment Zone and Renewal Community Employment Credit | The U.S. Department of Housing and Urban Development created empowerment zones to stimulate development in low-income areas. Qualifying businesses can receive up to $3,000 for each full- or part-time employee who lives in an empowerment zone. This comprises up to 20% of the first $15,000 in wages. | Businesses in recognized empowerment zones | 12/31/2025 | Varies | See More Details Here |
| New York State Department of Taxation and Finance | Investment Tax Credit | Businesses placing qualified property into service during the tax year are eligible for this credit. The ITC is a percentage of the investment credit base (the cost or other basis of the investment property). It is refundable for new businesses.Taxpayers claim the credit by filing the Claim for Investment Tax Credit form with their tax return. | New York businesses | Rolling | Varies | See More Details Here |
| New York State Department of Taxation and Finance | Manufacturers Real Property Tax Credit | Manufacturers who paid property taxes on property that is principally used for manufacturing, processing, assembling, refining, mining, extracting, farming, agriculture, horticulture, floriculture, viticulture, or commercial fishing may be eligible for a tax credit equal to 20% of the amount of property taxes paid during the tax year. Taxpayers claim the credit by filing the Manufacturer's Real Property Tax Credit form with their tax return. | New York manufacturers | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 6765 Credit for Increasing Research Activities | Created in 1981 to stimulate research and development (R&D) in the United States, the R&D tax credit is a dollar-for-dollar offset of federal income tax liability and, in certain circumstances, payroll tax liability. | United States Business | Rolling | Varies | See More Details Here |
| State of Illinois - Department of Commerce and Economic Opportunity | Illinois Enterprise Zone Investment Tax Credit | The Enterprise Zone Investment Tax Credit allows a .5 percent credit against the state income tax for investments in qualified property, which is placed in service in an enterprise zone. Qualified property includes tangible property with a useful life of four or more years such as buildings, structural components of buildings, elevators, materials tanks, boilers, and major computer installations. | Illinois Businesses engaged in economic Development | Rolling | Varies | See More Details Here |
| State of Illinois | Illinois Apprenticeship Education Expense Tax Credit Program | Effective January 1, 2020, employers are allowed a tax credit for qualified educational expenses associated with qualifying apprentices. Employers may receive a credit of up to $3,500 per apprentice against the taxes imposed by subsections (a) and (b) of Section 201 of the Illinois Income Tax Act, and an additional credit of up to $1,500 for each apprentice if (1) the apprentice resides in an underserved area or (2) the employer's principal place of business is located in an underserved area. | Illinois Business | Rolling | Varies | See More Details Here |
| State of Illinois | Business Attraction Prime Sites Capital Grant Program | The Business Attraction Prime Sites Capital Grant Program assists companies with large-scale capital investment projects that commit to significant job creation for Illinois residents as they relocate or expand operations within Illinois. Prime Sites grants can encompass a wide range of economic development projects that will result in job creation in the state of Illinois. | Illinois Business | Rolling | Varies | See More Details Here |
| State of Illinois | Illinois Economic Development for a Growing Economy (“EDGE”) | Illinois’ EDGE program provides annual corporate tax credits to qualifying businesses which support job creation, capital investment and improve the standard of living for all Illinois residents. | Illinois Business | Rolling | Varies | See More Details Here |
| Pennsylvania Department of Revenue | Research and Development (R&D) Tax Credit | Allows Pennsylvania businesses engaged in research and development to claim a credit of 10% of these R&D expenses (20% for qualified small businesses). The research must take place within the state, and unused credits may be carried forward for 15 years. Qualifying expenditures include wages, supplies, and contract research. Applicants must submit form REV-545A with the PA Department of Revenue. | Businesses performing qualified research in Pennsylvania | Rolling | varies | See More Details Here |
| Pennsylvania Department of Community and Economic Development | Keystone Innovation Zone (KIZ) Tax Credit | The KIZ Tax Credit Program significantly contributes to the ability of young KIZ companies to transition through the stages of growth, as this credit can be used to offset certain state tax liabilities.The business must operate in Advanced Materials/Diversified Manufacturing; Business Services; Life Science; or High Technology. The company may claim a tax credit equal to 50% of the increase in its gross revenues in the immediately preceding taxable year attributable to KIZ eligible activities in the revenues in the second preceding taxable year attributable to its activities in the KIZ. The credit is limited to $100,000 annually. | Businesses less than 8 years old operating in Keystone Innovation Zones in targeted industries | Rolling | $100,000 | See More Details Here |
| Pennsylvania Department of Community and Economic Development | Keystone Special Development Zone (KSDZ) Credit | The KSDZ program is an incentive-based tax credit program to foster redevelopment of former industrial and commercial sites. IT provides a $2,100 credit per each full time job created. These tax credits can be earned in any tax year for up to ten years during the period between July 1, 2012 and June 30, 2035 and may be used to offset the businesses’ qualified tax liability, may be assigned, or may be sold. | Businesses located in Keystone Special Development Zones | Rolling | varies | See More Details Here |
| Pennsylvania Department of Community and Economic Development | Keystone Opportunity Zone Program | Through this credit, total taxes on economic activity in zones are significantly reduced. These benefits affect the following taxes: Corporate Net Income tax, personal income tax, Sales and Use tax, Mutual Thrift Institution tax; Bank and Trust Company Shares tax; local Earned Income/Net Profits tax, local sales and use tax, and more. Businesses must increase full-time employment by at least 20% in the first full year of operation within the zone or make a capital investment in the property located within the zone at least equivalent to 10% of the gross revenue. | Businesses in Keystone Opportunity Zones that make investments and increase full time employment | Rolling | varies | See More Details Here |
| Indiana Economic Development Corporation (IEDC) | Skills Enhancement Fund (SEF) | This fund supports training and upgrading skills of employees required to support new capital investment. These grants are used to cover up to 50% of eligible training costs. The award period is usually two calendar years. Grants from the fund must lead to post-secondary credentials, a nationally recognized industry credential, or specialized company training for both new hires and existing workers, and an increase in wages for existing employees. | Businesses training and upgrading skills of employees | Rolling | Varies | See More Details Here |
| Indiana Economic Development Corporation (IEDC) | Twenty-First Century Research and Technology Fund | The Fund provides grants or loans to companies engaged in the commercialization of innovative new technologies and creating high wage technology-based jobs in Indiana. It supports the state’s efforts to propel innovation and entrepreneurship through a variety of programs and initiatives, such as making direct investments into Hoosier startups and supporting public-private partnerships to advance R&D. Program compliance is based on technology development benchmarks and financial reporting. This program does not have a statutory job creation requirement. It is a dedicated investment fund for Indiana-based companies in a growth stage that have a market size of more than $1 billion and demonstrate clear, sustainable competitive advantages. | Companies engaged in the commercialization of innovative new technologies and creating high wage technology-based jobs in Indiana. | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8845: Indian Employment Credit | Employers of American Indians who are qualified employees use Form 8845 (Rev. January 2020) to claim the Indian employment credit for tax years beginning after 2017. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 3800: General Business Credit | For each credit, attach a statement showing the tax year the credit originated, the amount of the credit reported on the original return, and the amount of credit allowed for that year. Also state whether the total carryforward amount was changed from the originally reported amount and identify the type of credit(s) involved. | United States Business | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Maine Corporate Income Tax Single Sales Factor | Maine apportions the tax of multi-state businesses based on a single sales factor formular, as opposed to a three-factor (property, payroll and sales) apportionment formula used by some states. In general, the single-sales factor apportionment formula may provide a Maine income tax advantage to businesses that have operations in Maine but deliver most of their products or services outside the State into other states where the business is taxable. | Maine-based corporation | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Renewable Chemicals Tax Credit | Maine allows a credit against the tax imposed on income derived during the taxable year from the production of renewable chemicals, in the amount of $0.08 per pound of renewable chemical produced in the State, pending eligibility and testing requirements (non-refundable tax credit). | Renewable chemical producers in Maine | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Dirigo Business Incentives Credit Program (Starts 2025) | Maine’s new premier business incentive program offers a 5% capital investment credit in York, Cumberland, and Sagadahoc Counties and a 10% capital investment tax credit in Maine’s other counties), for tax years beginning on or after January 1, 2025. Eligibility applies to for-profit companies operating in Maine in certain specified sectors, including manufacturing and scientific research. The capital investment tax credit will be refundable, which means it will be payable to the taxpayer regardless of tax liability. | Businesses in Maine | TBA | Varies | See More Details Here |
| Maine Revenue Services | Net Operating Loss Carryforward | Maine currently allows NOL’s to be carried forward to the same extent as under federal law. | Businesses in Maine with a net operating loss | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Research Expense Tax Credit | Maine allows a corporate income tax credit equal to 5% of the excess, if any, of qualified research expenses over a base amount, and 7.5% of basic research payments determined in Section 41(e)(1)(A) of the Internal Revenue Code. Applies only to research conducted within Maine. Credit is limited to 100% of a corporation’s first $25,000 of tax due, plus 75% of the corporation’s tax due, as determined in excess of $25,000. Unused credits may be carried forward for up to 15 years. | Businesses in Maine performing research | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Seed Capital Investment Tax Credit | Seed Capital Investment Tax Credit This program is designed to encourage equity investments in certain types of Maine businesses, directly and through private venture capital funds. The Finance Authority of Maine (FAME) may authorize state income tax credits to investors for 40% of the cash equity provided to eligible Maine businesses. Investments may be used for fixed assets, research or working capital. Aggregate investment elgible for the credit may not exceed $3,500,000 for any one business and not more than $2,000,000 for any calendar year. The investment with respect to which any individual is applying for a tax credit certificate may not be more than an aggregate of $500,000 in any one business in any 3 consecutive years. | To qualify, the businesses must be located in Maine. The investor must own less than 50% of the business and may not otherwise control the business. Principal owners and their immediate relatives are not eligible. The annual gross sales of the business must be less than $5,000,000. Operating the business must be the professional, fulltime activity of at least one of the principal owners. Several other rules and limitations apply. | Rolling | $2,000,000 | See More Details Here |
| Maine Revenue Services | Federal Qualified Opportunity Zones Program | Maine has several federally designated Opportunity Zones, creating opportunities for funding through Qualified Opportunity Zone funds. | Maine based businesses in qualifying locations | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Research and Development Sales Tax Exemptions for Biotechnology Applications | Maine provides a sales tax exemption for certain R&D equipment used by the purchaser directly and primarily in research and development in the experimental and laboratory sense. Examples of eligible biotechnology applications include technologies such as recombinant DNA techniques, biochemistry, molecular and cellular biology, immunology, genetics and genetic engineering, biological cell fusion techniques and new bioprocesses using living organisms or parts of organisms to produce or modify products, improve plants or animals, develop microorganisms for specific uses, identify targets for small-molecule pharmaceutical development, transform biological systems and useful processes and products or to develop microorganisms for specific uses. | Maine Biotech companies | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Manufacturing and R&D Sales Tax Exemption | Purchases of machinery and equipment for use by the purchaser directly and primarily in production of tangible personal property intended to be sold or leased ultimately for final use or consumption, as well as 95% of the purchase of fuel or electricity used in a manufacturing facility, are eligible for exemption from Maine sales and use tax. | Maine manufacturers engaged in R&D | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Custom Computer Programming Sales Tax Exemption | Any custom computer programming purchased by a business is exempt from sales tax. If a standard program is purchased, then customized, the cost of the standard program would be taxable and the customizing, if separately stated, would be nontaxable. | Maine businesses buying specialized computers | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Business Equipment Tax Exemptions (BETE) | Most new business equipment is exempt from local property tax under Maine’s Business Equipment Tax Exemption program. | Maine businesses purchasing new equipment | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Municipal Tax Increment Financing (TIF) Program | Most new business equipment is exempt from local property tax under Maine’s Business Equipment Tax Exemption program. | Maine businesses purchasing new locations | Rolling | Varies | See More Details Here |
| Maine Revenue Services | Property Tax Exemption for Solar and Wind Energy Equipment | Certain solar and wind energy equipment is exempt from local property tax. The equipment must either generate heat or electricity that is used on the site where the property is located or transmitted through the facilities of a transmission and distribution utility, and a utility customer or customers receives a utility bill credit for the energy generated by the equipment. A taxpayer claiming the exemption must file an application with the municipality by April 1st of the first year the exemption is sought. | Maine businesses purchasing solar and wind energy | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Qualified Electric Vehicle Credit Form 8834 | Use this form to claim any qualified electric vehicle passive activity credits allowed for the current tax year - personal or business. Qualified vehicles must: battery capacity of at least 7 kilowatt hours; Have a gross vehicle weight rating of less than 14,000 pounds; Be made by a qualified manufacturer ; Undergo final assembly in North America; Meet critical mineral and battery component requirements. | Businsses that purchase a new, qualified plug-in EV or fuel cell electric vehicle (FCV). | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Biodiesel and Renewable Diesel, or Sustainable Aviation Fuels Credit | Partnerships, S corporations, cooperatives, estates, and trusts must file this form to claim the credit. Use Form 8864 (Rev. January 2023) to claim your section 40A biodiesel and renewable diesel fuels credit or the section 40B sustainable aviation fuel credit. Claim the credit for the tax year in which the sale or use occurs. The section 40A credit consists of the:Biodiesel credit, Renewable diesel credit, Biodiesel mixture credit, Renewable diesel mixture credit, and Small agri-biodiesel producer credit. | United States Business utilizing sustainable diesel or biodiesel | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Form 8896, Low Sulfur Diesel Fuel Production Credit | Qualified small business refiners can claim the low sulfur diesel fuel production credit. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Distilled Spirits Credit 8906 | Eligible wholesalers. An eligible wholesaler is any person who holds a permit under the Federal Alcohol Administration Act as a wholesaler of distilled spirits and is not a state or political subdivision thereof, or an agency of either | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Mine Rescue Team Training Credit 8923 | Employers of individuals as miners in U.S. underground mines can claim the mine rescue team training credit. This credit applies to training program costs paid or incurred for qualified mine rescue team employees. | United States Business | Rolling | Varies | See More Details Here |
