State Tax Credits & Incentives II

Date

The Texas Tax Credit for Clean Energy provides a franchise tax credit for up to 3 clean energy products. The credit cannot be issued before the later of September 1, 2018 or the expiration of an agreement under Chapter 313 of the Texas Economic Development Act regarding the clean energy project for which the credit is issued.

A Maryland health enterprise zone practitioner may claim a hiring tax credit against the 2013 income tax equal to the number of qualified employees certified by the Maryland Department of Health and Mental Hygiene multiplied by $5,000. The credit is available only with an electronically filed return for those practitioners located within a health enterprise zone (Form 500CR section of the return must be completed) along with the certification.

Between January 1, 2014 and December 31, 2016, the New York Open Industrial Uses Sales Tax Exemption provides businesses with up to $100,000 for the purchase of building materials to renovate and improve unenclosed industrial materials storage facilities in order to implement cost-effective pollution prevention controls and to create stronger safeguards for hazardous materials in the city’s flood zones. Renovations may include improvements to control environmental emissions at open industrial facilities such as paving, grading, containment walls, storm water management systems, and flood-resilient construction. Qualified businesses must obtain a sales tax letter prior to making any eligible program expenditures and must commence improvements within 1 year of receipt of sales tax letter, which will expire no later than 3 years from the date of issuance.

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