Housing and Development Incentives News
The latest trends, news and insights on TIFs, tax credits and other housing and development incentives.
Credits for Bitcoin, Remote Work? In Midnight Scramble, $650 Million in Incentives Land on Kentucky Gov’s Desk
Scrambling before a two-week recess, Kentucky lawmakers cobbled together a package of credits and incentives that could be worth roughly $650 million to qualifying businesses, although the exact price tag is uncertain. The incentives included in the bills run the...
Mississippi Bill Would Add Perks, Transparency to Incentives Program
A bill making its way through the Mississippi legislature would re-structure the state's credits and incentives program for businesses. Among the changes: businesses would receive credits based on jobs created, not promised; and any business qualifying for the program...
Loophole or Incentive? IL Gov Aims to Cut $1B in Credits to Balance Budget
In a bid to balance Illinois' budget, Gov. J.B. Pritzker has proposed scrapping nine items in the corporate tax code. The 9 items -- which are either corporate loopholes or vital incentives, depending on who you ask -- would save the state almost $1 billion annually....
California’s Revamped Tax Credit Program Lures Hollywood Away From L.A.
Hollywood has always been the hub for the film industry; but California revamped its tax credit program to lure film production to other parts of the state. It appears to have worked. Of the 22 films qualifying for the state's tax credit program, 16 of them will film...
RV Maker’s Indiana Expansion Could Reap $11 Million in Incentives
Indiana manufactures 80 percent of RVs sold in the US, and the number is about to go up. Alliance Recreational Vehicles, a luxury RV manufacturer, is planning a huge expansion in Northern Indiana, building another 120,000 square feet of office facilities and hiring...
Boise Airport Sweetens Deal For Airlines, Will Cover Marketing Costs
Boise rolled out a menu of incentives this week in a bid to lure more airlines, and more destinations, to the Boise airport. The incentives program has been around since 2013, but this week the Boise City Council approved a revamped version, offering to cover...
Missouri Bill Aims to Tempt Hollywood Back to State
Missouri lawmakers are trying to re-up tax credits for film projects in a bid to lure Hollywood back to the state. The tax credits lapsed in 2013; since then, several movies and TV shows set in Missouri -- Ozark, Sharp Objects, and others -- have filmed elsewhere....
Bipartisan Bill Boosts Incentives for Hotels, Tourists
U.S. lawmakers from both parties have signed on to a bill that would give tax credits to families who travel in 2021, and create tax incentives for downtrodden business sectors like hospitality, trade shows and restaurants. The bill is sponsored by a bipartisan group...
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