| Internal Revenue Service | Credit for Small Employer Health Insurance Premiums | Qualifying emplorers are able to claim a credit of a percentage of premiums the employer paid during the tax year for certain health insurance coverage the employer provided to certain employees enrolled in a qualified health plan offered through a Small Business Health Options Program (SHOP) Marketplace. But the credit may be reduced by limitations based on the employer’s full-time equivalent employees, average annual wages. | United States Business | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Skills Training Income Tax Credit | The Skills Training Credit can be applied to state income tax to reduce the eligible employer’s income tax liability. For expenses to qualify for the Skills Training Credit, the training program must be offered by or be approved by the community or junior college in the district where the business is located, as well as by the Mississippi Department of Revenue. The training does not have to be held on the community or junior college campus to qualify for the credit but must enhance skills related to the job that the employee is performing, improve job performance or relate to a career path that is anticipated for the employee. | The Skills Training Income Tax Credit is an incentive available to certain businesses offering training to their Mississippi employees. Eligible businesses include: Manufacturers Wholesalers Processors Research and development facilities Distributors Warehousers | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Mississippi Flexible Incentive Plan | MFLEX is designed to better meet the needs of new and expanding businesses by offering more flexibility than the state’s current tax incentive offerings, and businesses applying for MFLEX will appreciate the simplicity of the application process. MFLEX eliminates the need for multiple applications for incentive programs, and it provides greater transparency to companies and state stakeholders regarding the value of credits awarded. | New companies locating in Mississippi and existing businesses looking to create new jobs and investment in the state are eligible. Planned capital investment must exceed $2.5 million and a company must create more than 10 jobs to qualify.Eligible industries include:ManufacturersWarehouse and/or distribution businessesResearch & development facilitiesRegional or national headquartersAir transportation and/or maintenance facilitiesData & information processing centersTechnology-intensive enterprisesTelecommunications enterprisesData centers | Rolling | Varies | See More Details Here |
| INCOME AND FRANCHISE TAX BUREAU | Child Care Stipend Tax Credit | Employers providing a child care stipend of at least $6,000 to a licensed or registered child care provider for their employees' children during work hours can receive a 50% income tax credit. This credit requires certification by the Mississippi Department of Revenue. | Mississipi employers providing childcare | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Standard Property Tax Exemptions in Mississippi | Local governing authorities may grant a property tax exemption for up to 10 years on real and tangible personal property being used in the state. The exemption may be granted for all local property taxes except school district taxes on any property, with the exception of finished goods or rolling stock. The exemption usually applies to property taxes on land, buildings, machinery, equipment, furniture, fixtures, raw materials and work in process. | An exemption from property taxes is available to eligible industries that locate or expand in Mississippi. The following businesses qualify for this exemption, at the discretion of the county and city government: • Manufacturers, processors and/or refineries • Research and development facilities • Warehouse and distribution facilities • Air transportation and maintenance facilities • Telecommunications companies • Data and information processing companies • Recreational facilities that impact tourism • Movie industry studios • Technology-intensive facilities • Regional or national headquarters • Health care industry facilities | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Strengthening Mississippi Academic Research Through (SMART) Business Act Program | The Strengthening Mississippi Academic Research Through (SMART) Business Act Program defrays the research and development costs of companies that operate in Mississippi and partner with a state institution of higher learning. Under this program, a corporation that collaborates with a state university for research and development purposes, including energy-related research, is eligible for a 25-percent rebate of the total research costs. | companies that operate in Mississippi and partner with a state institution of higher learning | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Sales and Use Tax Exemption for Regional and National Headquarters | A sales and use tax exemption is available for eligible businesses that create their national or regional headquarters in Mississippi, transfer their headquarters to the state or grow their existing headquarters operations in the state. This exemption applies to purchases of component building materials used in the construction or improvement of a headquarters facility, as well as to the equipment used in the facility. A minimum of 20 new headquarters jobs must be created at the location in order for a business to qualify for this exemption. | National or regional headquarters are defined as an office or location of a multi-state business where managerial, professional, technical and administrative personnel are domiciled and employed. Centralized functions such as financial, legal, technical and personnel activities must be performed by the qualifying employees. The classification of personnel as headquarters employees is dependent upon their duties in direct relationship to the functions of the entity and not solely on their physical presence at the location. The facility must be responsible for planning, directing and controlling all aspects of the business’s operations either nationally (for national headquarters) or within a sub-divided area of the United States (for regional headquarters). | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Research and Development Skills Tax Credit | The Research and Development Skills Tax Credit is an income tax credit that can be used to reduce an eligible business’s income tax liability. Credits are equal to $1,000 per employee per year for a five-year period and are available for any position requiring research or development skills. There is no minimum number of positions that must be created for a business to qualify for this credit. | To qualify for the Research and Development Skills Tax Credit, the position must be engaged in research and development activities. Qualification of jobs for this credit must require, at a minimum, a bachelor’s degree in a scientific or technical field of study from an accredited four-year college or university, employment in the employee’s area of expertise, and compensation at a professional level. | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Sales Tax Reduction for Motion Picture Production | A sales and use tax reduction is available for qualified motion picture production companies on purchases and rentals used in the production of a nationally distributed feature-length film, video, television series or commercial made in Mississippi. | At least 20 percent of production crew of an eligible production must be Mississippi residents. | Rolling | Varies | See More Details Here |
| Mississippi Development Authority | Sales and Use Tax Exemption for Industrial Revenue Bond Financing | To encourage construction and expansion within the state, the Mississippi Business Finance Corporation may issue industrial revenue bonds for financing approved projects. Once projects are induced in the bond program, a sales tax exemption is available for all purchase made with bond proceeds. | Businesses utilizing industrial revenue bonds | Rolling | Varies | See More Details Here |
| Choose Life Mississippi | Tax Credits for Businesses | The Pregnancy Resource Act recognizes the vital work of pregnancy centers. It allows businesses to redirect their tax dollars to invest in the life-saving work of serving women in crisis situations. This groundbreaking law reserves $10 million in annual tax credits for eligible donations. This means that… Mississippi allows you to pay would-be tax dollars directly to a pregnancy center instead of the State. It’s money you already owe, so your bottom line won’t change!Let’s say you owe $10,000 in taxes – you could choose to pay the state of Mississippi $10,000, or you could choose to allocate up to $5,000 to a PRCO.Businesses can apply before making large donations based on their previous state and ad valorem taxes. Businesses are given an acknowledgment of the tax credit amount to be filed with their tax filing. | Allows businesses to invest in lifesaving work of pregnancy centers per year for the amount given to a PRCOIt creates a dollar-for-dollar tax credit (not a deduction)The credit is for as much as 50% of the business’s tax liabilityThe credit can be carried forward for up to 5 yearsIt’s only $10 million per calendar year, so the credit is offered on a first-come, first-served basis | Rolling | Varies | See More Details Here |
| Utah.gov | Qualified Sheltered Workshop Contribution | Cash contributions made during the tax year to a qualified Utah nonprofit rehabilitation sheltered workshop facility for persons with disabilities are eligible for the credit. Check with the workshop to make sure they have a current Day Training Provider License or Day Support Provider Certificate issued by the Department of Human Services. The credit is the lesser of $200 or 50 percent of the total cash contributions. | You must enter the name of the qualified workshop on TC-40A, Part 4 to claim the credit. | Rolling | Varies | See More Details Here |
| Utah.gov | Historic Preservation (code 06) | Complete form TC-40H, Historic Preservation Tax Credit, with the State Historic Preservation Office certification, verifying the credit is approved. Do not send form TC-40H with your return. Keep the form and all related documents with your records to provide the Tax Commission upon request. | The credit is for costs to restore any residential certified historic building. | Rolling | Varies | See More Details Here |
| Utah.gov | Credit for Increasing Research Activities in Utah | This credit is:5 percent of your qualified expenses for increasing research activities in Utah above a base amount;5 percent of certain payments made to a qualified organization increasing basic research in Utah above a base amount; and7.5 percent of your qualified research expenses in Utah for the current tax year. | Utah businesses performing research | Rolling | Varies | See More Details Here |
| Utah.gov | Veteran Employment (code 27) | A nonrefundable credit is available to taxpayers who hire a qualified, recently deployed veteran.A qualified, recently deployed veteran is a person who was mobilized to active federal military service in an active or reserve component of the United States Armed Forces, and received an honorable or general discharge within the two-year period before the employment begins. | To qualify for the credit, the qualified veteran must meet all of the following conditions:received an honorable or general discharge within the two-year period before the employment begins;was collecting or was eligible to collect unemployment benefits, or has exhausted their unemployment benefits within the last two years, under UC Title 35A, Chapter 4, Part 4, Benefits and Eligibility; andwork for the taxpayer for at least 35 hours per week for not less than 45 of the 52 weeks following the veteran’s employment start date. | Rolling | Varies | See More Details Here |
| Utah.gov | Employing Persons Who Are Homeless (code 28) | You may claim a credit for hiring an unhoused person if you receive a credit certificate from the Department of Workforce Services. | Utah businesses hiring unhoused employees | Rolling | Varies | See More Details Here |
| Utah Office of Administrative Rules | Motion Picture Incentive | 5% on productions that spend more than $1M in Utah and hire 75% Utah residents for cast and crew (excluding extras and five principal cast members) or 75% of dollars left in the state are spend in Utah. | Qualified expenditures include direct production expenditures made in Utah that are subject to state taxes. Examples are Utah goods & services purchased through a business registered in Utah, Utah resident wages & taxes, nonresident per-diems & income tax. | Rolling | Varies | See More Details Here |
| Utah Workforce Services Rehabilitation | The WOTC (Work Opportunity Tax Credit) | The WOTC (Work Opportunity Tax Credit) is a federal tax credit of up to $2,400 for a qualifying business. This amount increases up to $9,000 when hiring other targeted populations such as disabled veterans, long term family assistance recipients, etc. Using the WOTC can be facilitated by the PWDNET Team.A business who becomes an Employment Network in the Social Security Ticket to Work program can receive up to $23,000 over a period of several years. The Employment Network provides supports to the employees who have a disability. The PWDNET Team can assist you in this process to become an Employment Network. | Businesses providing workforce opportunities in Utah | Rolling | $23,000 | See More Details Here |
| US Department of Energy | Electric Vehicle (EV) Charging Station Rebate | The Utah Department of Environmental Quality (DEQ) offers rebates of up to 50% of the cost to purchase and install Level 2 and direct current fast charging (DCFC) stations. For more information, see the DEQ Workplace EV Charging Funding Assistance Program website. | Utah-based businesses and non-profit organizations are eligible for a maximum rebate of $75,000 each. Government entities are also eligible to apply. | Rolling | Varies | See More Details Here |
| US Department of Energy | Alternative Fuel Vehicle Conversion Grants | The Utah Department of Environmental Quality (DEQ) Conversion to Alternate Fuel Grant Program provides grants to businesses and government entities that purchase clean vehicles or install conversion equipment on eligible vehicles that allows the vehicles to operate on alternative fuel or reduces a vehicle’s emissions of regulated pollutants. Award recipients are required to pass these savings along to the individual who purchases the converted vehicle. Grants may cover 100% of the cost of purchasing a clean vehicle or 50% of the cost of conversion, up to $2,500. | Eligible clean vehicles must operate solely on alternative fuel, and may include on-road vehicles and off-road equipment. Eligible alternative fuels include propane, natural gas, and electricity. | Rolling | Varies | See More Details Here |
| US Department of Energy | Hydrogen Fuel Production Incentives | Each eligible applicant may receive a tax credit equal to the amount of the severance tax owed, up to $5 million per year. | Businesses that convert natural gas to hydrogen fuel, or produce natural gas solely for use in the production of hydrogen fuel for zero emission vehicles (ZEVs), may be eligible for an oil and gas severance tax credit. | Rolling | $5,000,000 | See More Details Here |
| Utah Office of Energy Development | Alternative Energy Development Incentive | The Alternative Energy Development Incentive (AEDI) is a fixed post-performance credit of 75 percent of new eligible state revenues for 20 years, for qualifying projects that produce at least two megawatts of electricity, 250 barrels of biomass, or 1000 barrels of oil per day equivalent from qualifying hydroelectric, solar, biomass, geothermal, wind, nuclear or certain unconventional resources. | To qualify for AEDI, the project must generate new state revenue and new incremental jobs, and it must involve significant capital investment or the creation of high-paying jobs. | Rolling | Varies | See More Details Here |
| Utah Office of Energy Development | High Cost Infrastructure Tax Credit (HCITC) | The High Cost Infrastructure Tax Credit (HCITC) supports significant infrastructure investments in the state, supporting the cost‐effective and sustainable delivery of Utah’s commodities to domestic and global markets. The total nonrefundable tax credit is calculated as 50% of the infrastructure construction costs (30% for Tier 3 fuel projects). Approved entities can claim annual credits of 30% of infrastructure-related state revenue until the credit maximum is reached, 20 years, or the economic life of the project (whichever comes first). | ELIGIBLE PROJECTS: ENERGY DELIVERY TIER-III FUEL STANDARD COMPLIANCE MINERAL PROCESSING UNDERGROUND MINE INFRASTRUCTURE EMISSIONS REDUCTION WATER PURIFICATION WATER RESOURCE FORECASTING. PROJECT REQUIREMENTS: $50 MILLION INVESTMENT IN METRO AREAS OR $25 MILLION IN RURAL AREAS OF UTAH INFRASTRUCTURE CONSTRUCTION COSTS ARE AT LEAST $10 MILLION, OR 10% OF TOTAL PROJECT COST, FOR ENERGY DELIVERY, FUEL STANDARD COMPLIANCE, MINERAL PROCESSING, OR UNDERGROUND MINE INFRASTRUCTURE PROJECTS UTAH ENERGY INFRASTRUCTURE AUTHORITY BOARD APPROVAL OTHER REQUIREMENTS DEPENDENT ON PROJECT | Rolling | Varies | See More Details Here |
| Utah Office of Energy Development | Production tax credit (PTC) | The Production Tax Credit (PTC) is available for large scale solar PV, wind, biomass and geothermal electricity generating renewable energy projects over 660 kilowatts nameplate capacity system size. The PTC is calculated as $.0035 (.35¢) per kilowatt hour of electricity produced during the project's first 48 months of operation after the Commercial Operation Date. Solar PV projects, and only solar PV projects, have the option to choose between the Commercial RESTC (10 percent up to $50,000) or the PTC (.35¢ per kWh for 48 months) if the nameplate capacity system size falls between 660 kW and 2 MW. | The PTC is calculated as $.0035 (.35¢) per kilowatt hour of electricity produced during the project's first 48 months of operation after the Commercial Operation Date. | Rolling | Varies | See More Details Here |
| Utah Office of Energy Development | Renewable energy systems Tax Credit (RESTC) | The Renewable Energy Systems Tax Credit (RESTC) can be applied to residential and commercial renewable energy generating systems. The tax credit amount varies based on technology type and whether it is a residential or commercial installation. | COMMERCIAL: Tax credit for installations on commercial buildings is refundable and calculated as 10% of the system cost ($50,000 credit maximum). | Rolling | Varies | See More Details Here |
| State of Ohio | Research and Development Tax Credit | This credit is granted by the Development Services Agency (DSA). To claim the credit, you must attach a copy of the certificate from DSA that indicates the amount of the credit and the tax year for which the credit is awarded. Additionally, if this credit is based on your ownership of a pass-through entity who holds the certificate, you must also include, when filing your return, documentation of the portion of the credit to which you are entitled. To the extent this credit exceeds your tax liability, the balance can be carried forward until fully utilized. | Businesses conducting qualified R&D in Ohio. | Rolling | Varies | See More Details Here |
| Ohio Department of Development | Ohio Opportunity Zone Tax Incentive | The Ohio Opportunity Zone Tax Credit Program incentivizes applicants to invest in projects in economically distressed areas known as “Ohio Opportunity Zones.” These Ohio Opportunity Zones are qualified opportunity zones in this state designated by the Federal Statute 26 U.S.C. 1400Z-1 (an interactive map of the Ohio Opportunity Zones can be found at the bottom of this program section). The applicant invests cash in the Ohio Qualified Opportunity Fund (“Ohio QOF”), which in turn must invest that money in a Qualified Opportunity Zone property in Ohio. Once the money is invested in the Qualified Opportunity Zone property (“QOZ Property”), the Taxpayer is eligible for a non-refundable tax credit equal to 10% of the amount of its funds invested by the Ohio QOF in the QOZ Property. The Taxpayer may invest in multiple Ohio QOFs and may receive tax credits totaling up to 2 million dollars during the 2022-2023 biennium period. | applicants to invest in projects in economically distressed areas known as “Ohio Opportunity Zones.” | Rolling | Varies | See More Details Here |
