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Results found for tax incentives

 

So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
So far this year, Gov. Cooper has pledged over $930.7 million in tax incentives to just 22 corporations, including $845.8 million over four decades to Apple
 
Over the weekend, a reporter asked me to comment on Senate Bill 493.
Over the weekend, a reporter asked me to comment on Senate Bill 493.
 
Credit to Gov. Roy Cooper for finding a way to finagle what should fundamentally be an issue about fairness for his advantage.
Credit to Gov. Roy Cooper for finding a way to finagle what should fundamentally be an issue about fairness for his advantage.
 
North Carolina taxpayers are paying Merck, the $210 billion dollar pharmaceutical company that produces Viagra, among other drugs, some $12.5 million in tax incentives to build in Durham.
North Carolina taxpayers are paying Merck, the $210 billion dollar pharmaceutical company that produces Viagra, among other drugs, some $12.5 million in tax incentives to build in Durham.
 
The economic costs of corporate tax incentives outweigh their benefits, a new study by N.C. State University researchers says.
The economic costs of corporate tax incentives outweigh their benefits, a new study by N.C. State University researchers says.
 
No big announcement. No contentious public meetings. No press conference. But most important — no economic incentives.
Published: Friday, May 17th, 2019 @ 4:53 pm By: Carolina Journal
No big announcement. No contentious public meetings. No press conference. But most important — no economic incentives.
 
States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
States and municipalities courting of large corporations such as Amazon and Apple has brought the folly of economic development tax incentives into the public awareness
 
Was Apple's choice of Austin, Texas, over the Research Triangle for its new, $1 billion campus a win or a loss for North Carolina
Was Apple's choice of Austin, Texas, over the Research Triangle for its new, $1 billion campus a win or a loss for North Carolina
 
Senate Bill 820, which skyrockets tax incentives for “big boys with deep pockets,” rampaged through the North Carolina General Assembly last week like a General Patton simile
Senate Bill 820, which skyrockets tax incentives for “big boys with deep pockets,” rampaged through the North Carolina General Assembly last week like a General Patton simile
 
It's a safe bet that state Rep. Jonathan Jordan agrees with Republican colleagues Bill Brawley, Susan Martin, and Scott Stone much more often than he agrees with Alexandria Ocasio-Cortez, the incoming New York congresswoman and newly elevated champion of the political left
It's a safe bet that state Rep. Jonathan Jordan agrees with Republican colleagues Bill Brawley, Susan Martin, and Scott Stone much more often than he agrees with Alexandria Ocasio-Cortez, the incoming New York congresswoman and newly elevated champion of the political left
 
When are special interest subsidies not just special interest subsidies?
When are special interest subsidies not just special interest subsidies?
 
Carolina Journal reports that while the 2020 Republican National Convention in Charlotte would gain international attention and could boost the city's profile in intangible ways, it's unlikely it would "provide a major economic boost to the city."
Carolina Journal reports that while the 2020 Republican National Convention in Charlotte would gain international attention and could boost the city's profile in intangible ways, it's unlikely it would "provide a major economic boost to the city."
 
Imagine you are a middle school student called on stage in front of 75 of your friends and peers
Imagine you are a middle school student called on stage in front of 75 of your friends and peers
 
Try as I might, I can't see the wisdom behind this proposed "transformative" projects expansion. I can't. It's terrible
Try as I might, I can't see the wisdom behind this proposed "transformative" projects expansion. I can't. It's terrible
 
Legislative leaders will boost tax-paid subsidies available in the $23.9 billion 2018-19 budget proposal to induce multibillion-dollar corporations to locate in the state
Legislative leaders will boost tax-paid subsidies available in the $23.9 billion 2018-19 budget proposal to induce multibillion-dollar corporations to locate in the state
 
Gov. Roy Cooper has a history of publicly denouncing “corporate tax giveaways.” Indeed, last year he offered up this question: “Are we going to invest in education and our people, or are we going to continue with further corporate tax giveaways?”
Gov. Roy Cooper has a history of publicly denouncing “corporate tax giveaways.” Indeed, last year he offered up this question: “Are we going to invest in education and our people, or are we going to continue with further corporate tax giveaways?”
 
Earlier this month Amazon announced it was looking for a second headquarters in North America
Earlier this month Amazon announced it was looking for a second headquarters in North America
 
The current political spat between North Carolina’s governor and legislature has produced plenty of heated rhetoric
The current political spat between North Carolina’s governor and legislature has produced plenty of heated rhetoric
 
Gov. Roy Cooper’s proposal to try to lure the film industry to make movies, TV shows, and commercials in North Carolina by returning to an abandoned tax incentives program is meeting resistance
Gov. Roy Cooper’s proposal to try to lure the film industry to make movies, TV shows, and commercials in North Carolina by returning to an abandoned tax incentives program is meeting resistance
 
Two leading legislative critics of tax incentives to the renewable energy industry have not taken issue with an unusual new program used by Duke Energy Progress allowing high-consumption electricity customers using traditional energy to claim their plants are powered by renewable sources
Two leading legislative critics of tax incentives to the renewable energy industry have not taken issue with an unusual new program used by Duke Energy Progress allowing high-consumption electricity customers using traditional energy to claim their plants are powered by renewable sources
 
Saying the current plan is antiquated, a legislative agency on Monday recommended that the state scrap its three-tiered system for awarding economic development grants.
Saying the current plan is antiquated, a legislative agency on Monday recommended that the state scrap its three-tiered system for awarding economic development grants.
 
