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77 Results found for tax credit

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The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors
The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors
 
Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits
Like a recovering addict on the verge of a major binge, some North Carolina lawmakers are on the brink of falling back into the black hole of tax credits
 
State officials, lawmakers, and renewable energy consultants attempted Tuesday to downplay the $937.8 million cost of tax credits sought under the state's new Safe Harbor Act - a total more than five times higher than initial projections.
State officials, lawmakers, and renewable energy consultants attempted Tuesday to downplay the $937.8 million cost of tax credits sought under the state's new Safe Harbor Act - a total more than five times higher than initial projections.
 
For decades, energy costs have been manipulated by state government subsidies. Just like other subsidies, whether for the film industry, automobile manufacturers, or even specific companies, special treatments transfer the tax burden from the recipients of the subsidies to others, creating unfair...
For decades, energy costs have been manipulated by state government subsidies. Just like other subsidies, whether for the film industry, automobile manufacturers, or even specific companies, special treatments transfer the tax burden from the recipients of the subsidies to others, creating unfair...
 
The final batch of solar and other renewable energy projects requested under the "safe harbor" law enacted in April by the General Assembly could cost North Carolina taxpayers as much as $937,804,785 in credits, according to aggregated figures released Wednesday by the North Carolina Department...
The final batch of solar and other renewable energy projects requested under the "safe harbor" law enacted in April by the General Assembly could cost North Carolina taxpayers as much as $937,804,785 in credits, according to aggregated figures released Wednesday by the North Carolina Department...
 
Governor Pat McCrory and Department of Natural and Cultural Resources Secretary Susan Kluttz celebrated the preservation of Historic Tax Credits (HTC) in North Carolina at an event in Burlington today. Restoring the HTC was a major element in Governor McCrory's legislative agenda that he detailed...
Governor Pat McCrory and Department of Natural and Cultural Resources Secretary Susan Kluttz celebrated the preservation of Historic Tax Credits (HTC) in North Carolina at an event in Burlington today. Restoring the HTC was a major element in Governor McCrory's legislative agenda that he detailed...
 
This series, entitled "Cut This, Go Home," includes several budget items that should no longer receive taxpayer funding because they fall well outside the legitimate, core functions of government.
This series, entitled "Cut This, Go Home," includes several budget items that should no longer receive taxpayer funding because they fall well outside the legitimate, core functions of government.
 
An interesting item suddenly appeared this week in the N.C. Senate farm bill. This item made its appearance a few short days after the new state budget was finally approved. Among other things, the new budget ended North Carolina's longtime, exceedingly generous 35 percent investment tax credit...
An interesting item suddenly appeared this week in the N.C. Senate farm bill. This item made its appearance a few short days after the new state budget was finally approved. Among other things, the new budget ended North Carolina's longtime, exceedingly generous 35 percent investment tax credit...
 
An environmental group lauding North Carolina for ranking No. 4 nationally in solar energy capacity agrees with foes of renewable energy mandates — the state's purported boom in clean energy mostly results from the government forcing utilities to purchase the higher-cost energy, along with...
An environmental group lauding North Carolina for ranking No. 4 nationally in solar energy capacity agrees with foes of renewable energy mandates — the state's purported boom in clean energy mostly results from the government forcing utilities to purchase the higher-cost energy, along with...
 
Former Florida Gov. and Republican presidential candidate Jeb Bush on Wednesday outlined his economic plan, a proposal he said would lift the economy out of the post-recession "new normal" and "lift up everybody."
Former Florida Gov. and Republican presidential candidate Jeb Bush on Wednesday outlined his economic plan, a proposal he said would lift the economy out of the post-recession "new normal" and "lift up everybody."
 
North Carolina taxpayers are about to get stuck with a big bill - if the General Assembly continues the state's "Renewable Energy Portfolio Standard" (REPS) and renewable energy tax credit policies.
North Carolina taxpayers are about to get stuck with a big bill - if the General Assembly continues the state's "Renewable Energy Portfolio Standard" (REPS) and renewable energy tax credit policies.
 