| Ohio Department of Development | Ohio Motion Picture Tax Credit | The Ohio Motion Picture Tax Credit (OMPTC) provides a refundable, tax credit of 30 percent on production cast and crew wages plus other eligible in-state spending. OMPTC | To be considered, eligible productions must spend a minimum of $300,000 per project in the state of Ohio, in the production of entertainment content created in whole or in part within this state for distribution or exhibition to the general public. Productions which may be approved for the tax credit include feature-length films, documentaries, long-form specials, miniseries, series and interstitial television programming, pre-Broadway productions, long-run productions, tour launches, interactive web sites, sound recordings, videos, music videos, interactive television commercials, any format of digital media, and any trailer, pilot, video teaser or demo created primarily to stimulate the sale, marketing, promoting or exploitation of future investment in either a product or a motion picture by any means and media in any digital media format, film or videotape. | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | Research and Development Tax Credit | A partially refundable credit for increasing research activities is up to 6.5% of the company’s allotted share of qualifying research expenditures in Iowa. | A company must meet the qualifications of the federal research activities credit and be engaged in the manufacturing, life sciences, software engineering or aviation and aerospace industry to be eligible for the credit on the Iowa return. Companies approved for expansion under the High-Quality Jobs program may be eligible for the amount of the tax credit to be increased for qualifying research and development activities. | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | No Sales and Use Tax on Machinery and Equipment | The purchase of industrial machinery, equipment and computers used in manufacturing is exempt from Iowa sales or use tax.No sales tax is due on purchases of electricity or natural gas used in the manufacturing process. | Businesses buying equipment or using natural gas for manufacturing | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | No Property Tax on Industrial Machinery and Equipment | There is no property tax on industrial machinery, equipment and computers. Pollution control equipment is eligible for exemption from property tax. An application must be filed for exemption. | Industrial/manufacturing companies | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | High-Quality Job Creation Program | Provides qualifying businesses tax credits to offset the cost incurred to locate, expand or modernize an Iowa facility. To qualify for this flexible assistance package that includes tax credits, exemptions and/or refunds, a business must be a non-retail or non-service business and meet wage requirements. | Iowa businesses creating jobs | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | The Iowa Industrial New Jobs Training (260E) program | If a company is expanding operations, or locating a new facility in the state, the program can provide flexible funding to meet the wide variety of training and employee development needs for its new employees. Examples of fund use include screening and assessment, travel for training purposes, in-plant instruction, costs of training facilities, equipment and supplies, etc. The program is paid for by the new employees' withholding taxes at no cost to the employee or the company. These taxes may be diverted for a 10-year period to pay for upfront training costs. | businesses creating new positions with new employee training | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | New Jobs Tax Credit | ASSISTING BUSINESSES AND EXPANDING EMPLOYMENT OPPORTUNITIESThis one-time, corporate income tax credit is available to participants in the New Jobs Training (260E) Program. Iowa offers this credit as an incentive for businesses that provide additional training to employees and expand their workforce.Maximum tax credit in 2024 is $2,292 per new employeeMaximum tax credit in 2025 is $2,370 per new employeeTax credit amount depends upon wages paid and the year in which the tax credit is first claimedUnused tax credits may be carried forward for up to 10 years | Must be entered in a New Jobs Training (260E) agreementMust commit to expand their Iowa employment base by 10% or more | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | Targeted Jobs Withholding Tax Credit | The Targeted Jobs Withholding Tax Credit is a pilot program that allows diversion of withholding funds paid by an employer to be matched by a designated pilot city to create economic incentives directed toward the growth and expansion of targeted businesses.Withholding agreement allows up to 3% of gross wages paid by the employer to be directed to the project budget on a quarterly basisAll designated withholding funds and matching funds are to be used for a project related to the employer as defined in the withholding agreementMust be approved by the Iowa Economic Development Authority Board prior to the execution of any withholding agreementWithholding agreement may have a term of up to 10 years | Must be located in Burlington, Council Bluffs, Fort Madison, Keokuk or Sioux CityMust be relocating to Iowa from another state and creating jobs at or above the hourly wage threshold for the city, ORBe an existing Iowa business creating or retaining 10 new jobs at or above the hourly wage threshold for the city, ORBe an existing Iowa business making a qualifying investment of $500,000 within a pilot cityEffective July 1, 2024, FY 2025 hourly wage thresholds are:Des Moines County: $25.17Lee County: $26.95Pottawattamie County: $26.54Woodbury County: $25.44 | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | Renewable Chemical Production Tax Credit | Iowa's Renewable Chemical Production Tax Credit program incentivizes the production of 30 high-value chemicals derived from biomass feedstocks. | Companies physically located in IowaOperated for profit and under single managementNot an entity providing professional services, health care services, or medical treatments or a retail operationOrganized, expanded or located in Iowa on or after April 6, 2016 (includes NEW businesses in Iowa and EXISTING businesses that expanded production after April 6, 2016)Will not relocate or reduce operations in IowaIn compliance with all agreements entered into under this program or other programs administered by IEDA, if any | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | Innovation Fund Tax Credit | The Innovation Fund Tax Credit was created to stimulate venture capital investment in innovative Iowa businesses. Individual investors receive tax credits equal to 25 percent of an equity investment in a certified Innovation Fund. In turn, those certified Innovation Funds make investments in promising early-stage companies that have a principal place of business in Iowa. | Individual investors receive tax credits equal to 25 percent of an equity investment in a certified Innovation Fund. In turn, those certified Innovation Funds make investments in promising early-stage companies that have a principal place of business in Iowa.Innovative businesses include but are not limited to: businesses engaged in advanced manufacturing, biosciences, and information technology. | Rolling | Varies | See More Details Here |
| Iowa Economic Development and Finance Authority | Research Activities Tax Credit | Iowa companies can earn tax credits for qualified research and development investments. Supplemental research credits are also available through the High Quality Jobs (HQJ) program. | Businesses that make qualified research and development investments. | Rolling | Varies | See More Details Here |
| Iowa Department of Revenue | Income tax deduction for hiring ex-offenders | Iowa employers can claim an additional income tax deduction for hiring individuals with felony convictions, promoting reintegration into the workforce. | Employers may deduct 65% of wages paid to a qualifying ex-offender during the first 12 months of employment, up to $20,000 per employee.The ex-offender must be:Convicted of a felony in Iowa or another jurisdiction.On parole, probation (excluding simple misdemeanors), work release, or incarcerated.Not hired to replace an employee terminated within the past 12 months unless for misconduct.Employed in a new position (not applicable to current employees who become ex-offenders).Employed full-time or part-time and must pass the employer's probationary period. | Rolling | Varies | See More Details Here |
| Iowa Department of Revenue | Income tax deduction for hiring persons with disabilities | This deduction encourages employers to hire individuals with disabilities by allowing a significant income tax deduction | Employers can deduct 65% of wages paid to a qualifying employee with a disability during the first 12 months of employment, up to $20,000 per employee.The employee must be certified as having a disability by the Iowa Division of Vocational Rehabilitation Services or the Department for the Blind.The deduction is claimed on the Iowa 1040 under "other adjustments" or on the corporate income tax return under "other reductions," accompanied by a statement including the employee's details and wages paid. | Rolling | Varies | See More Details Here |
| Iowa Department of Revenue | Assistive device tax credit | This credit supports small businesses in making workplace accommodations for employees with disabilities by offsetting costs related to assistive devices and modifications. | Eligibility:Small businesses with 14 or fewer full-time employees or gross receipts of $3 million or less in the preceding tax year.The credit equals 50% of the first $5,000 spent on purchasing, renting, or modifying assistive devices or making workplace modifications for employees with disabilities.Administered jointly by the Iowa Department of Economic Development and the Department of Revenue. | Rolling | Varies | See More Details Here |
| Iowa Department of Revenue | Property rehabilitation tax credit | This credit incentivizes the rehabilitation of historic properties, aiding in the preservation of Iowa's architectural heritage. | Eligibility:Owners of properties listed on the National Register of Historic Places or eligible for such listing.The credit equals 25% of qualified rehabilitation expenditures.For residential properties or barns, expenditures must be at least $25,000 or 25% of the property's assessed value prior to rehabilitation.Administered by the Iowa Economic Development Authority in collaboration with the State Historic Preservation Office. | Rolling | Varies | See More Details Here |
| Taxation Revenue New Mexico | Advanced Energy Tax Credit | This credit supports investments in qualified advanced energy facilities, such as those generating electricity from renewable sources. | Taxpayers holding an interest in a qualified advanced energy facility that begins construction before January 1, 2018. | Rolling | Varies | See More Details Here |
| Taxation Revenue New Mexico | Agricultural Water Conservation Tax Credit | This credit incentivizes improvements in irrigation systems or water management methods to conserve water. | Taxpayers making eligible improvements in irrigation systems or water management methods. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | Child Care Corporate Income Tax Credit | New Mexico offers a corporate income tax credit of up to $30,000 (30% of the first $100,000 in eligible expenses) for either providing or paying for licensed child care services for employees’ children under 12 years of age. | Employers providing childcare to employees | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | High Wage Jobs Tax Credit | New Mexico offers a 10% corporate income tax credit for wages and benefits paid to employees that earn at least $28,000 annually. This tax credit is capped at $12,000 per year, per job. (After July 1, 2015, the qualifying salary and benefits level will increase to $40,000 annually.) | To qualify, New Mexico employers must have:sold more than 50% of their goods and services outside of New Mexico during the preceding 12 months,total employment is greater than the previous year, andthe employer is certified by the NM Economic Development Department to participate in JTIP. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | Investment Tax Credit for Manufacturing Equipment | New Mexico offers a 5.125% corporate income tax credit on the value of qualified manufacturing equipment. | Eligibility & Specifications:Equipment must be used in a manufacturing facility and depreciated for federal income taxes.Equipment must not have been previously used in New Mexico.If the equipment is acquired using industrial revenue bonds, the purchase is still eligible for this tax credit. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | Job Mentorship Tax Credit | New Mexico offers an annual corporate income tax credit of up to $12,000 for hiring youth who are participating in work-based learning or school-to-career programs that are designed to establish academic goals and career objectives for secondary school students. | Qualified students are:between 14 and 21 years of age,attend an accredited New Mexico secondary school full-time, andare participants in a career preparation education program sanctioned by the secondary school.A student may not qualify for this tax credit for more than 3 taxable years. | Rolling | Varies | See More Details Here |
| New Mexico Finance Authority | New Markets Tax Credits | This program provides a 39% federal income tax credit for investments in businesses or economic development projects in qualified Census tracts. All of Portales qualifies for this program.New Markets Tax Credits require an investment floor of $5 million and it’s capped at $20 million. Recovery of this tax credit occurs over a 7-year period. A 5% recovery is allowed in each of the first 3 years. The recovery rate is increased to 6% in each of the remaining 4 years.If the investment is sold before the 7-year term is completed, all tax credits that have been taken will be recaptured with interest.Benefits for the business may include:lower borrowing costs,higher loan-to-value ratios,lower debt coverage,extended interest-only periods,potential to convert a significant portion of debt at the end of the 7-year compliance period. | To qualify, businesses may not receive more than 80% of revenue from farms, golf courses, tanning salons, massage parlors, package liquor sales, or residential rentals.Since New Markets Tax Credits are intended to stimulate economic growth in low-income areas, projects that demonstrate significant community impact have the best chance for selection. Important factors include:direct, permanent job creation,indirect job creation,construction job creation,blight removal,increased tax base,environmental remediation,attracting or retaining a skilled workforce,green-oriented and technology development projects,providing new goods and services to an underserved area. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | R&D Small Business Tax Credit | New Mexico offers research and development (R & D) small businesses a corporate income tax credit equal to annual gross receipts taxes or up to half of annual withholding taxes. This tax credit can be applied to taxes due on state gross receipts, compensating, and withholding taxes and may be accrued for 3 years of operation. To qualify, the business must: not employ more than 25 employees in a single month; have no more than $5M in total revenue in any prior fiscal year; have made qualified research expenditures that account for at least 20% of total expenditures for the previous twelve (12) months. In addition, if the qualified business is owned directly or indirectly by another business, in any prior calendar month there must not have been more than half of its voting securities, or other equity interest, with the right to replace the governing body of the qualified business. | New Mexico business engaged in research to discover information that is technological in nature and is intended to be useful in the development of a new or improved business component related to new and/or improved function, performance, reliability, or quality. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | Rural Jobs Tax Credit | New Mexico offers a corporate income tax credit of up to $1,000 (6.25% of the first $16,000 in wages) for each job filled by a qualified employee for at least 48 weeks during a 12 month period. This tax credit is redeemed at $1,000 per year, per job. | To qualify, the company must be approved for Job Training Incentive Program (JTIP) funds, but specific jobs within a company do not have to meet JTIP requirements. Employers must be:a manufacturing or production company,a service company that derives at least 50% of its revenue or customer base from outside of New Mexico, orcertain green industries. | Rolling | Varies | See More Details Here |
| New Mexico Energy, Minerals, & Natural Resources Department | Sustainable Building Tax Credit | New Mexico offers a tax credit for utilizing certified sustainable building practices that can be applied to either personal or corporate income taxes. All projects must substantially reduce energy consumption for the new or renovated building.This tax credit is based on a third-party assessment of the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) sustainable building rating that is achieved (silver, gold, or platinum) and the amount of space that has been constructed or renovated. | This tax credit is apportioned on a first-come, first-served basis. The amount of Sustainable Building tax credits that are available each year is capped at $1 million. As of May 23, 2014, $784,187.80 remains available for 2015 projects and all $1 million remains available for 2016. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | Technology Jobs Tax Credit | New Mexico offers a corporate income tax credit of 8% on qualified expenditures for conducting research and development. Qualified expenditures include land, buildings, payroll, rent, operating expenses, software, equipment, technical manuals, and consultants/contractors performing work in New Mexico.An additional 8% tax credit is available if the business increases annual payroll by at least $75,000 for every $1 million in qualified expenditures it claims in a tax year. | To qualify, employers must operate a business that is technological in nature and involves a process of experimentation intended to produce a new and/or improved function, performance, or reliability. The research must not be for cosmetic or style improvements.The Technology Jobs tax credit can be applied to taxes due on state gross receipts, compensating, and withholding taxes. Any remaining balance can be applied to personal or corporate income taxes. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | Veteran Employment Tax Credit | The Veteran Employment tax credit will provide up to $1,000 to a business each time a recently discharged veteran is hired. | A qualified military veteran means an individual who is hired within 2 years of receipt of an honorable discharge from a branch of the U. S. military and who works at least 40 hours per week during the taxable year for which this tax credit is claimed. | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department | Work Opportunity Tax Credit | The Work Opportunity Tax Credit is designed to provide on-the-job experience to traditionally under-employed populations in order to move them toward economic self-sufficiency. There are 8 target groups:Unemployed Veterans & VeteransTANF RecipientsSSI Recipients Designated Community ResidentsFood Stamp RecipientsEx-FelonsVocational Rehabilitation ReferralsLong-Term Family Assistance RecipientsThe tax credit varies according to the new hire’s group. For hiring Long-Term Family Assistance recipients, the maximum tax credit is $4,000 for the first year and $5,000 for the second year. (The tax credit is 40% of the first $10,000 of wages paid in the first year and 50% of the first $10,000 of wages paid in the second year.)For hiring a member of the other groups, the maximum tax credit is $2,400. (The tax credit is 40% of the first $6,000 of wages, if the employee is employed for at least 400 hours. For employees that worked at least 120 hours, but less than 400 hours, the tax credit is 25% of the first $6,000 of wages.) | To qualify, the new hire must increase the employer’s total number of jobs or replace a previously qualified employee.The new hire must not result in the displacement of any currently employed worker or position, including partial displacement or supplanting an individual on lay-off.The employer must qualify for the federal Work Opportunity Tax Credit to receive the New Mexico tax credit.Any remaining balance may be carried forward for 3 years. | Rolling | Varies | See More Details Here |