In an article from WRAL.com lamenting the fact that economic development grants made by the state of North Carolina did not "create" as many jobs as originally intended, John Skvarla, North Carolina's Commerce Secretary and number 1 cheerleader for taxpayer funded business incentives, stated that...
In an article from WRAL.com lamenting the fact that economic development grants made by the state of North Carolina did not "create" as many jobs as originally intended, John Skvarla, North Carolina's Commerce Secretary and number 1 cheerleader for taxpayer funded business incentives, stated that...
 
Despite earlier claims by Iberdrola Renewables officials that the $400 million, 300-megawatt Amazon Wind Farm that will cover 22 acres near Elizabeth City would be built totally from company funds, another Iberdrola official says the project requires some tax incentives to be viable economically.
Despite earlier claims by Iberdrola Renewables officials that the $400 million, 300-megawatt Amazon Wind Farm that will cover 22 acres near Elizabeth City would be built totally from company funds, another Iberdrola official says the project requires some tax incentives to be viable economically.
 
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...
 
North Carolina lawmakers would harm, not help, the state's economic growth if they extend and expand corporate tax incentive programs.
North Carolina lawmakers would harm, not help, the state's economic growth if they extend and expand corporate tax incentive programs.
 
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
 
The editors of The Fayetteville Observer are interested in the film industry and with storytelling in general. An example of the latter came to my attention recently.
The editors of The Fayetteville Observer are interested in the film industry and with storytelling in general. An example of the latter came to my attention recently.
 
Republicans have been quick to claim their tax reform agenda eliminated many unfair tax loopholes and carve-outs for special interests in North Carolina, but there are strong signals that tax-fueled incentives could return in the upcoming session.
Republicans have been quick to claim their tax reform agenda eliminated many unfair tax loopholes and carve-outs for special interests in North Carolina, but there are strong signals that tax-fueled incentives could return in the upcoming session.
 
North Carolina's film tax incentives program has changed significantly. Formerly a refundable tax credit of 25 percent of qualifying production expenses capped at $20 million per production, the program now is a $10 million grant program.
North Carolina's film tax incentives program has changed significantly. Formerly a refundable tax credit of 25 percent of qualifying production expenses capped at $20 million per production, the program now is a $10 million grant program.
 
Except when complaining that North Carolina isn't giving enough targeted tax incentives to Hollywood studios, solar-panel manufacturers, and commercial real-estate developers, liberals contend that cutting taxes on business has no effect on business starts, corporate relocation, or job creation.
Except when complaining that North Carolina isn't giving enough targeted tax incentives to Hollywood studios, solar-panel manufacturers, and commercial real-estate developers, liberals contend that cutting taxes on business has no effect on business starts, corporate relocation, or job creation.
 
The small businesses already would be qualified for the 39 percent tax credit, spread out over seven years, on their investments.
The small businesses already would be qualified for the 39 percent tax credit, spread out over seven years, on their investments.
 
Those of us who consider ourselves moderates are following our state's current events with interest and no small measure of amusement.
Those of us who consider ourselves moderates are following our state's current events with interest and no small measure of amusement.
 
In Raleigh, the McCrory Department of Commerce is doing quite a bit of cheerleading for special taxpayer-provided incentives to lure business to North Carolina.
Published: Monday, May 26th, 2014 @ 8:16 am By: Brant Clifton
In Raleigh, the McCrory Department of Commerce is doing quite a bit of cheerleading for special taxpayer-provided incentives to lure business to North Carolina.
 
A presentation prepared by the N.C. Commerce Department's Labor and Economic Analysis Division finds a net "negative budgetary impact" of North Carolina's film incentives.
A presentation prepared by the N.C. Commerce Department's Labor and Economic Analysis Division finds a net "negative budgetary impact" of North Carolina's film incentives.
 
North Carolina's film tax credits are currently slated to expire at the close of 2014. Accuracy requires use of the word "currently" to underscore the fluidity of the situation.
North Carolina's film tax credits are currently slated to expire at the close of 2014. Accuracy requires use of the word "currently" to underscore the fluidity of the situation.
 
"The power to tax is the power to destroy." That is an oft-repeated paraphrase of a quote from former U.S. Chief Justice John Marshall in an 1819 court decision. Indeed taxes do destroy: incentives, productivity, businesses, and opportunity.
"The power to tax is the power to destroy." That is an oft-repeated paraphrase of a quote from former U.S. Chief Justice John Marshall in an 1819 court decision. Indeed taxes do destroy: incentives, productivity, businesses, and opportunity.
 
North Carolina's corporate income tax violates basic principles of sound economic policy and open government.
North Carolina's corporate income tax violates basic principles of sound economic policy and open government.
 
Less than a month after North Carolina legislators approved more money for the state's film tax incentives program, a new John Locke Foundation Spotlight Report pans film incentives as a clear example of cronyism.
Less than a month after North Carolina legislators approved more money for the state's film tax incentives program, a new John Locke Foundation Spotlight Report pans film incentives as a clear example of cronyism.
 
efore states began film tax incentives programs, North Carolina was a popular off-Hollywood destination for film crews.
efore states began film tax incentives programs, North Carolina was a popular off-Hollywood destination for film crews.
 

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