With
Richard Call,
Joanna Troy
The Massachusetts Department of Revenue (Department) is widely promoting a new amnesty program with significant taxpayer benefits.
With
Kathleen Quinn,
Joanna Troy
Businesses that wish to take advantage of the grant conversion must elect to convert the grant into a tax credit by July 11, 2016.
With
Richard Call,
Joanna Troy
Northeastern University, the Trustees of Boston University, Wellesley College and 131 Willow Avenue, LLC prevailed in their appeal of the Massachusetts Department of Revenue's rejection of their Brownfields tax credit applications in Massachusetts Superior Court.
With
Richard Call,
Joanna Troy
We think this Program will be particularly helpful to public companies in resolving issues related to their financial statement reserves.
With
Richard Call,
Nick Furtwengler
In June of 2015, Connecticut passed legislation that implements combined reporting for tax years beginning on or after January 1, 2016.
With
Stephen Kranz,
Lindsay LaCava,
Mary Kay McCalla Martire
In a question of first impression for Illinois, on May 12, 2015, Judge Schmidt of the Circuit Court of Sangamon County granted a summary judgment for the Illinois Department of Revenue, holding that the proper test for corporate income tax nexus is whether a "significant economic presence" exists in Illinois.
With
Matthew Boch,
Eric Carstens
Earlier this month, the Governmental Accounting Standards Board (GASB) approved Statement No. 77, Tax Abatement Disclosures, which requires state and local governments to report on foregone revenue from tax abatement agreements.
With
Matthew Boch
State brownfield tax credit programs encourage remediation of contaminated property that might otherwise remain abandoned.
With
Richard Call,
Joanna Troy
The Massachusetts Department of Revenue (DOR) likely will have significantly less employees starting July 1, 2015, due to a Massachusetts employee retirement incentive program.
With
Matthew Boch
Illinois EDGE credits are discretionary income tax credits awarded by the Illinois Department of Commerce and Economic Opportunity (DCEO).
With
Richard Call,
Joanna Troy
In a unique case, the Massachusetts Appeals Court affirmed a ruling of the Appellate Tax Board that two corporations could not be combined for corporation excise tax purposes for 1996 through 2004.
With
Matthew Boch
Sometimes a retrospective clawback is required by law and must be accepted as a condition to the award, but in other instances it may be negotiable.
With
Steven Baddour,
Daniel Connelly
During the rollout of his fiscal year 2016 budget proposal, Massachusetts Governor Charlie Baker proposed to repeal the state’s film tax credit in 2017.
With
Matthew Boch
Once an incentive agreement is in place, it is time for the company to get to work building and staffing the new or expanded facility.
With
Matthew Boch
The application cycle for up to $750 million in New York economic development incentives is due soon.