| New Mexico Finance Authority | The New Markets Tax Credit program | Under the New Markets Tax Credit program, FNM leverages private capital with funds derived from the sale of tax credits to investors. The incentive to investors is a 39% federal income tax credit earned over seven years for every dollar invested in a qualified low-income community enterprise. The benefit to New Mexico businesses is very-low-cost capital, with flexible lending criteria and the potential to convert portions of NMTC loans to equity. | Applicants: For-profit and nonprofit entities that have a project located in a federally designated rural census tract in New Mexico. For a map of qualified census tracts, click here. Project types: Building, equipment, and working capitalFinancing amount: Up to $7 million | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | . Advanced Energy Tax Credit | Up to 20% of qualified equipment costs, capped at $25 million per project | Taxpayers holding an interest in a qualified power-generating facility | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Agricultural Water Conservation Tax Credit | Offers a tax credit for qualified agricultural water conservation expenses | Taxpayers making eligible improvements in irrigation systems or water management methods | Rolling | $10,000 | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Alternative Energy Product Manufacturers Tax Credit | Provides a tax credit for up to 5% of qualified expenditures for manufacturing equipment used in producing alternative energy products | Manufacturers of certain alternative energy products | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Biodiesel Blending Facility Tax Credit | Offers a tax credit for up to 30% of the cost of purchasing and installing equipment used to produce biodiesel blends containing at least 2% biodiesel | Rack operators who install biodiesel blending equipment | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Blended Biodiesel Fuel Tax Credit | Provides a tax credit for each gallon of blended biodiesel fuel on which special fuel excise tax was paid | Taxpayers who pay special fuel excise tax on blended biodiesel fuel | Rolling | Varies | See More Details Here |
| New Mexico Historic Preservation Division | Cultural Property Preservation Tax Credit | Offers a 50% state income tax credit for qualified expenses in restoring, rehabilitating, or preserving cultural properties | Owners of properties listed on the New Mexico Register of Cultural Properties | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Geothermal Heat Pump Tax Credit | Provides a tax credit for the installation of geothermal heat pumps | Taxpayers who purchase and install a geothermal ground-coupled heat pump between January 1, 2010, and December 31, 2020 | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Land Conservation Incentives Tax Credit | Offers a tax credit for charitable donations of land or conservation easements | Taxpayers who donate land to private non-profit or public conservation agencies for conservation purposes | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | New Solar Market Development Tax Credit | Provides a tax credit for the installation of solar energy systems | Taxpayers who purchase and install a solar thermal or photovoltaic system between March 1, 2020, and December 31, 2031 | Rolling | $6,000 | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Renewable Energy Production Tax Credit | Offers a tax credit for the production of renewable energy | Taxpayers who produce electricity by solar light or heat, wind, or biomass | Rolling | Varies | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Solar Market Development Tax Credit | Provided a tax credit for the installation of solar energy systems during the specified period | Taxpayers who purchase and install a solar thermal or photovoltaic system between January 1, 2006, and December 31, 2016 | Rolling | $9,000 | See More Details Here |
| New Mexico Taxation and Revenue Department (TRD) | Sustainable Building Tax Credit | Provides a tax credit for sustainable building practices | Taxpayers who invest in constructing or renovating sustainable residential or commercial buildings that meet “green” building standards | Rolling | Varies | See More Details Here |
| New Mexico Department of Workforce Solutions (NMDWS) | Welfare-to-Work Tax Credit | This credit was designed to incentivize employers to hire long-term family assistance recipients, aiding their transition into the workforce.The program aligns with the federal Welfare-to-Work Tax Credit under 26 U.S.C. Section 51A.Employers could claim a state tax credit equal to 50% of the federal welfare-to-work credit amount for each eligible employee.The credit could be applied against the employer's New Mexico income tax liability.Unused portions of the credit could be carried forward for up to three consecutive taxable years. | Eligibility:Employers who hired individuals certified as "state-qualified employees" before January 1, 2008.A "state-qualified employee" is defined as a long-term family assistance recipient residing in a high-unemployment county during their employment period.The job must be a "state-qualified job," meaning:The position increases the employer's total number of employees compared to the previous tax year, orThe position was previously filled by a state-qualified employee and was vacant prior to the new hire.Employers must ensure that hiring does not:Displace existing workers.Impair existing service contracts or collective bargaining agreements.Violate labor laws or workplace standards.Employees must be paid wages comparable to similar positions and not less than the federal minimum wage | Rolling | $4,250 | See More Details Here |
| One Albequerque Economic Development | Consumables Gross Receipts Tax Deduction for Manufacturers | Qualified manufacturers may deduct 100% of the gross receipt tax paid on consumables used in the manufacturing process. “Consumable” means tangible personal property that is incorporated into, destroyed, depleted, or transformed in the process of manufacturing a product and includes electricity, fuels, water, supplies, chemicals, gases, repair, and spare parts, but does not include tools or equipment used to create the product. | Manufacturers | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | Technology Jobs & Research and Development Tax Deduction | Qualified New Mexico facilities may take a credit equal to 5% (10% in rural areas) of expenditures related to qualified research for payroll, land buildings, equipment, computer software and upgrades, consultants and contractors performing work in New Mexico, technical books, manuals and test materials. The credit may be taken against compensating tax, gross receipts tax (excluding the local options portion of the gross receipts tax), and withholding tax. The credit may be carried forward for up to three years.An additional 5% (10% in rural areas) may be applied against state income tax if base payroll expenses increase by at least $75,000 per $1 million of expenditures claimed. The credit may be carried forward for up to three years. | Facilities engaging in research | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | Aircraft Manufacturing Tax Deduction | The following may be deducted from gross receipts:receipts of an aircraft manufacturer or affiliate from selling aircraft or aircraft partsservices performed on aircraft or aircraft componentsaircraft flight support, pilot training, or maintenance training services | Aircraft manufacturers | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | Directed Energy Systems and Satellites Gross Receipts Tax Deduction | Contractors, other than a national laboratory, that provide qualified research and development services for directed energy and satellite-related inputs to the United States Department of Defense, may deduct their receipts derived from such inputs and services. This deduction only applies to contracts with the Department of Defense entered into on or after January 1, 2016. This credit sunsets January 1, 2031.An additional 5% (10% in rural areas) may be applied against state income tax if base payroll expenses increase by at least $75,000 per $1 million of expenditures claimed. The credit may be carried forward for up to three years. | Energy researchers | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | Military Acquisition Program Tax Deduction | Receipts from transformational acquisition programs performing research and development, testing, and evaluation at New Mexico major range and test facility bases pursuant to contracts entered into with the U.S. Department of Defense may be deducted from gross receipts. An additional 5% (10% in rural areas) may be applied against state income tax if base payroll expenses increase by at least $75,000 per $1 million of expenditures claimed. The credit may be carried forward for up to three years. | Programs performing research and development, and testing and evaluation at New Mexico major range and test facility bases may qualify. | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | Spaceport-Related Activities Gross Receipts Tax Credit | Businesses may deduct receipts from launching, operating, preparing, or recovering space vehicles or payloads from a spaceport in New Mexico and also from the provision of research and development, testing, and evaluation services for the U.S. Air Force Operationally Responsive Space Program. Tax credits are also available for research and development services sold or for resale to the U.S. Air Force.An additional 5% (10% in rural areas) may be applied against state income tax if base payroll expenses increase by at least $75,000 per $1 million of expenditures claimed. The credit may be carried forward for up to three years. | Businesses involved in space research | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | Financial Management Tax Credit | Receipts from fees received for performing management or investment advisory services for a related mutual fund, hedge fund, or real estate investment trust may be deducted from gross receipts. | Businesses receiving financial management services | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | New Mexico Refundable Film Production Tax Credit | New Mexico offers one of the most competitive incentives packages in the industry, which includes a 25% or 30% Refundable Film Production Tax Credit and the Film Crew Advancement Program. An additional 5% credit is available for productions shooting in rural areas outside of the Albuquerque/Santa Fe corridor. Eligible productions include feature films, independent films, television, national and regional commercials, video games, animation, webisodes, documentaries, and post-production. There is no minimum spend or minimum budget requirement for qualifying projects. For complete information regarding the New Mexico Refundable Tax Credit, please visit www.nmfilm.com. For information about the City of Albuquerque Film Office, visit https://www.abqfilmoffice.com | Film makers | Rolling | Varies | See More Details Here |
| One Albequerque Economic Development | Web Hosting Gross Receipts Tax Deduction | Receipts from hosting World Wide Web sites may be deducted from gross receipts. Hosting means storing information on computers attached to the internet. | Businesses involved in web hosting | Rolling | Varies | See More Details Here |
| Michigan Economic Development Corporation | The Michigan Business Development Program (MBDP) | MSF support in the form of a grant will be performance based, with preference given to eligible businesses seeking to locate or expand in Michigan rather than in another state. Grants will include flexible terms and conditions, and will include repayment provisions under circumstances approved by the MSF. MSF support in the form of a loan will also be performance based, with preference given to qualified businesses needing assistance to expand in Michigan. Loans may include flexible terms and conditions, including below market interest rates, extended grace and repayment provisions, forgivable terms and flexible security requirements. Loans will also include provisions requiring repayment of loan funds under circumstances approved by the MSF. A commitment of staff, financial or economic support by the local municipality is required for all projects. The MSF will not provide support under this program for retail or retention projects. | The Michigan Business Development Program (MBDP) is available to eligible businesses that create qualified new jobs and/or make qualified new investment in Michigan. “Qualified new job” means a new, full-time job performed by an individual who is either: a resident of this state whose Michigan income taxes are withheld by an employer; or an employee leasing company or professional employer organization on behalf of the employer or an individual who is not a resident of Michigan and is employed by a business at a project location that is located in this state, provided that the business certifies in writing at the time of the MSF disbursement that not less than 75 percent of the employees of that business are residents of Michigan. In both cases, the qualified new job must be in excess of the number of jobs maintained by the qualified business prior to the expansion or location as determined by the MSF. | Rolling | Varies | See More Details Here |
| Michigan Economic Development Corporation | Michigan New Jobs Training Program | If your company is planning on expanding and adding new jobs in the state of Michigan, the Michigan New Jobs Training Program (MNJTP) program can provide the flexible funding to meet an assortment of employee training and development needs specifically designed for your business. Designed as an economic development tool, MNJTP allows community colleges to provide free training for employers that are creating new jobs and/or expanding operations in Michigan. The training for the newly hired workers is paid by capturing the state income tax associated with the new employees' wages.This is a local program, meaning individual community colleges work directly with employers and local economic development to support job creation. There are no restrictions by industry or employer size. | Companies eligible for the New Jobs Training Program must meet the following requirements:You will be hiring new full-time, permanent positions for a new or expanding business located in the state of Michigan.The new positions are not related to recalling laid off or replacement workers.The new positions are ones that did not exist within the previous 12 months at your business.The new positions pay at least 175% of the state minimum wage. | Rolling | Varies | See More Details Here |
| Michigan Department of Treasury | Small Business Alternative Credit | A taxpayer that claimed a credit under either the SBT or MBT which had a recapture provision must recapture under the CIT if the taxpayer fails to comply with the terms, conditions, or agreement pertaining to the credit or if the taxpayer sells or otherwise moves the property out of the state within 5 years after the year in which the credit was originally claimed. In the case of recapture, a percentage (or the entire amount of the credit previously claimed) will be added back to the taxpayer’s tax liability under the CIT in the tax year in which a triggering event occurs. | The credit is available to any taxpayer, other than insurance companies and financial institutions, with gross receipts that do not exceed $20,000,000.00 and with adjusted business income minus the loss adjustment that does not exceed $1,300,000.00 as adjusted annually for inflation and subject to certain additional disqualifiers. | Rolling | Varies | See More Details Here |
| MiPlace | Brownfield Michigan Business Tax Credits | The Michigan Brownfield Tax Credit Program is no longer available for new awards, however, existing credits will be honored, and if applicable, an amendment will be considered if the credit timeframe is within the 10 year statutory allowance. If an amendment to a previously approved Michigan Brownfield Tax Credit is needed, contact the Brownfield Team at (517) 241-6730 or by email at brownfield@michigan.org. | Businesses located on brownfields | Rolling | Varies | See More Details Here |
| Middle Michigan Development Corporation | Industrial Property Tax Abatement (PA 198) | Industrial property tax abatements provide incentives for eligible businesses to make new investment in Michigan. These abatements encourage Michigan manufacturers to build new plants, expand existing plants, renovate aging plants or add new machinery and equipment. High-technology operations are also eligible for the abatement. | Businesses located on industrial property | Rolling | Varies | See More Details Here |
| Macomb County Michigan | Food Export Branded Program | Up to 50% reimbursement for international marketing activities including web site development, foreign market-compliant packaging and labels, advertising and more. | Food businesses in Michigan | Rolling | Varies | See More Details Here |
