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Results found for "tax credits"


Tobacco manufacturer Philip Morris is taking a dispute over $7.2 million in state tax credits to the N.C. Court of Appeals.
Tobacco manufacturer Philip Morris is taking a dispute over $7.2 million in state tax credits to the N.C. Court of Appeals.
 
Tax credits for higher-income people buying expensive electric vehicles will be borne on the backs of the poor
Tax credits for higher-income people buying expensive electric vehicles will be borne on the backs of the poor
 
Energy Secretary Jennifer Granholm suggested that families should buy an electric car or invest in weatherizing their homes to combat soaring inflation.
Published: Friday, September 2nd, 2022 @ 10:18 pm By: Daily Wire
Energy Secretary Jennifer Granholm suggested that families should buy an electric car or invest in weatherizing their homes to combat soaring inflation.
 
Great news kemosabes, thanks to the Inflation Reduction Act, you can soon start saving hundreds via tax credits — you just have to start shelling out thousands of dollars on green energy appliances to reap the benefits.
Published: Friday, September 2nd, 2022 @ 5:31 am By: Daily Wire
Great news kemosabes, thanks to the Inflation Reduction Act, you can soon start saving hundreds via tax credits — you just have to start shelling out thousands of dollars on green energy appliances to reap the benefits.
 
As the Democrats force Americans to go green, automakers are going even greener. Ford and General Motors unveiled price increases for their electric vehicle lineups as the Inflation Reduction Act — which includes electric vehicle tax credits — is slated to become law.
Published: Tuesday, August 23rd, 2022 @ 11:34 pm By: Daily Wire
As the Democrats force Americans to go green, automakers are going even greener. Ford and General Motors unveiled price increases for their electric vehicle lineups as the Inflation Reduction Act — which includes electric vehicle tax credits — is slated to become law.
 
Most electric cars won’t qualify for the tax credits established by the tax and spending plan recently passed by Democrats in the Senate.
Published: Saturday, August 20th, 2022 @ 7:18 pm By: Daily Wire
Most electric cars won’t qualify for the tax credits established by the tax and spending plan recently passed by Democrats in the Senate.
 
The N.C. Department of Revenue faced a legal setback last month in an ongoing fight over renewable energy tax credits. The state’s top administrative law judge rejected the department’s attempt to deny credits to a renewable energy investor.
The N.C. Department of Revenue faced a legal setback last month in an ongoing fight over renewable energy tax credits. The state’s top administrative law judge rejected the department’s attempt to deny credits to a renewable energy investor.
 
State tax credits for solar energy projects made for bad public policy. That doesn’t excuse recent action from the N.C. Revenue Department that denies those credits to solar energy finance companies.
State tax credits for solar energy projects made for bad public policy. That doesn’t excuse recent action from the N.C. Revenue Department that denies those credits to solar energy finance companies.
 
The dispute between solar energy finance companies and the state’s revenue department has reached court.
The dispute between solar energy finance companies and the state’s revenue department has reached court.
 
North Carolina life insurance customers may pay higher premiums unless the Cooper administration reverses course on renewable-energy tax credits.
North Carolina life insurance customers may pay higher premiums unless the Cooper administration reverses course on renewable-energy tax credits.
 
Tax credits claimed by clients of Dan McCready’s solar investment company may be jeopardized by Gov. Roy Cooper’s Department of Revenue.
Tax credits claimed by clients of Dan McCready’s solar investment company may be jeopardized by Gov. Roy Cooper’s Department of Revenue.
 
A major solar energy financing company says the N.C. Department of Revenue may be breaking the law. The company has formally asked DOR to justify a regulation rejecting state tax credits the company’s clients have claimed.
A major solar energy financing company says the N.C. Department of Revenue may be breaking the law. The company has formally asked DOR to justify a regulation rejecting state tax credits the company’s clients have claimed.
 
Since 2005, North Carolina has provided over $404 million in subsidies (tax credits and grant payments) to film production companies.
Since 2005, North Carolina has provided over $404 million in subsidies (tax credits and grant payments) to film production companies.
 
Gov. Roy Cooper, an advocate for renewable energy whose family leases land for solar farms, is denying tax credits for solar energy investments.
Gov. Roy Cooper, an advocate for renewable energy whose family leases land for solar farms, is denying tax credits for solar energy investments.
 
Benefit or boondoggle? That’s the billion-dollar question.
Benefit or boondoggle? That’s the billion-dollar question.
 
