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State Tax Credits News Briefs - April 2013

New Jersey Gov. Chris Christie conditionally vetoed General Assembly Bill No. 3206. The bill would have increased the total amount given to the Neighborhood Revitalization State Tax Credit program from $10 million to $15 million and allowed gross income taxpayers who have income attributable to a business to participate in the tax credit program. In his conditional veto, Christie said that he supported including gross income taxpayers, but could not support increasing the $10 million tax credit limit. A copy of A-3206 can be found at


Alaska Rep. Bill Stoltze, co-chair of the House of Finance Committee, with co-sponsor Mark Neuman, proposed bill H.B. 112, to repeal the state’s film production tax credit. Although the legislature passed S.B. 23 in 2012 to extend the program through 2023, Stoltze proposed to provide for an effective date by repealing the effective dates found in S.B. 23. While a legislative audit report released last year found Alaska’s film tax-credit program had a positive economic impact, it also found that the program does not pay for itself. The Alaska Film Production Incentive Program is an economic development initiative, and currently, the bill provides an additional $200 million in tax credits. Present program provisions remain in effect through June 30, 2013.


Indiana Rep. Ed Clere presented H.B. 1318 to the state’s general assembly. The bill, if passed, will transfer administration of the Historic Rehabilitation Tax Credit (HRTC) from the Division of Historic Preservation and Archeology of the Department of Natural Resources (DHPA), to the Office of Community and Rural Affairs (OCRA). The bill will also provide that the HRTC applies to the preservation or rehabilitation of historic properties that have been vacant for at least one year, establish four new methodologies for determining the amount of tax credit awarded, phase in increases to the annual statewide cap on the tax credit until the cap is $10 million void a rule providing that the maximum amount of tax credits for a particular project is $100,000, and prohibit OCRA from reallocating available tax credits from year to year. The bill would go into effect July 1, 2013.


Oregon’s Senate Rural Communities and Economic Development Committee unanimously sent Senate Bill 323 with a do-pass recommendation to the joint Tax Credit Committee after recognizing strong support for the bill. S.B. 323 extends the state’s farmworker housing tax credit to 2020. Without an extension, the credit would have expired at the end of this year. Agricultural employers generally apply the credit to their state income tax liability, and farmers, farmworkers and their representatives said the credit is vital to attracting and keeping farmworkers in Oregon.


The Ohio Tax Credit Authority approved a 45 percent tax credit for Ferguson, a distributor of plumbing supplies and pipe, valves and fittings, for a 400,000-square-foot facility in Celina, Ohio. The company is the third largest distributor of heating and cooling equipment, and the second largest company within the waterworks industry. Under the program rules, Ferguson must create a $1.7 million annual payroll within three years and must maintain operations at the new site in for at least 11 years. The company has not announced a timeline for this project.


Legislation was introduced in the West Virginia Senate that would amend and reenact sections of the Code of West Virginia, 1931, and how it relates to the Military Incentive Program. The bill proposes to give businesses a $900 tax credit for each economically disadvantaged veteran that they hire. The bill would also amend the definition of “veteran” to include all who were a member of the armed forces at one time. Current law states that businesses are eligible for tax credits only for hiring veterans of the Vietnam and Korean Wars.

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State Tax Credits



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