| Team Kentucky Cabinet for Economic Development | The Kentucky Small Business Tax Credit Program (KSBTC) | Your company may be eligible for a substantial tax credit just for doing what successful businesses do – grow!It’s simple. The Kentucky Small Business Tax Credit program offers between $3,500 and $25,000 per year for small businesses that have:Hired and sustained at least one new job in the last yearPurchased at least $5,000 in qualifying equipment or technology | Most businesses with 50 or fewer full-time employees are eligibleOpen to nearly all industry segments, including retail and serviceTax credit amount ranges from $3,500 to $25,000 per year depending on jobs created and investment madeTax credit applies to state tax return for the year it was awardedHave you hired at least one new full-time employee and invested at least $5,000 in new equipment/technology? You may be eligibleThe new employee must have been on the payroll for at least one yearThe new employee must earn at least $10.88/hour | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Biodiesel Tax Credit | The biodiesel tax credit is a nonrefundable credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 in an amount certified by DOR. This credit is for any taxpayer that produces and/or blends biodiesel pursuant to KRS 141.422 to 141.424, 141.425, and 103 KAR 15:140. The total amount of tax credit shall be an amount equal to one dollar ($1) per gallon of produced or blended biodiesel, unless the total amount of approved credit for all taxpayers exceeds the annual cap of $10,000,000. | A sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the biodiesel credit under the business name. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1. If a taxpayer and spouse are entitled to claim the credit, the credit may be wholly claimed if they file jointly, but must be split if they file separately. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.A corporation may apply the biodiesel tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1.Claiming the Biodiesel Tax Credit on your Tax ReturnFile the Schedule BIO with DOR's approved credit certificate. To claim the credit complete Part IV, Biodiesel Credit Used by Taxpayer, and enter the amount of credit claimed for the taxable year against the LLET or income tax on Schedule TCS or Schedule ITC according to the instructions on each schedule. The credit is claimed on the return filed for the first fiscal year ending after the close of the preceding calendar year in which the biodiesel was produced or blended. No carryforward is allowed. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Cellulosic Ethanol Tax Credit | The cellulosic ethanol tax credit is a nonrefundable credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 in an amount certified by the department. This credit is for any taxpayer that produces cellulosic ethanol pursuant to KRS 141.422, 141.4244, 141.4246, 141.4248 and 103 KAR 15:120. The total amount of tax credit is one dollar ($1) per cellulosic gallon produced, unless the total amount of approved credit for all taxpayers exceeds the annual cap of $5,000,000, then the credit is prorated amongst approved applicants. | A pass-through entity (partnership, S-Corporation, LLC, general partnership, trust, etc.) may apply the cellulosic ethanol credit against the LLET on its Kentucky Income and LLET Return and pass the credit through to its members, partners, or shareholders in the same proportion as the distributive share of income is passed through with the ordering of the credits under KRS 141.0205. The credit is passed through to the partners, members, or shareholders of a pass through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the members, partners, or shareholders may be used against individual income tax or corporate income tax and LLET. A sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the cellulosic ethanol credit under the business name. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1. If a taxpayer and spouse are entitled to claim the credit, the credit may be wholly claimed if they file jointly, but must be split if they file separately. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the cellulosic ethanol tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Certified Rehabilitation Tax Credit | The Certified Rehabilitation tax credit is a refundable and transferrable credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. This credit is for completing a certified rehabilitation to a certified historic structure which is located within the jurisdiction of a consolidated local government or urban-county government and within one-half mile of a tax increment financing that has received at least preliminary approval. Any unused credit may be carried forward 7 years.The overall cap for the certified rehabilitation tax credit is increased to $100 million for applications received on or after April 30, 2022. Twenty-five percent of the cap is allocated to owner-occupied residential property. The previous cap was $5 million. | The application process begins with the Kentucky Heritage Council (KHC). The KHC determines what properties qualify for the credit, the guidelines for each property and if the credit will be used for the rehabilitation of a residence or commercial property located in a historic district. Applications must be submitted to the KHC by the 30th day after the close of a calendar year, January 30. After certification of the credit is received, a copy of the letter must be filed with the income tax return to determine the credit against the income tax liability and the LLET. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Clean Coal Incentive Tax Credit | The clean coal incentive tax credit is a nonrefundable and nontransferable credit that may be taken against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax), the limited liability entity tax (LLET) imposed by KRS 141.0401, or the public service corporation property tax (state portion only) imposed by 136.120. Unused credit amounts cannot be carried forward to later tax years and must be used on the tax return filed for the period during which the eligible coal was purchased. | A pass-through entity (partnership, S-Corporation, LLC, general partnership, trust, etc.) may apply the clean coal incentive tax credit against the LLET on its Kentucky Corporation and LLET Return and pass the credit through to its partners, members, or shareholders in the same proportion as the distributive share of income or loss is passed through with the ordering of the credits under KRS 141.0205.The credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. Each pass-through entity shall notify the department electronically of all partners, members, or shareholders who may claim any amount of the approved credit. Failure to provide information to the department in a manner prescribed by regulation may constitute the forfeiture of available credits to all partners, members, or shareholders associated with the pass-through entity.A sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit for clean coal incentive tax credit under the business name. An individual may claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.CorporationsA corporation may apply the clean coal incentive tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return and then it may be applied to the tax imposed by KRS 136.120, public service corporation property tax (state portion only). The credit shall meet the entirety of the taxpayer's liability under the first tax listed in consecutive order before applying any remaining credit to the next lax listed. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Coal Conversion Tax Credit | The clean coal incentive tax credit is a nonrefundable and nont ransferable credit that may be taken against income taxes imposed by KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401, with the ordering of the credits as provided in KRS 141.0205. The credit is allowed for 10 years consecutive from the date of the initial installation, modification, or utilization of any heat-generating facility installed or modified on and after January 1, 1984, or 10 years consecutive from the filing of a fuel-switching credit claim. | A corporation may apply the coal conversion tax credit against income tax and LLET on its Kentucky Corporation Income and LLET Return. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Decontamination Tax Credit | The Decontamination tax credit is a refundable credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. This credit is for a taxpayer making a qualifying expenditure at a qualifying decontamination property to encourage investment in and decontamination or remediation of qualifying decontamination property. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the decontamination tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Distilled Spirits Tax Credit | The distilled spirits tax credit is a nonrefundable and nontransferable credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 for taxpayers who pay Kentucky property tax (ad valorem) on distilled spirits assessed under KRS 132.160 and timely paid under KRS 132.180. The amount of distilled spirits tax credit allowed is only for capital improvements at the premises of the licensed distiller. Unused credit amounts cannot be carried forward to later tax years. However, the distilled spirits tax credit may be accumulated for multiple taxable years. | A sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit for distilled spirits under the business name. An individual may claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.An individual may also claim the credit if they timely filed and paid tangible property tax returns and tax liabilities, completed capital improvements on the premises of their distillery, and claimed the credit on the Schedule DS filed with their individual income tax return. If a husband and wife have both names listed on the schedule DS, the credit may be wholly claimed if they file jointly but must be split if they file separately. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the distilled spirits tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Economic Development Tax Credits | The Economic Development tax credits are applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. | A sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit for distilled spirits under the business name. An individual may claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.An individual may also claim the credit if they timely filed and paid tangible property tax returns and tax liabilities, completed capital improvements on the premises of their distillery, and claimed the credit on the Schedule DS filed with their individual income tax return. If a husband and wife have both names listed on the schedule DS, the credit may be wholly claimed if they file jointly but must be split if they file separately. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the distilled spirits tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Employer GED Incentive Tax Credit | The Employer General Educational Development (GED) Incentive tax credit is a nonrefundable income tax credit for employers who assist employees in completing a learning contract in which the employee agrees to obtain their high school equivalency diploma. The credit may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Employer's Unemployment Tax Credit | The Employer's Unemployment tax credit is a nonrefundable income tax credit that can be applied against income taxes imposed by KRS 141.020 (individual income tax), or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205.A taxpayer must hire a Kentucky resident who has been classified as unemployed for at least 60 days. The Kentucky resident must remain employed for 180 consecutive days during the tax year. For each qualified person hired, a one-time nonrefundable credit of $100 may be claimed. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Endow Kentucky Tax Credit | The Application for Preliminary Authorization of the Endow Kentucky Tax Credit (Form 41A720-S85) shall be used to obtain preliminary approval of the tax credit. The department shall accept an application via fax, e-mail, or hand-delivery as provided on page 2 of the Endow Application (Form 41A720-S85). The process for acceptance and consideration of an application is set forth in 103 KAR 15:195. More information on the application process and the tax credit can be found below. Please return to the web page for future updates on the amount of available tax credit. | Pass-through EntitiesA pass-through entity (partnership, S-Corporation, LLC, general partnership, trusts, etc.) may apply the endow credit against the LLET on its Kentucky Income and LLET Return and pass the credit through to its members, partners, or shareholders in the same proportion as the distributive share of income is passed through with the ordering of the credits under KRS 141.0205.The credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the members, partners, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the endow credit under the business name. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.If a taxpayer and spouse are entitled to claim the credit, the credit may be wholly claimed if they file jointly but must be split if they file separately. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the endow tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Ethanol Tax Credit | The ethanol tax credit is a nonrefundable credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 in an amount certified by the department. This credit is for any taxpayer that produces ethanol pursuant to KRS 141.422, 141.4242, 141.4246, 141.4248, and 103 KAR 15:110. The total amount of tax credit is one dollar ($1) per ethanol gallon produced, unless the total amount of approved credit for all taxpayers exceeds the annual cap of $5,000,000, then the credit is prorated amongst approved applicants. | Pass-through EntitiesA pass-through entity (partnership, S-Corporation, LLC, general partnership, trust, etc.) may apply the ethanol credit against the LLET on its Kentucky Income and LLET Return and pass the credit through to its members, partners, or shareholders in the same proportion as the distributive share of income is passed through with the ordering of the credits under KRS 141.0205. The credit is passed through to the partners, members, or shareholders of a pass through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the members, partners, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the ethanol credit under the business name. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1. If a taxpayer and spouse are entitled to claim the credit, the credit may be wholly claimed if they file jointly, but must be split if they file separately. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the ethanol tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Film Industry Tax Credit | The film industry tax credit is a credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401. The film industry tax credit is a tax credit calculated based upon varying percentages of qualified motion picture or entertainment production expenditures. Depending on the date the application is approved, this tax credit is either refundable or nonrefundable. The annual total tax incentive cap is provided under KRS 141.383 and varies by tax year. | Pass-through EntitiesA pass-through entity (partnership, S-Corporation, LLC, general partnership, trust, etc.) may apply the ethanol credit against the LLET on its Kentucky Income and LLET Return and pass the credit through to its members, partners, or shareholders in the same proportion as the distributive share of income is passed through with the ordering of the credits under KRS 141.0205. The credit is passed through to the partners, members, or shareholders of a pass through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the members, partners, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the ethanol credit under the business name. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1. If a taxpayer and spouse are entitled to claim the credit, the credit may be wholly claimed if they file jointly, but must be split if they file separately. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the ethanol tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Inventory Tax Credit | The inventory tax credit is a nonrefundable and nontransferable credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 for any taxpayer that, on or after January 1, 2018, timely pays ad valorem (tangible personal property) taxes on inventory to a taxing jurisdiction in Kentucky. Unused credit amounts cannot be carried forward to later tax years. | Pass-through EntitiesA pass-through entity (partnership, S-Corporation, LLC, general partnership, etc.) may apply the inventory tax credit against the LLET on its Kentucky Income and LLET Return and pass the credit through to its members, partners, or shareholders in the same proportion as the distributive share of income or loss is passed through, in accordance with KRS 141.408(3). The pass-through entity is not required to have income for the credit to be passed through and utilized by members, partners, or shareholders.The credit is passed through with the income or loss and is reported on the Kentucky Schedule K-1. Any credit that is passed through to the members, partners, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit, as long as they timely paid ad valorem tax on inventory. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.CorporationsA corporation may apply the inventory tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Kentucky Investment Fund Tax Credit | The Kentucky Investment Fund Act was established to encourage capital investment in the Commonwealth of Kentucky, to encourage the establishment or expansion of small businesses in Kentucky and create additional jobs. “Investment fund" means any entity that is organized by an investment fund manager in compliance with applicable state and federal securities laws and regulations. For qualified investments approved on or after January 1, 2022, an investor may claim the credit on the tax return filed for the taxable year in which the investment is made by the investment fund. This credit may be carried forward up to 15 taxable years after approval. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Qualified Research Facility Tax Credit | The qualified research facility tax credit is a nonrefundable credit equal to 5% of the qualified costs of construction of research facilities that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. Any unused credit may be carried forward 10 years.Construction of research facilities – constructing, remodeling, and equipping facilities in this state or expanding existing facilities in this state for qualified research; includes only tangible, depreciable property; and does not included any amounts paid or incurred for replacement property Qualified research – qualified research as defined in Section 41 of the Internal Revenue Code | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Railroad Expansion Tax Credit | The railroad expansion tax credit is a nonrefundable income tax credit that can be applied against income taxes imposed by KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. This credit cannot be carried forward.The credit is equal to 25% of the expenditures paid or incurred by the corporation or railway company to expand or upgrade railroad track, including roadbeds, bridges, and related track structures to accommodate the transport of fossil energy resources or biomass resources. The credit amount approved for a calendar year for all taxpayers under this section is limited to $1,000,000. If the total amount of approved credit exceeds $1,000,000, the Department of Revenue will determine the amount of credit each corporation and railway company may receive during the application process. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Railroad Maintenance and ImprovementTax Credit | The railroad maintenance and improvement tax credit is a nonrefundable income tax credit that can be applied against income taxes imposed by KRS 141.020 (individual income tax), or KRS 141.040 (corporation income tax), and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. This credit cannot be carried forward.Qualified expenditures are expenditures that are made to improve railroads located in Kentucky including roadbeds, bridges, and related structures, that are owned or leased by a Class II or Class III railroad. The credit is equal to 50% of the qualified expenditures paid or incurred by the taxpayer during the taxable year not to exceed the product of $3,500 multiplied by the sum of the number of railroad track miles in Kentucky owned or leased by the eligible taxpayer as of the close of the taxable year; and the number of railroad track miles in Kentucky assigned to the eligible taxpayer by a Class II or Class III railroad. