Bloomberg Tax & Accounting has released its new Credits and Incentives: Multistate Considerations and Planning, a new Tax Management Portfolio that provides a detailed overview of the full range of state and federal tax credits and incentives. The Portfolio, which was authored by Mark Nachbar, Chris Potter, and Joe Stachnik of Ryan, is currently available on the Bloomberg Tax platform for subscribers.
The new Portfolio analyzes active credits and common credit attributes and mechanics, while also going beyond tax credits to non-credit and even non-tax incentives that states and the federal government use to encourage investment and influence public behavior. The treatise also focuses on how states approach incentive policy and examines several common areas in which states focus their incentive activity, such as job creation, education funding, and business investment. The authors also delve into tax policy issues including the efficacy of incentives, the factors determining whether incentives increase a state’s economic competitiveness, and the costs of offering incentive packages.
“As states are increasingly using incentives to attract and retain businesses, corporate tax professionals and their advisers need a firm understanding of the factors that companies need to take into account when planning to relocate, expand, and invest,” said Christine Boeckel, Director of State Tax Analysis & Content, Bloomberg Tax & Accounting. “The team from Ryan has done an incredible job developing a treatise that will provide tax professionals a more complete understanding of tax credits and incentives. This intelligence will help corporations determine whether to take advantage of tax credits and incentives, and just as importantly, how to go about doing so.”
The authors will be sharing the latest developments related to state tax credits and incentives—including current trends such as increased transparency and compliance requirements—on a complimentary Webinar, The Everchanging Landscape of State Tax Credits and Incentives, taking place Tuesday, March 10 at 2:00 p.m. Eastern Time. They will be joined by State Tax Practice Lead Emilie Burnette and State Tax Analyst Kevin Thayer of Bloomberg Tax & Accounting. For more information and to register, visit http://onb-tax.com/FDof50yyJ3G.