The Office of the Comptroller of the Currency released January Community Reinvestment Act performance evaluations Feb. 1. The list of 48 evaluations contained national banks, federal savings associations and insured federal branches of foreign banks. A total of 37 rated as satisfactory and 11 rated as outstanding.
The Greater Cleveland Partnership (GCP) released its nonpartisan 2019-2020 Public Policy Agenda Feb. 1. The document is a guide that outlines the top policy priorities of its members for the next two years. This includes the call to create a statewide opportunity zones (OZ) incentive to complement the federal incentive in underserved communities. The mission of the GCP is to mobilize private-sector leadership, expertise and resources to create attractive business conditions that create jobs, grow investment and improve economic prosperity in the region.
The Utah Governor’s Office of Economic Development amended and made effective Dec. 24, 2018, Utah Administrative Rules Sections R357-15-1 through R357-15-6 for the Utah Enterprise Zone Tax Credit. Changes include providing definitions for software, qualified-business-use vehicle, payment documentation and purchase documentation. In addition, required documentation to qualify for the private capital investment tax credit is expanded. Changes clarify that the administrator may deny a tax credit for the trade-in allowance of a vehicle, certain software purchases, applications older than three years and fixed assets purchased from another entity with the same ownership.
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