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Recycling or Composting Equipment Tax Credit | The recycling or composting equipment tax credit is a credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401. This credit is for any taxpayer that purchases recycling or composting equipment to be used exclusively within this state for recycling or composting postconsumer waste materials. The total amount of tax credit shall be an amount equal to fifty percent (50%) of the installed cost of the recycling or composting equipment. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Renewable Chemical Production Tax Credit | The recycling or composting equipment tax credit is a credit that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401. This credit is for any taxpayer that purchases recycling or composting equipment to be used exclusively within this state for recycling or composting postconsumer waste materials. The total amount of tax credit shall be an amount equal to fifty percent (50%) of the installed cost of the recycling or composting equipment.The Renewable chemical production tax credit is a nonrefundable and nontransferable credit available for tax years 2021 through 2024 that may be applied against income taxes imposed by KRS 141.020 (individual income tax) or KRS 141.040 (corporation income tax) and the limited liability entity tax (LLET) imposed by KRS 141.0401 in an amount certified by the Department of Revenue. This credit is for any taxpayer that has met the requirements outlined in KRS 246.700 and received a preliminary certification of the tax credit by the Department of Agriculture and final certification under KRS 141.423 by the Department of Revenue. This credit is for a qualified taxpayer that produces renewable chemicals pursuant to KRS 141.422 to 141.4231, 246.700 and 302 KAR 4:010. The total amount of tax credit shall be an amount equal to five cents ($0.05) per molecular pound of weight of renewable chemicals produced in Kentucky by an eligible business, unless the total amount of approved credit for all taxpayers exceeds the annual cap of $10,000,000. The renewable chemical production tax credit shares the annual $10,000,000 cap with the biodiesel and renewable diesel production tax credits per KRS 141.422. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| Kentucky Department of Revenue | Voluntary Environmental Remediation Tax Credit | The voluntary environmental remediation tax credit is a nonrefundable income tax credit that can be applied against income taxes imposed by KRS 141.020 (individual income tax), or KRS 141.040 (corporation income tax), and the limited liability entity tax (LLET) imposed by KRS 141.0401 with the ordering of credits as provided in KRS 141.0205. Credit is allowed for taxpayer expenditures made at a qualifying voluntary environmental remediation property to correct the effect of a release of hazardous substances, pollutants, contaminants, petroleum, or petroleum products on the property consistent with a corrective action plan approved by the Energy and Environment Cabinet. Credit is allowed provided the cleanup was not financed through a public grant program or the petroleum storage tank environmental assurance fund. The maximum credit for each taxpayer shall not exceed $150,000. An affiliated group of taxpayers filing a consolidated return under KRS 141.200 are treated as one taxpayer. Taxpayers claiming a credit under this section shall submit receipts to the Energy and Environment Cabinet as proof of the expenditures claimed. The credit may be claimed in the year in which the credit was certified. The amount of allowable credit for any taxable year shall be 25% of the maximum credit approved and it may be carried forward 10 years. | Pass-through EntitiesThe credit is passed through to the partners, members, or shareholders of a pass-through entity that are the partners, members, or shareholders at the time of the application and subsequent approval of the credit. The income is reported on the Kentucky Schedule K-1 and any credit that is passed through to the partners, members, or shareholders may be used against individual income tax or corporate income tax and LLET. IndividualsA sole proprietor reporting business income on Schedule C (federal Form 1040) may claim the credit. An individual may also claim the credit if it is passed through to them from a partnership, LLC, or S-Corporation on a Kentucky Schedule K-1.An individual may also claim the credit on their individual income tax return. For a husband and a wife filing separate returns or filing separately on a joint return, the credit may be taken by either or divided equally. If the application lists only one of the spouse's names, the listed spouse is entitled to claim the full credit.CorporationsA corporation may apply the tax credit against income tax and LLET on its Kentucky Corporation Income Tax and LLET Return. A corporation may also claim the credit if it is passed through to them from a pass-through entity on a Kentucky Schedule K-1. | Rolling | Varies | See More Details Here |
| US Department of Energy | Alternative Fuel Production Tax Incentives | The incentive offsets eligible expenses for up to 15 years for an economic development project located in an enhanced incentive county or 10 years for an economic development project located in another county. An approved company may be eligible for a credit of up to 100% of the Kentucky corporate income or limited liability entity tax liability and wage assessment fees are available. | Companies that engage in alternative fuel production and hydrogen transmission pipelines may be eligible for the Kentucky Business Investment (KBI) Program. The Kentucky Cabinet for Economic Development (Cabinet) provides income tax credits and wage assessment incentives to eligible companies that locate or expand operations in Kentucky. Energy-efficient alternative fuels are defined as homogeneous fuels that are produced from processes designed to densify feedstocks such as coal, waste coal, or biomass resources and have an energy content that is greater than the feedstock. | Rolling | Varies | See More Details Here |
| The Internal Revenue Service (IRS) | Small Business Health Care Tax Credit | Employers providing health benefits to employees in Vermont | businesses that:Offer employees a Vermont Health Connect-certified qualified health plan (QHP)Have fewer than 25 full-time equivalent employeesPay average annual wages below $55,000 per full-time employee (FTE)Contribute at least 50% of each employee's premium (employee only) | Rolling | Varies | See More Details Here |
| State of Vermont | Vermont Income Tax Credits for Building Rehabilitation Projects in Designated Downtowns and Village Centers | • 10% Historic Rehabilitation Tax Credit (add-on or piggy back credit for projects approved for the 20% Federal Rehabilitation Tax Credit). Projects eligible for the 20% federal credit receive an additional 10% Vermont income tax credit for all building improvements, unlike the following state credits, which only target certain rehabilitation costs. In effect, the combined federal-state credits reduce the entire rehabilitation cost by 30%. Maximum credit is $50,000. • 25% Façade Improvement Tax Credit. A state income tax credit is available to cover 25% of eligible façade improvements, with a maximum allocation amount of $25,000. Projects eligible for the 10% Historic Rehabilitation Credit above are ineligible for this program. • 50% Code Improvement Tax Credit. This credit covers code-related work including: o Elevators and sprinklers, as required to bring the building into compliance with access and life safety codes; tax credit allocation up to $50,000 for elevator work and up to $50,000 for sprinkler systems. o Platform lifts, as required to bring the building into compliance with access codes; tax credit allocation up to $12,000. o Other code work required to meet ADA, electrical or plumbing codes, the abatement of hazardous substances like lead paint and asbestos, and the redevelopment of a contaminated property under a plan approved by the Secretary of Natural Resources; tax credit allocation up to $25,000 for the combined costs of these qualified improvements. Projects must be inspected for code compliance. | Tax credits are available to owners or lessees of a building built prior to 1983, located within a Designated Downtown or Village Center, and not used solely as a single-family residence. Federal, state and local governments, and religious entities operating with a primarily religious purpose, are not eligible for tax credits. | Rolling | Varies | See More Details Here |
| Think Vermont | Vermont Employment Growth Incentive (VEGI) | The VEGI program provides incentives from the State of Vermont to encourage prospective economic activity in Vermont that is beyond a business’s organic growth—growth that would not occur, would not occur in Vermont, or would occur in a significantly less desirable manner without the incentive. The economic activity can be generated by a Vermont company, a Vermont division adding new qualifying employees, a company that is considering Vermont as a new location, or a start-up business. Once authorized, the incentives are earned and installments paid if performance requirements are met and maintained. | The State of Vermont offers incentives to encourage business recruitment, growth, and expansion through the Vermont Employment Growth Incentive program (VEGI). The VEGI program can provide a performance-based cash incentive for prospective job and payroll creation and capital investment that is beyond organic growth and which occurs because of the incentive. Companies must be authorized to earn the incentive through application to the Vermont Economic Progress Council (VEPC), who must find that: The total estimated incremental tax revenues from all sources generated to the State by the proposed economic activity exceeds the revenue costs of the activity to the State, including the cost of the incentive; The host municipality welcomes the new business and the proposed economic activity conforms to applicable town and regional plans; The business is in compliance with State regulations and laws; If the business proposes to expand within a limited local market, an incentive would not give the business an unfair competitive advantage over other Vermont businesses in the same or similar line of business and in the same limited local market; and But for the incentive, the proposed economic activity: (A) would not occur; or (B) would occur in a significantly different manner that is significantly less desirable to the State. | Rolling | Varies | See More Details Here |
| New Hampshire Department of Business and Economic Affairs | Coos County Job Creation Tax Credit | The Coos County Job Creation Tax Credit is awarded to businesses hiring employees for new, full-time positions that pay wages 200 percent higher than the minimum wage | Businesses in Coos County, NH providing wages 200 percent higher than minimum wage | Rolling | Varies | See More Details Here |
| New Hampshire Department of Business and Economic Affairs | Research and Development Tax Credit | The Research and Development Tax Credit enables businesses to apply for tax credits on new research and development costs they can use toward business taxes paid. The credit can be carried forward for up to five years. | NH companies engaged in R&D | Rolling | Varies | See More Details Here |
| New Hampshire Department of Business and Economic Affairs | NH Education Tax Credit Program | The New Hampshire Education Tax Credit Program was established in 2012 by Senate Bill 372 .pdf Icon (Chapter 287, Laws of 2012), The Education Tax Credit (ETC), allows a business organization or business enterprise to make a money donation (up to $600,000) to an approved scholarship organization(s) for which the business organization or business enterprise will receive a tax credit against the Business Profits Tax (BPT) and/or Business Enterprise Tax (BET) or Interest and Dividends Tax (I&D) equal to 85% of their donation. | Businesses donating to approved scholarship organizations | Rolling | Varies | See More Details Here |
| New Hampshire Department of Business and Economic Affairs | Economic Revitalization Zone Credit | The actual credit amount is based on capital investment, number of new jobs created, and the salary level of the new jobs. To qualify, a business must locate in qualifying areas that have been certified as Economic Revitalization Zones. Tax credits are non-refundable and non-transferable. Credits must first be applied against the Business Profits Tax (BPT) with any remaining credit applied against the Business Enterprise Tax (BET). Unused credits may be carried forward for up to five years. The State of New Hampshire has designated $825,000 statewide, per year, to be made available for ERZ tax credits. | Businesses that create at least one net new full-time job and make capital improvements may be eligible for an economic revitalization zone (ERZ Credit) tax credit against the Business Profits Tax (BPT) and or the Business Enterprise Tax (BET). | Rolling | Varies | See More Details Here |
| Town of Manchester New Hampshire | Downtown Nashua Tax Relief Incentive | Property owners who intend to substantially rehabilitate a building located in Downtown Nashua may apply to the City of Nashua for a period of temporary tax relief. The Community Revitalization Tax Relief, if granted, is a finite period of time during which the property tax on the structure would not increase as a result of its substantial rehabilitation (between 5 and 13 years). In exchange for the relief, the property owner grants a covenant ensuring there is a public benefit to the rehabilitation. Following expiration of the finite tax relief period, the structure would be taxed at its full market value, taking into account the rehabilitation. | EligibilityA property owner can apply for the tax relief only if:The building is located within the boundaries of the Downtown Nashua Community Revitalization Tax Relief DistrictThe rehabilitation costs at least 15% of the building’s pre-rehab assessed value, or $75,000, whichever is less, andThe rehabilitation is consistent with the Downtown Nashua Master Plan and the development regulations of the City of Nashua | Rolling | Varies | See More Details Here |
| Twn of Somersworth NH | Economic Revitalization Zones (ERZ’s) | The City of Somersworth has two Economic Revitalization Zones (ERZ’s) that offer potential tax savings to employers who invest in their facilities and create jobs. ERZ Tax Credits are a short-term, tax credit against the State’s business profits and enterprise taxes. The total maximum amount of the credit is $200,000 which is spread out over five years. The total credit is based on the amount invested in the facility and the number of jobs created. | Businesses located in Economic Revitalization Zones (ERZ’s) in Somersworth | Rolling | Varies | See More Details Here |
| City of Concord New Hampshire | Brownfields Tax Abatements | Under NH state law, RSA 76:19-a, the City may grant a brownfields tax abatement in order to encourage economic development projects. A brownfield site is defined by the U.S. Environmental Protection Agency as “real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant.” Under RSA 76:19-a, the Concord City Council may approve a property tax abatement in an amount equal to “prior years' taxes and accrued interest…as it shall deem just and equitable.” | To be eligible, the property must be enrolled in the State’s Brownfields Program, administered by the NH Department of Environmental Services. | Rolling | Varies | See More Details Here |
| City of Concord New Hampshire | New Market Tax Credit | Property within certain federal census tracts within the City of Concord may be eligible for the federal New Market Tax Credit Program. Implemented in 2000, projects utilizing this program are eligible for 39% tax credit on the total project cost over a seven-year period. For real estate development projects, the tax credit can be claimed directly by the developer of the project, or sold in order to raise equity for a project. These tax credits must be secured from “Community Development Entities” (“CDEs”) which have been awarded credits from the US Department of Treasury. Area CDEs having credits to invest in projects include the NH Business Finance Authority, Coastal Enterprises based in Portland Maine, the Mascoma Savings Bank, and the Massachusetts Housing Investment Corporation. Projects developed in Concord using New Market Tax Credits include the Smile Building at 45 South Main Street and Love Your Neighbor Building at 49 South Main Street. | Businesses in the required federal census tracts | Rolling | Varies | See More Details Here |
| City of Concord New Hampshire | Historic Tax Credits | Development projects which preserve and renovate a “historic” building may qualify for Federal Historic Tax Credits. A 20% income tax credit is available for the rehabilitation of historic, income-producing buildings that are determined by the Secretary of the Interior, through the National Park Service, to be “certified historic structures.” All renovations under the 20% program must comply with the Secretary of the Interior’s Standards for Rehabilitation of historic structures. The US Internal Revenue Service defines qualified rehabilitation expenses on which the credit may be taken. Owner-occupied residential properties do not qualify for the federal rehabilitation tax credit. | Owners of a historic building | Rolling | Varies | See More Details Here |
| State of Maine Maine Historic Preservation Commission | State Historic Rehabilitation Tax Credit - Substantial Rehabilitation Credit | A 25% state credit for any rehabilitation that also qualifies for the 20% federal credit. | The rehabilitation must meet all of the requirements of the Federal tax incentive program | Rolling | Varies | See More Details Here |