A bipartisan group of state representatives filed House Bill 751, resurrecting a 25 percent tax credit program.
Published: Friday, May 17th, 2019 @ 5:10 pm By: Carolina Journal
A bipartisan group of state representatives filed House Bill 751, resurrecting a 25 percent tax credit program.
 
Time Magazine’s Aug. 6 special issue focuses on the American South. One of the articles is about Georgia’s film production incentives, entitled “How Georgia Became the Hollywood of the South.”
Time Magazine’s Aug. 6 special issue focuses on the American South. One of the articles is about Georgia’s film production incentives, entitled “How Georgia Became the Hollywood of the South.”
 
North Carolina politicians and policy analysts have been arguing for decades about targeted economic incentives
North Carolina politicians and policy analysts have been arguing for decades about targeted economic incentives
 
The proposed new state budget would not expand the state’s overall film grant program this year
The proposed new state budget would not expand the state’s overall film grant program this year
 
State Rep. Chris Millis says the renewable energy industry hoodwinked North Carolina about the costs of giving special deals to renewable producers, which exploded from an initial projection of less than $5 million to $1.6 billion in payouts through 2016
State Rep. Chris Millis says the renewable energy industry hoodwinked North Carolina about the costs of giving special deals to renewable producers, which exploded from an initial projection of less than $5 million to $1.6 billion in payouts through 2016
 
Democratic Gov. Roy Cooper's selection of Rep. Susi Hamilton as secretary of natural and cultural resources is emblematic of the philosophical contrast between Cooper and the GOP legislative majority, state Rep. Chris Millis said
Democratic Gov. Roy Cooper's selection of Rep. Susi Hamilton as secretary of natural and cultural resources is emblematic of the philosophical contrast between Cooper and the GOP legislative majority, state Rep. Chris Millis said
 
According to a front-page story in today's News & Observer, Deborah Ross frequently touts the votes she took in support of historical preservation tax credits during her career in the legislature.
Published: Wednesday, October 19th, 2016 @ 5:32 am By: jonah
According to a front-page story in today's News & Observer, Deborah Ross frequently touts the votes she took in support of historical preservation tax credits during her career in the legislature.
 
By: jonah
According to a front-page story in today's News & Observer, Deborah Ross frequently touts the votes she took in support of historical preservation tax credits during her career in the legislature.
Published: Wednesday, October 19th, 2016 @ 4:33 am By: jonah
According to a front-page story in today's News & Observer, Deborah Ross frequently touts the votes she took in support of historical preservation tax credits during her career in the legislature.
 
By: jonah
The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors
The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors
 
Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits
Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits
 
State officials, lawmakers, and renewable energy consultants attempted Tuesday to downplay the $937.8 million cost of tax credits sought under the state's new Safe Harbor Act - a total more than five times higher than initial projections.
State officials, lawmakers, and renewable energy consultants attempted Tuesday to downplay the $937.8 million cost of tax credits sought under the state's new Safe Harbor Act - a total more than five times higher than initial projections.
 
State officials, lawmakers, and renewable energy consultants attempted Tuesday to downplay the $937.8 million cost of tax credits sought under the state's new Safe Harbor Act - a total more than five times higher than initial projections.
State officials, lawmakers, and renewable energy consultants attempted Tuesday to downplay the $937.8 million cost of tax credits sought under the state's new Safe Harbor Act - a total more than five times higher than initial projections.
 
The final batch of solar and other renewable energy projects requested under the "safe harbor" law enacted in April by the General Assembly could cost North Carolina taxpayers as much as $937,804,785 in credits, according to aggregated figures released Wednesday by the North Carolina Department...
The final batch of solar and other renewable energy projects requested under the "safe harbor" law enacted in April by the General Assembly could cost North Carolina taxpayers as much as $937,804,785 in credits, according to aggregated figures released Wednesday by the North Carolina Department...
 
Governor Pat McCrory and Department of Natural and Cultural Resources Secretary Susan Kluttz celebrated the preservation of Historic Tax Credits (HTC) in North Carolina at an event in Burlington today. Restoring the HTC was a major element in Governor McCrory's legislative agenda that he detailed...
Governor Pat McCrory and Department of Natural and Cultural Resources Secretary Susan Kluttz celebrated the preservation of Historic Tax Credits (HTC) in North Carolina at an event in Burlington today. Restoring the HTC was a major element in Governor McCrory's legislative agenda that he detailed...
 
This series, entitled "Cut This, Go Home," includes several budget items that should no longer receive taxpayer funding because they fall well outside the legitimate, core functions of government.
This series, entitled "Cut This, Go Home," includes several budget items that should no longer receive taxpayer funding because they fall well outside the legitimate, core functions of government.
 
