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Credits and Incentives
There is tremendous opportunity for state and local tax incentives and credits as companies continue to grow, change the structure of their business operations, or relocate their facilities. State and local tax incentives and credits can help reduce investment costs, avoid payment of unnecessary tax, obtain immediate tax refunds, and enhance economic value of company initiatives.
HORNE LLP assists companies in identifying credit and incentive opportunities, including:
Expanding or Relocation - When deciding where to locate a business, HORNE identifies the benefits or disadvantages in state and local tax jurisdictions.
Investment in Equipment - HORNE identifies potential savings or credits related to investing in new equipment or upgrades. For new equipment or upgrades, states may provide credits on income/franchise tax return or exemptions from sale and use tax on purchases for the expense incurred. However, each situation is different, so the applicable facts determine the benefit.
New Hire Job Credit and Training - Tax credits are available for hiring employees or training in certain industries or geographical location. HORNE works to assist companies to achieve the benefits related to their situation.
State Film Credits - HORNE guides companies through the various compliance requirements as each state's provisions can be unique.
For more information on HORNE's credit and incentive services, contact State & Local Tax Director David Stevens at 601.326.1032 or email him at david.stevens@horne-llp.com to learn more.