| State of Maine Maine Historic Preservation Commission | State Historic Rehabilitation Tax Credit - Small Project Rehabilitation Credit | A 25% state credit for the rehabilitation of certified historic structures with certified qualified rehabilitation expenditures of between $50,000 and $250,000. This credit is available to entities that do not claim the federal rehabilitation credit. | Applicants must meet all federal tax code qualifications except the substantial investment requirement. | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Research Expense Tax Credit | In general, R&D tax credits are based on federal IRS rules and applied for as part of a company’s state corporate tax return. The credit is based on a percentage of the federal Credit for Increasing Research Activities. The credit is limited to 5% of the excess qualified research expenses over the previous three-year average plus 7.5% of the basic research payments under IRC § 41(e)(1)(A). The credit is further limited to 100% of the first $25,000 in tax liability plus 75% of the tax liability in excess of $25,000. The credit cannot be carried back, but it can be carried forward for up to 15 years. | Businesses engaged in research | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Renewable Chemicals Tax Credit | The State of Maine offers a tax credit at $0.08 per pound for the production of renewable chemicals, which are defined to be no less than 95% biobased content; to include chemicals, polymers, plastics and formulated products; and to exclude substances used for food, feed, or fuel, with limited exceptions. Eligibility for this tax credit is certified by DECD. This credit may be carried over for up to 10 years. | Businesses producing renewable chemicals | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Biofuels Production Tax Credit | The State of Maine offers a tax credit of $0.05 per gallon for the production of biofuels. The credit is available to biofuel producers who are certified by the Department of Environmental Protection. This credit may be carried over for up to 10 years | Businesses producing biofuels | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Maine Renewable Energy Equipment Tax Exemption | Solar and wind energy equipment, except that of industrial power suppliers, is exempt from local property tax. Taxpayers must apply for the credit by April 1 of the first year the exemption is requested. | Businesses producing renewable energy | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Sales Tax Exemptions | Maine state sales tax exemptions are available for manufacturing, R&D, custom computer programming, fuel & electricity, and biotechnology. Sales tax exemptions are applied either at the time of purchase using an Industrial Users Blanket Sales Tax Certificate of Exemption (PDF) or as a refund with the Refund Form (PDF). | Businesses selling products | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Manufacturing | Sales of machinery and equipment used by the purchaser directly and primarily in the production of tangible personal property for later sale or use is eligible for a sales tax exemption. In addition, items consumed or destroyed directly or primarily in production and repair and replacement parts for qualified production equipment are exempt from sales tax. Also, any manufacturer is exempt from paying 95% of the sales tax on fuel and/or electricity used in the manufacturing facility. | Businesses purchasing manufacturing equipment | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Custom Computer Programming | Any custom computer programming purchased by a business is exempt from sales tax. If a standard program is purchased, then customized, the cost of the standard program would be taxable and the customizing, if separately stated, would be nontaxable. | Businesses purchasing custom computer programming | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Biotechnology | Sales of machinery, equipment, instruments, and supplies used by the purchaser directly and primarily in a biotechnology application are eligible for a sales tax exemption. | Businesses purchasing biotechnology equipment | Rolling | Varies | See More Details Here |
| Maine Office of Business Development | Commercial Agricultural and Aquacultural Production | Sales of feed hormones, pesticides, antibiotics, and medicines used in commercial agricultural or aquacultural production are exempt from sales or use tax. Sales of fertilizer, seed, defoliants, insecticides, weed killers, fuel, electricity, and depreciable machinery and equipment are also exempt from sales or use tax. The sale of breeding stock and other activities existing under animal agricultural production are also exempt from sales tax. | Businesses selling hormones, pesticides, antibiotics, and medicines used in commercial agricultural or aquacultural products, animal production products, fertilizer, seed, defoliants, insecticides, weed killers, fuel, electricity, and depreciable machinery and equipment. | Rolling | Varies | See More Details Here |
| New York State Department of Labor | The Work Opportunity Tax Credit (WOTC) | The Work Opportunity Tax Credit (WOTC) offers employers up to $2,400 in federal tax savings for hiring individuals with barriers to employment. Qualified individuals must complete at least 120 hours of work to qualify for the partial WOTC credit of $1,500, and over 400 hours for the full $2,400 credit. To qualify businesses for the credit, individuals must be verified as members of a targeted group. | Businesses based in New York | Rolling | Varies | See More Details Here |
| New York State Department of Labor | Workers (with Disabilities) Employment Tax Credit (WETC) | Businesses that employ people with disabilities who currently receive vocational rehabilitation services (or people who received them up to two years prior to hire) may earn $2,100 more in state tax credits. You get the credit during the second year of employment and can combine it with the Work Opportunity Tax Credit (WOTC). | Businesses based in New York | Rolling | Varies | See More Details Here |
| New York State Department of Labor | Federal Bonding Program | The Federal Bonding Program (FBP) was created as a hiring incentive for job seekers facing multiple barriers to employment. The FBP provides six months of no-cost fidelity bonding coverage to businesses that hire eligible job seekers. A job seeker or employer can initiate services of the FBP by contacting a Local Bonding Coordinator or the NY State Bonding Coordinator (SpecialPopulations@labor.ny.gov). The benefits of the FBP are promoted to businesses and job seekers at all New York State Career Centers by Business Services staff, local bonding coordinators, and the NYS State Bonding Coordinator. | Businesses based in New York | Rolling | Varies | See More Details Here |
| New York State Department of Labor | Work for Success | The Work for Success (WFS) Program is a partnership between NYSDOL and the Department of Corrections and Community Supervision (DOCCS). It is an initiative aimed at reducing the high unemployment rate among the thousands of New Yorkers returning home from prison by providing pre-employment and job placement assistance. Individuals are evaluated and identified for referral to the WFS program by DOCCS reentry staff. | Businesses based in New York | Rolling | Varies | See More Details Here |
| New York State Department of Labor | New York Youth Jobs Program | The New York Youth Jobs Program helps young people entering the world of work have a successful start. The program encourages the hire of unemployed, disadvantaged youth. Businesses may earn tax credits of up to $7,500 per youth for full-time employment, and up to $3,750 per youth for part-time employment. | Businesses based in New York | Rolling | Varies | See More Details Here |
| New York State Department of Labor | Hire a veteran credit | hires a qualified veteran who begins employment on or after January 1, 2014, but before January 1, 2025; and employs the qualified veteran in New York State for the twelve-month period in a full-time or part-time position. | Businesses based in New York | Rolling | Varies | See More Details Here |
| New York State Department of Labor | Farm workforce retention credit | You are entitled to this refundable credit for tax years beginning on or after January 1, 2017, and before January 1, 2026, if you:are a farm employer or an owner of a farm employer, andhave an eligible farm employee (employed at least 500 hours). | Businesses based in New York | Rolling | Varies | See More Details Here |
| Empire State Development Corporation | Tax Elimination Credit | The tax-free NY area allocation factor is the percentage of the business’s economic presence in the tax-free NY area where the business was approved to locate by ESD. The tax factor is computed based on your tax after other allowable credits. See the credit form instructions for additional information on how to calculate your credit. Eligible taxpayers may claim the credit for ten consecutive tax years beginning with the tax year during which the business locates in a tax-free NY area. | Businesses based in New York | Rolling | Varies | See More Details Here |
| Empire State Development Corporation | Telecommunication services excise tax | You are entitled to this refundable credit if you or your business:is approved by Empire State Development (ESD) to participate in the START-UP NY program and received a Form DTF-74, Certificate of Eligibility, from your campus sponsor;operates in a tax-free New York area; creates and maintains net new jobs; and meets the annual employment test. | Businesses based in New York | Rolling | Varies | See More Details Here |
| Economic Development of San Luis Arizona | Qualified Facilities Tax Credit | The Arizona Qualified Facility tax credit is designed to attract and expand corporate headquarters, manufacturing, and related R&D operations in the state. Managed by the Arizona Commerce Authority, it offers up to $125 million annually in refundable tax credits to eligible businesses until December 2030. Businesses can receive a tax credit of up to 10% of their capital investment or up to $30 million each year, dependent on investment and job creation. | Eligibility hinges on a minimum $250,000 investment in facilities primarily focused on qualifying activities and the creation of new full-time positions with wages exceeding the state’s median. Companies must also have a majority of their sales out of state and cover a significant part of their employees' health insurance. This program is a lucrative incentive for businesses to invest in Arizona, bolstering the state’s economy and employment landscape. | Rolling | Varies | See More Details Here |
| Economic Development of San Luis Arizona | Foreign Trade Zones | Foreign Trade Zones (FTZ) are government-designated sites where foreign and domestic materials may be stored, manipulated, mixed with domestic and/or foreign materials, used in assembly or manufacturing processes, or exhibited for sale without triggering the payment of U.S. Customs and Border Protection (CBP) duties and excise taxes. Along with duty and tariff elimination or reduction, Arizona offers up to an 80% reduction in state real and personal property taxes by operating in a federally qualified Foreign Trade Zone. The reduction is good for the entire time that a company operates in the FTZ. | Trade zone occupants | Rolling | Varies | See More Details Here |
| Arizona Solar Center | Arizona Corporate Non-Residential Solar and Wind Tax Credit | This incentive is a Corporate Tax Credit. Note that the credit may be applied towards corporate or personal income taxes. There is a maximum credit of $25,000 for any one building in the same year and a total credit of $50,000 per business in any year. The credit is available to Agricultural, Commercial, Industrial, Nonprofit, Schools, and Institutional entities as well as, Local, State and Tribal Governments. There is no restriction on the size of the system however the program budget is $1 million annually. | The eligible technologies include Photovoltaics, Solar Water Heat, Passive Solar Space Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process Heat, Solar Cooling, Solar Pool Heating, Wind, and Daylighting. Program expiration is set for 12/31/2018. To qualify for the tax credits, a business must submit an application to the Arizona Commerce Authority (ACA). | Rolling | Varies | See More Details Here |
| Arizona Solar Center | Arizona Renewable Energy Production Tax Credit Corporate | This incentive is a Corporate Tax Credit for electricity produced by certain eligible renewable systems annually over a ten-year period. Note that the credit may be applied towards corporate or personal income taxes. The system size must be a minimum of 5 MW. It is applicable to systems installed after 12/31/2010. The eligible technologies are Photovoltaics, Solar Thermal Electric, Landfill Gas, Wind, and Biomass. The maximum incentive for any system is $2 million per year and the annual budget for the program is $20 million. | Businesses installing photovoltaics (PV) and solar thermal electric systems varies depending on the year of electricity production | Rolling | Varies | See More Details Here |
| Arizona Commerce Authority | Quality Jobs tax credit | The primary goal of the Quality Jobs tax credit (A.R.S. § 41-1525) is to encourage business investment and the creation of high-quality employment opportunities in the state. Quality Jobs accomplishes this goal by providing tax credits to employers creating a minimum number of net new qualifying jobs and making a minimum capital investment in Arizona. The Quality Jobs tax credit offers up to $9,000 of Arizona income or premium tax credits spread over a three-year period for each net new qualifying job ($3,000 per year). The program encourages continuous employment; | Any company making the minimum capital investment in Arizona and creating the minimum net new qualifying jobs can apply. Eligibility qualifications are different for rural and urban areas and are described in the chart below. A taxpayer is eligible to claim Program credits once, within a 12-month period the Taxypayer, (i) makes the requisite minimum investment, and (ii) creates the requisite minimum number of new qualifying jobs. | Rolling | Varies | See More Details Here |
| Arizona Commerce Authority | The Research and Development (R&D) incentive | The Research and Development (R&D) incentive provides an Arizona income tax credit for increased research and development activities conducted in this state, including research conducted at a state university and funded by the company. The goal is to encourage Arizona businesses to continue investing in research and development activities. | Arizona companies involved in Research | Rolling | Varies | See More Details Here |
| Arizona Commerce Authority | Computer Data Center Program | The objective of this program is to encourage computer data center (CDC) operation and expansion in Arizona. The Program accomplishes this objective by providing Transaction Privilege Tax (TPT) and Use Tax exemptions at the state, county and local levels, on qualifying purchases of CDC Equipment. The CDC incentive is administered by the Arizona Commerce Authority (ACA) in conjunction with the Arizona Department of Revenue (ADOR). | An owner, operator or qualified co-location tenant of a CDC may receive the exemptions provided by the incentive for up to ten full calendar years following the year certification of the CDC is issued. However, if the CDC qualifies as a Sustainable Redevelopment Project, the exemptions are available for up to 20 full calendar years following the year certification of the CDC is issued. | Rolling | Varies | See More Details Here |
| Arizona Commerce Authority | Sales Tax Exemptions for Manufacturing | This credit offsets expenses incurred for manufacturing companies | Exemptions are available for:Machinery or equipment used directly in manufacturing, see A.R.S. § 42-5159(B)(1).Machinery, equipment or transmission lines used directly in producing or transmitting electrical power, but not including distribution, see A.R.S. § 42-5159(B)(4).Machinery or equipment used in research and development, see A.R.S. § 42-5159(B)(15).The electricity or natural gas for businesses that are principally engaged in manufacturing or smelting operations. See A.R.S. §§ 42-5063(C)(6) and 42-5159(G).Questions can be directed to the Arizona Department of Revenue at 602-255-3381. | Rolling | Varies | See More Details Here |
| City of Tacoma | Family Wage Jobs | This five-year tax incentive is designed to stimulate business, reward businesses for creating good-paying jobs, and put our citizens to work. That means if you expand your workforce in Tacoma, you can get a credit against the B&O tax of up to $2,250 annually. | Businesses get a $500 credit to apply to their B&O tax every year for five years if they:Add a new full-time (35 or more hours/week) job to your Tacoma workforce.Pay that new employee the minimum hourly family wage per hour.Keep that new position for at least five years. If your employee leaves the position, you have three months to refill it without any reduction in credit.Maintain records that show the growth in your employment base in Tacoma. | Rolling | $2,250 | See More Details Here |
| City of Tacoma | Small Business Phased Tax Credit | Businesses with an annual gross income from $250,001 to $300,000 are eligible for a credit and pay only a percentage of their tax due. | Small business | Rolling | Varies | See More Details Here |
| Hawaii.gov | Hawaiʻi Tax Credit for Research Activities | The Hawaiʻi Tax Credit for Research Activities (TCRA), also known as the Hawaiʻi R&D Tax Credit, is a significant financial incentive for businesses in Hawaiʻi that are involved in the development of new products or services. This tax credit allows eligible high-tech businesses, those that conduct more than 50% of their activities in qualified research, to claim a refundable credit against their corporate or personal income tax for expenses incurred in research activities. This benefit is particularly valuable for fostering innovation and technological advancement within the state. | Hawaii R&D businesses | Rolling | Varies | See More Details Here |
| County of Hawaii | Qualified Business Income Deduction | Extends qualified business income deduction from 2025 through 2027. Provides a 20% deduction on business income | Businesses with total taxable income below $170,050 for single filers or $340,100 for joint filers. If your income is above this threshold, you may still qualify but for a more limited deduction. Generally, entities that qualify include: Sole proprietorships Partnerships S corporations Limited Liability Companies (LLCs) | Rolling | $170,000 | See More Details Here |
| County of Hawaii | Federal Research and Development Tax Credit | Qualified small businesses can apply for up to $500,000 in tax credits to offset their payroll taxes | taxpayers with gross receipts of less than $5 million for the tax year, and no gross receipts for any tax year more than five years prior to the end of the current tax year | Rolling | $500,000 | See More Details Here |
| County of Hawaii | Section 48: Energy Investment Tax Credit | Provides a tax credit for investment in renewable energy projects. Projects must begin construction before 1/1/25 | Fuel cell, solar, geothermal, small wind, energy storage, biogas, microgrid controllers, and combined heat and power properties | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 45: Renewable Energy Production Tax Credit | Provides a tax credit for production of electricity from renewable sources for projects beginning construction before 1/1/25. | Facilities generating electricity from wind, biomass, geothermal, solar, small irrigation, landfill and trash, hydropower, and marine and hydrokinetic renewable energy. | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 45W: Qualified Commercial Clean Vehicles | Provides a tax credit for purchasers of qualified commercial clean vehicles | Businesses that acquire motor vehicles or mobile machinery for use or lease; tax-exempt entities that acquire them for use. | Rolling | $40,000 | See More Details Here |
