From Site Selection magazine, November 2001
STATE LEGISLATIVE ACTIVITY
|
|
South Carolina
The definition of "corporate headquarters" was amended to clarify that "information technology" is a qualifying corporate headquarters function for the purposes of the state's existing Corporate Headquarters Income tax Credit.
A LLC subject to the Federal Power Act is now eligible for the Corporate Headquarters Income Tax Credit regardless of whether it meets the general corporate headquarters test.
Electrical facilities transferred to a LLC regulated by the Federal Power Act are exempt from the state sales tax and any applicable local option sales taxes.
Super Fee-in-Lieu of Property Taxes Modifications: includes a new provision allowing a gas-fired combined cycle power facility that creates only 25 jobs to qualify for a Super Fee if it invests $400 million and has capital in place already of $500 million.
Governor: Jim Hodges (D) 803-734-9400
South Dakota Governor's Office of Economic Development, Chris Braendlin, Commissioner, 1-800-872-6190
Payment of sales tax on manufacturing equipment and machinery can be delayed until it s under production.
Governor: William J. Janklow (R) 605-773-3212
Proposed Tennessee Biobased Education Program - bill would create a biobased education program with Oak Ridge National Lab and University of Tennessee.
Joint House and Senate Budget Committee recommended a one-cent increase in state's sales tax.
Both House and Senate overrode governor's state budget veto.
Legislature expected back in session in October for tax reform.
Governor: Don Sundquist (R) 615-741-2001
The Texas Economic Development Act authorizes certain ad valorem tax incentives for economic development. It includes authorization for school districts to provide tax relief for certain companies making large investments and authorization to enact certain fees.
A tax abatement bill permits municipalities to enter into tax abatement agreements with lessees located in a reinvestment zone.
House Bill 1027 provides for the cleanup of certain brownfields by authorizing the state to encourage cleanup with sales and tax proceeds, property tax breaks and other incentives.
A new Technology Workforce Fund, comprised of matching funds from the state and industry, will bolster the output of engineering and computer science graduates from Texas universities.
The Texas Emissions Reduction Program is a new $133 million fund that incentivizes industry and individuals to purchase vehicles and equipment powered by alternative fuel.
Governor: George W. Bush (R) 512-463-2000
Utah Technology Alliance announced an initiative to encourage investment in the state's high technology ecosystems - i.e. computer graphics, biotechnology/genetics, and medical devices.
Gov. Mike Leavitt launches "Finditin Utah" - on-line resource to promote business, services and Gov. Leavitt's Technology Initiative includes developing a brand identity for Utah's technology hub.
Governor: Mike Leavitt (R) 801-538-1000
|
|
|
 | Site Selection Online | SiteNet | Feedback | Search SiteNet | ©2001 Conway Data, Inc. All rights reserved. SiteNet data is from many sources and is not warranted to be accurate or current.
|
