Posts Tagged ‘eco tax credits’

CA Governator Proposes Sales Tax Exemption and Job Growth For Green Tech Industry

Tuesday, January 19th, 2010

http:ax//www.contracostatimes.com/california/ci_14217759?nclick_check=1

In order to jump-start job growth while incentivizing green tech investment, Governor Schwarzenegger announced a five-prong approach for revitalizing the California economic climate.

The two main components include:

1) a state sales tax exemption for investing in green technology equipment, and

2) an allocation of $500 million from the State Unemployment Compensation Disability Fund to train 140,000 residence and thereby “save or create” 100,000 jobs.

The green tech sales tax exemption is an excellent structure vs. an income tax credit – since the exemption produces an immediate cash-flow benefit whether the taxpayer is profitable or not. 

As an international leader in adopting green technologies, the Governor is attempting to build a more sustainable legislative policy to ensure that struggling businesses are able to cost-justify the more expensive green technologies.

Many tech businesses have established operations in one of the state’s 42 Enterprise Zones to take advantage of existing equipment tax credits for green equipment, technology purchases, as well as core manufacturing/ processing and R&D investment. 

EZ Tax Credits  http://www.blakechristian.com/hiring_tax_credits.html

Eco-Benefits  http://www.blakechristian.com/green_tax_incentives.html

2009 Stimulus Plan Filled With Eco/ Energy Tax Incentives

Sunday, March 22nd, 2009

One of the centerpieces of the 2009 American Recovery and Reinvestment Act of 2009 (Stimulus Bill) involves a variety of energy tax incentives and alternative fuels funding provisions focused on reducing America’s  dependency on carbon-based energy.

The energy related tax provisions total approximately $20 billion of tax incentives and the energy funding provisions represent approximately $45 billion of the spending provisions.

Attached are articles summarizing the variety of new and existing tax credits and other incentives available for businesses and individuals for 2008 and later years.

 

March AICPA Corporate Taxation Insider Newsletter:

http://www.cpa2biz.com/content/media/PRODUCER_CONTENT/Newsletters/Articles_2009/CorpTax/GoingGreener.jsp

 

 

Download AICPA March Corporate Taxation Insider Newsletter 3 16 09

PDF Version

 

Download Reduce Emissions article 12.2007  CA EZ Program Can Offset Regulatory Costs

 

Additional tax and economic articles can be accessed below and in the "Library" section of this site.