| County of Hawaii | Section 30C: Alternative Fuel Refueling Property Credit | Provides a tax credit for alternative fuel vehicle refueling and charging property in low-income and rural areas. Alternative fuels include electricity, ethanol, natural gas, hydrogen, biodiesel, and others. 30% tax credit up to $100,000 per station for commercial property and up to $1,000 per station for residential property. | The qualified alternative fuel vehicle refueling property must be for clean burning fuels, as defined in the statute, and must be located in low-income or rural areas. | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 45Q: Carbon Oxide Sequestration Credit | Provides a credit for carbon dioxide sequestration coupled with permitted end uses within the United States. Up to $85 per ton of carbon dioxide permanently stored and up to $60 per ton of carbon dioxide used for enhanced oil recovery or other industrial uses of carbon dioxide. | U.S. facilities within minimum volumes: 1,000 metric tons of CO2 per year for DAC facilities; 18,750 metric tons for electricity generating facilities (with carbon capture capacity of 75% of baseline CO2 production); 12,500 metric tons for other facilities. | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 45U: Zero-Emission Nuclear Power Production Credit | Tax credit for electricity produced at a qualified nuclear power facility. Base credit: 0.3 cents/kWh, inflation adjusted after 2024. Credit amount phases down depending on the amount of energy produced and the gross receipts of the nuclear power facility. 5 times the base credit if prevailing wage requirement is met for workers doing alteration or repair at the facility. | Nuclear Facilities | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 45V Clean Hydrogen Production Credit | Provides a tax credit to produce clean hydrogen at a qualified clean hydrogen production facility.Base credit: $0.60/kg multiplied by the applicable percentage. The applicable percentage ranges from 20% to 100% depending on lifecycle greenhouse gas emissions. The $0.60/kg is adjusted for inflation.5 times the base credit if the facility meets prevailing wage and registered appre | Producers of hydrogen in the United States | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 45Z: Clean Fuel Production Credit | Provides a tax credit for domestic production of clean transportation fuels, including sustainable aviation fuels. Base credit: $0.20/gallon for non-aviation fuel and $0.35/gallon for aviation fuel, multiplied by the carbon dioxide “emissions factor” of the fuel. Inflation adjusted after 2024. Credit is 5 times the base amount ($1/gallon for non-aviation fuel, $1.75 gallon for aviation fuel, multiplied by the emissions factor) for facilities meeting prevailing wage and registered apprenticeship requirements. Inflation adjusted after 2024. | egistered producers in the United States. Fuels with less than 50 kilograms of carbon dioxide equivalent per million British thermal units (CO2e per mmBTU) qualify as clean fuels eligible for credits. | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 45X: Advanced Manufacturing Production Credit | Provides a production tax credit for domestic manufacturing of components for solar and wind energy, inverters, battery components, and critical minerals. | Domestic Manufacturers | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 48C: Advanced Energy Project Credit | Provides a tax credit for investments in advanced energy projects, as defined belowBase credit: 6% of taxpayer’s qualifying investment Bonus: Businesses can claim a 30% credit for projects meeting prevailing wage and registered apprenticeship requirements. | A project that(1) re-equips, expands, or establishes an industrial or manufacturing facility for the production or recycling of a range of clean energy equipment and vehicles;(2) re-equips an industrial or manufacturing facility with equipment designed to reduce greenhouse gas emissions by at least 20 percent; or(3) re-equips, expands, or establishes an industrial facility for the processing, refining, or recycling of critical materials. | Rolling | Varies | See More Details Here |
| County of Hawaii | Section 179D: Energy Efficient Commercial Buildings Deduction | Provides a tax deduction for energy efficiency improvements to commercial buildings, such as improvements to interior lighting; heating, cooling, ventilation, and hot water; and building envelope. Tax exempt entities can pass credits through to the designer or developer of the property.Base credit: $0.50-$1 per square foot, depending on increase in efficiency, with deduction over four year periods capped at $1 per square foot. Inflation adjusted. Alternatively, taxpayers can deduct adjusted basis in “qualified retrofit plans” that reduce a building’s energy use intensity by at least 25%. | Owners and long-term lessees of commercial buildings. Designers of energy efficient building property (architects, engineers). Tax-exempt owners of commercial properties, pending Treasury guidance on deduction allocation. | Rolling | Varies | See More Details Here |
| State of HAwaii Creative industries Division | DBEDT Production Tax Credit Hub for the Motion Picture, Digital Media, and Film Production Income Tax Credit | This is a refundable income tax credit based on a production's Hawaii expenditures incurred while producing a qualified film, television, commercial, or digital media project here in the Hawaiian Islands.Our competitive tax incentive program has major tax credit benefit of 22% or 27%.22% on total "qualified production costs" incurred on Oahu27% on total "qualified production costs" incurred on any of Neighbor Islands.$17 million credit cap per "qualified production."50M annual cap, distributed through the allocation process §18-235-17-04 | Film companies in Hawaii | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | ImagiNE Nebraska Act | ImagiNE Nebraska is our redesigned incentives portfolio created with small and large businesses in mind. Whether you are expanding your business or relocating to Nebraska, let us help you ImagiNE the possibilities. | Businesses in Nebraska | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Nebraska Advantage Microenterprise Tax Credit Act | This program provides a refundable income tax credit to individuals who are actively engaged in operating a microbusiness. The credit is based on demonstrated growth of the business over two years, specifically through increased investment or employment. The Nebraska Department of Revenue (DOR) administers the program, authorizing up to $2 million in tax credits each calendar year, plus any unclaimed credits carried forward from the prior year | To qualify, applicants must meet the following criteria:Active Involvement: The applicant must be actively engaged in the day-to-day operations of the microbusiness. Passive investors are not eligible.Business Size: The microbusiness must have five or fewer full-time equivalent (FTE) employees at the time of application.Farm and Livestock Operators: Applicants involved in farming or livestock operations must have a net worth of $500,000 or less, including holdings by a spouse or dependent. Certain activities like processing or marketing agricultural products raised by another person, aquaculture, agricultural tourism, or producing specific crops are exempt from this limitation.E-Verify Compliance: The microbusiness must use E-Verify to ensure that all newly hired employees are legally authorized to work in Nebraska. | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Nebraska Advantage Rural Development Act (LB 608, as amended by LB 312) | The Nebraska Advantage Rural Development Act (LB 608, as amended by LB 312) is a tax incentive program administered by the Nebraska Department of Revenue. It aims to stimulate economic growth in rural areas by providing refundable income tax credits to businesses that invest in new facilities or expand employment in eligible rural locations. | To qualify for the program, applicants must meet the following criteria:Qualifying Business: Engage in a business activity that is considered a qualifying business under the Act.Location: Operate in a rural area of Nebraska, as defined by the Act.Investment and Employment: Demonstrate an increase in investment or employment compared to the base year.E-Verify Compliance: Utilize E-Verify to confirm that all new employees hired after the application date are legally authorized to work in the United States. revenue.nebraska.govApplication Fee:Level 1 and Level 2 Projects: $500Livestock Modernization Projects:$100 for investments less than $25,000$250 for investments between $25,000 and $49,999$500 for investments of $50,000 or more | Rolling | $10,000,000 | See More Details Here |
| Official State of Nebraska Website | Nebraska Biodiesel Tax Credit Act | Retail dealers who sold and dispensed biodiesel on a retail basis through a motor fuel pump located at a taxpayer’s retail motor fuel site are eligible to earn a refundable income tax credit of 14 cents per gallon multiplied by the total number gallons of biodiesel sold in the prior calendar year. If the product sold is a blend of biodiesel, only the part of the product that is biodiesel, as defined in Neb. Rev. Stat. §77-7010(1), is eligible for the tax credit and not the entire blend. | To qualify for the tax credit, applicants must:Be a Retail Dealer: Engaged in selling and dispensing biodiesel on a retail basis through a motor fuel pump at a Nebraska retail motor fuel site.Sales Period: Have sold biodiesel during the prior calendar yearApplication Window: Submit a complete application between January 1 and April 15 for sales made in the previous calendar year. nebraskalegislature.govDocumentation: Provide necessary documentation, including the total gallons of biodiesel sold and any other information required by the Nebraska Department of Revenue | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Nebraska Higher Blend Tax Credit Act | The Nebraska Higher Blend Tax Credit Act is a state incentive program designed to encourage the sale of higher ethanol-blended gasoline by providing refundable income tax credits to retail fuel dealers. This initiative supports the expansion of renewable fuel usage, benefiting both the environment and Nebraska's agricultural economy | To qualify for the tax credit, applicants must:Be a Retail Dealer: Engaged in the business of storing and dispensing motor fuel from a motor fuel pump for sale on a retail basis at a Nebraska location.Sell Qualifying Ethanol Blends: Have sold and dispensed E15 or higher ethanol blends during the prior calendar year through a motor fuel pump at the retail site.Application Submission: Submit a complete application, including required schedules and documentation, through the Nebraska Department of Revenue's secure file sharing system. | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Nebraska Historic Tax Credit | he Nebraska Historic Tax Credit (NHTC) program, established under the Nebraska Job Creation and Mainstreet Revitalization Act, incentivizes the rehabilitation of historically significant properties in Nebraska. It offers tax credits to property owners undertaking certified rehabilitation projects, promoting economic development and the preservation of the state's architectural heritage. | To qualify for the NHTC:Property Criteria: The property must be historically significant, such as being listed on the National Register of Historic Places or located within a registered historic district.Use of Property: The property should be used for income-producing purposes; owner-occupied residential properties are generally ineligible.Rehabilitation Standards: The rehabilitation work must meet the Secretary of the Interior's Standards for Rehabilitation.Application Process: Applicants must complete a multi-part application, including obtaining certifications from History Nebraska and submitting required documentation to the DOR. | Rolling | Varies | See More Details Here |
| Nebraska Department of Agriculture | NextGen Program | The NextGen Program, administered by the Nebraska Department of Agriculture, aims to support beginning farmers and ranchers in Nebraska by facilitating access to agricultural assets and providing tax incentives to asset owners. Through the Beginning Farmer Tax Credit Act, the program encourages the transfer of agricultural assets to new producers, promoting generational continuity in farming and ranching. | Nebraska resident, 18 years or older.Farming or ranching for less than 10 of the past 15 years.Net worth not exceeding $750,000 (adjusted annually for inflation).Provide majority of daily physical labor and management.Plan to farm or ranch full-time.Have farming or ranching experience or education.Complete an approved financial management course.For Asset Owners:Own agricultural assets located in Nebraska.Enter into a minimum three-year lease agreement with an eligible beginning farmer or rancher.If leasing to a relative, both parties must attend a succession planning workshop and have a written succession plan. | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Renewable Chemical Production Tax Credit Act | he Nebraska Renewable Chemical Production Tax Credit Act is a state incentive program designed to promote the production of renewable chemicals within Nebraska. It offers refundable income tax credits to eligible businesses that produce renewable chemicals derived from biomass feedstock, aiming to stimulate economic development and support the bio-based chemical industry in the state. | To qualify for the tax credit:Certification: Businesses must apply to the DED to be certified as eligible. Eligibility criteria include:Producing renewable chemicals in Nebraska.Using biomass feedstock as the primary input.Complying with all applicable environmental and safety regulations | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Nebraska Urban Redevelopment Act | The Nebraska Urban Redevelopment Act is a state tax incentive program aimed at revitalizing economically distressed areas within Nebraska. It offers refundable income tax credits to businesses that invest in qualified locations and, in some cases, create new employment opportunities. The program is administered by the Nebraska Department of Revenue (DOR) | To qualify for the Urban Redevelopment Act tax credits, businesses must:Location: Operate in a designated economic redevelopment area within Nebraska.Investment: Make a minimum investment in qualified property at the qualified location, as specified above.revenue.nebraska.govEmployment: For certain levels of credit, hire a minimum number of new equivalent employees at the qualified location.Wage Requirements: Pay new equivalent employees at least 70% of the Nebraska statewide average hourly wage.E-Verify Compliance: Utilize E-Verify to confirm that all new employees hired after the application date are legally authorized to work in the United States.Application: Submit a complete application to the Nebraska Department of Revenue, including all required documentation and fees. | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | The Nebraska Biodiesel Tax Credit Act | The Nebraska Biodiesel Tax Credit Act offers a refundable income tax credit to retail dealers who sell biodiesel at their Nebraska-based motor fuel sites. This initiative aims to promote the use of renewable fuels and support the state's agricultural economy. | To qualify for the tax credit, applicants must:Be a Retail Dealer: Engaged in selling and dispensing biodiesel on a retail basis through a motor fuel pump at a Nebraska retail motor fuel site.Sales Period: Have sold biodiesel during the prior calendar year.Application Submission: Submit a complete application, including required schedules and documentation, through the Nebraska Department of Revenue's secure file sharing system. Incomplete applications will have their submission date adjusted to the date when all complete documentation is received.revenue.nebraska.govDocumentation: Provide necessary documentation, including the total gallons of biodiesel sold and any other information required by the Nebraska Department of Revenue. | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Nebraska Employer Tax Credit for Employing Convicted Felons | Effective for taxable years beginning on or after January 1, 2023, the program offers a tax credit to employers who hire individuals convicted of a felony in Nebraska or any other state. The credit is designed to encourage the employment of individuals who may face barriers to reentry into the workforce. | To qualify for the tax credit:Eligible Employee: An individual who has been convicted of a felony in Nebraska or any other state.Employer Obligations:Employ the eligible individual during the taxable year.Submit an application to the DOR, including:The number of eligible employees employed during the taxable year.The amount of wages paid to each eligible employee.Any additional information required to verify eligibility. | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Individuals with Intellectual and Developmental Disabilities Support Act | The Nebraska Individuals with Intellectual and Developmental Disabilities Support Act, enacted through Legislative Bill 937 (LB 937) in 2024, establishes tax credits to support direct support professionals (DSPs) and employers involved in providing care and services to individuals with intellectual and developmental disabilities (IDD). These credits are effective for taxable years beginning on or after January 1, 2025 | For Direct Support ProfessionalsEmployed as a DSP in Nebraska for at least six months during the taxable year.Completed a minimum of 500 working hours within the same year.Employers of Direct Support Professionals:Each DSP must be employed for at least six months during the taxable year.Each DSP must have worked a minimum of 500 hours within the same year.Employers of Individuals Receiving Medicaid HCBS Waiver Services:Employee must be a recipient of services under a Medicaid Home and Community-Based Services (HCBS) waiver.Employed for at least six months during the taxable year.Completed a minimum of 200 working hours within the same year.Employers Providing Specific HCBS Waiver Services:Provided one or more of the following services to individuals under a Medicaid HCBS waiver during the taxable year:Prevocational services.Supported employment – individual.Small group vocational support.Supported employment – follow along. | Rolling | Varies | See More Details Here |
| Official State of Nebraska Website | Nebraska Relocation Incentive Act Credit and Deduction | he Nebraska Relocation Incentive Act (NRIA), established under Legislative Bill 1023 (LB 1023) and codified in Neb. Rev. Stat. §§ 77-3107 to 77-3112, is a state initiative designed to encourage employers to attract skilled workers to Nebraska by offering tax incentives for relocation expenses. This program is effective for taxable years beginning on or after January 1, 2025. | For EmployersQualified Employee: An individual who moves to Nebraska for the purpose of accepting a position of employment and receives an annual salary between $70,000 and $250,000. | Rolling | Varies | See More Details Here |
| NYSERDA | Truck Voucher Incentive Program | NYTVIP provides vouchers, or discounts, to Fleets (Vehicle/Equipment Purchasers and Operators) across New York State that purchase or lease medium- and heavy-duty zero-emission battery electric (BEV) or hydrogen fuel cell electric (FCEV) vehicles, electric non-road equipment, and BEV or FCEV transit buses.Voucher amounts are calculated differently based on funding track. Voucher incentive levels may differ by vehicle/equipment type, vehicle weight class, vehicle domicile locations, fleet size, and dismantling of an older diesel vehicle. Voucher amounts are subject to funding availability and applicable per-project caps. For more information about program eligibility and rules, consult the Program Implementation ManualLink opens in new window - close new window to return to this page.. | Vehicle/Equipment Dealers, Class 3-8 Zero Emission Vehicles, Non-Road Equipment, and Transit Buses. | Rolling | Varies | See More Details Here |
Please note: A substantial effort has been made to provide accurate and complete information on this website. However, we cannot guarantee that there will be no errors. Startup Fund Hub is a product of E.B. Howard Consulting, LLC. E.B. Howard Consulting, LLC. does not assume any legal liability for the accuracy, completeness, or usefulness of any information, products, or processes disclosed herein or represents that use of such information, products, or processes would not infringe on privately owned rights. It is up to you to check with each funder with regard to focus, fit, funding amounts, deadlines, and approach before applying.