There's all kinds of incentives out there for business in just about every state and in many local jurisdictions. In fact, according to CCH, there are over 8,000 distinct state and federal tax incentive zones that can generate hiring tax credits ranging from $500 to $12,000 per employee, equipment credits of 10% or more, favorable financing and/or partial to full exemption on tax gains upon disposition.

These tax breaks can amount to tens of thousands to millions of dollars. They can fully shelter the annual tax obligations of certain businesses, and if a business owner has failed to claim these benefits in past years, it is often possible to obtain tax refunds for 3 years or more by documenting the credits via amended returns.

There are sales and use tax credits, rebates and exemptions, property, income and franchise tax credits available. There are also hiring credits and investment credits available. And it's more than just state and local tax savings. We can also identify federal incentives and non-tax incentives as well. Do you know about the opportunities that exist in Federal Empowerment Zones, Indian Tribal Lands, Renewal Communities and Gulf Opportunity Zones? What about what the opportunities are in the states. There are some states that are "pre-qualification states" and "non-pre-qualification states" meaning in some cases you have to have applied for a benefit before you qualify in some states, whereas in others, no prequalification is required. Do you know if your locations qualify for "Municipal Redevelopment Area" benefits?

It turns out that only 10% to 50% of these benefits are ever claimed.

FREE Credit & Incentive Report

As a service to our clients and newsletter subscribers, we are offering to give you a FREE analysis of credits and incentives (C&I) available to you in your top jurisdictions.

The C&I report contains the following information:

• All Federal, State & Local incentives by address of location or employee

• Detailed instructions for each program for you to complete on your own or we can help you

To receive your free report, please complete the form below:

Credits & Incentives Report Request