An environmental group lauding North Carolina for ranking No. 4 nationally in solar energy capacity agrees with foes of renewable energy mandates — the state's purported boom in clean energy mostly results from the government forcing utilities to purchase the higher-cost energy, along with...
An environmental group lauding North Carolina for ranking No. 4 nationally in solar energy capacity agrees with foes of renewable energy mandates — the state's purported boom in clean energy mostly results from the government forcing utilities to purchase the higher-cost energy, along with...
 
In 2005, the North Carolina General Assembly established a 35 percent credit for investing in renewable energy. This credit was slated to sunset at the end of 2010. By 2010-11, the Tax Research Division of the Department of Revenue estimated, the credits taken would cost the state $5.65 million...
In 2005, the North Carolina General Assembly established a 35 percent credit for investing in renewable energy. This credit was slated to sunset at the end of 2010. By 2010-11, the Tax Research Division of the Department of Revenue estimated, the credits taken would cost the state $5.65 million...
 
Two of the co-founders of Cary-based software company SAS Institute Inc. - James H. Goodnight and John P. Sall - appear to have collected tax credits totaling more than $3 million from the state's renewable energy program even as their company is pushing state political leaders to maintain tax subsi
Two of the co-founders of Cary-based software company SAS Institute Inc. - James H. Goodnight and John P. Sall - appear to have collected tax credits totaling more than $3 million from the state's renewable energy program even as their company is pushing state political leaders to maintain tax subsi
 
While Duke Energy is passing higher costs to ratepayers because state law forces it to purchase renewable energy, the utility also claimed a whopping $62.8 million in tax write-offs in 2014 for its own investments in green power projects.
While Duke Energy is passing higher costs to ratepayers because state law forces it to purchase renewable energy, the utility also claimed a whopping $62.8 million in tax write-offs in 2014 for its own investments in green power projects.
 
The General Fund budget proposal released Monday by GOP state House leaders for the two-year budget cycle starting July 1 would increase spending by nearly $1 billion more than the increase recommended in March by Gov. Pat McCrory, a fellow Republican.
The General Fund budget proposal released Monday by GOP state House leaders for the two-year budget cycle starting July 1 would increase spending by nearly $1 billion more than the increase recommended in March by Gov. Pat McCrory, a fellow Republican.
 
As I write this, what is turning out to possibly be the most powerful crony special interest in North Carolina is fighting to keep part of its welfare money flowing. A regulatory reform bill that reduces the amount of super expensive solar energy that North Carolina electricity users are...
As I write this, what is turning out to possibly be the most powerful crony special interest in North Carolina is fighting to keep part of its welfare money flowing. A regulatory reform bill that reduces the amount of super expensive solar energy that North Carolina electricity users are...
 
Governor Pat McCrory and Cultural Resources Secretary Susan Kluttz recently continued their tour throughout North Carolina to highlight the successful efforts to revitalize urban downtowns, main streets and rural communities through the historic tax credit program. As the tour continues across...
Governor Pat McCrory and Cultural Resources Secretary Susan Kluttz recently continued their tour throughout North Carolina to highlight the successful efforts to revitalize urban downtowns, main streets and rural communities through the historic tax credit program. As the tour continues across...
 
Gov. Pat McCrory called on lawmakers to honor a promise to increase starting teacher salaries to $35,000 and included salary boosts for state troopers and corrections officers Thursday as he unveiled his $21.5 billion General Fund budget for the 2015-16 fiscal year.
Gov. Pat McCrory called on lawmakers to honor a promise to increase starting teacher salaries to $35,000 and included salary boosts for state troopers and corrections officers Thursday as he unveiled his $21.5 billion General Fund budget for the 2015-16 fiscal year.
 
The question of whether our state government ought to subsidize historic preservation is distinguishable from the question of how government should deliver those subsidies. Unfortunately, these two issues have been lumped together by lawmakers when discussing the recent sunset of the historic...
The question of whether our state government ought to subsidize historic preservation is distinguishable from the question of how government should deliver those subsidies. Unfortunately, these two issues have been lumped together by lawmakers when discussing the recent sunset of the historic...
 
North Carolina lawmakers made the right decision when they ended state historic preservation tax credits. Those who support government involvement in preservation efforts should look at local grant programs instead.
North Carolina lawmakers made the right decision when they ended state historic preservation tax credits. Those who support government involvement in preservation efforts should look at local grant programs instead.
 

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