While Duke Energy is passing higher costs to ratepayers because state law forces it to purchase renewable energy, the utility also claimed a whopping $62.8 million in tax write-offs in 2014 for its own investments in green power projects.
While Duke Energy is passing higher costs to ratepayers because state law forces it to purchase renewable energy, the utility also claimed a whopping $62.8 million in tax write-offs in 2014 for its own investments in green power projects.
 
The General Fund budget proposal released Monday by GOP state House leaders for the two-year budget cycle starting July 1 would increase spending by nearly $1 billion more than the increase recommended in March by Gov. Pat McCrory, a fellow Republican.
The General Fund budget proposal released Monday by GOP state House leaders for the two-year budget cycle starting July 1 would increase spending by nearly $1 billion more than the increase recommended in March by Gov. Pat McCrory, a fellow Republican.
 
Raleigh, N.C. - Governor Pat McCrory took action on Senate Bill 372 today, which extends the tax credit for renewable energy projects in the state.
Raleigh, N.C. - Governor Pat McCrory took action on Senate Bill 372 today, which extends the tax credit for renewable energy projects in the state.
 
The House on Tuesday approved a Senate bill that would extend the state's 35 percent renewable energy tax credit - set to expire at the end of 2015 - by one year to allow several major solar farms to hook up to the power grid. Over five years, the solar companies could collect as much as...
The House on Tuesday approved a Senate bill that would extend the state's 35 percent renewable energy tax credit - set to expire at the end of 2015 - by one year to allow several major solar farms to hook up to the power grid. Over five years, the solar companies could collect as much as...
 
The Senate Finance Committee on April 2 approved a bill with bipartisan support to extend by one year eligibility for the state's 35 percent renewable energy tax credit. The legislation is intended to provide "a soft landing " to large solar projects already in the regulatory approval and...
The Senate Finance Committee on April 2 approved a bill with bipartisan support to extend by one year eligibility for the state's 35 percent renewable energy tax credit. The legislation is intended to provide "a soft landing " to large solar projects already in the regulatory approval and...
 
Governor Pat McCrory and Cultural Resources Secretary Susan Kluttz recently continued their tour throughout North Carolina to highlight the successful efforts to revitalize urban downtowns, main streets and rural communities through the historic tax credit program. As the tour continues across...
Governor Pat McCrory and Cultural Resources Secretary Susan Kluttz recently continued their tour throughout North Carolina to highlight the successful efforts to revitalize urban downtowns, main streets and rural communities through the historic tax credit program. As the tour continues across...
 
Gov. Pat McCrory called on lawmakers to honor a promise to increase starting teacher salaries to $35,000 and included salary boosts for state troopers and corrections officers Thursday as he unveiled his $21.5 billion General Fund budget for the 2015-16 fiscal year.
Gov. Pat McCrory called on lawmakers to honor a promise to increase starting teacher salaries to $35,000 and included salary boosts for state troopers and corrections officers Thursday as he unveiled his $21.5 billion General Fund budget for the 2015-16 fiscal year.
 
The editors of The Fayetteville Observer are interested in the film industry and with storytelling in general. An example of the latter came to my attention recently.
The editors of The Fayetteville Observer are interested in the film industry and with storytelling in general. An example of the latter came to my attention recently.
 
This is National School Choice Week and there are many reasons to celebrate this modest but important idea. School choice is based on a simple truth: Parents know their children better than anyone else. As such, parents - not the government - should control their children's education and where...
This is National School Choice Week and there are many reasons to celebrate this modest but important idea. School choice is based on a simple truth: Parents know their children better than anyone else. As such, parents - not the government - should control their children's education and where...
 
The question of whether our state government ought to subsidize historic preservation is distinguishable from the question of how government should deliver those subsidies. Unfortunately, these two issues have been lumped together by lawmakers when discussing the recent sunset of the historic...
The question of whether our state government ought to subsidize historic preservation is distinguishable from the question of how government should deliver those subsidies. Unfortunately, these two issues have been lumped together by lawmakers when discussing the recent sunset of the historic...
 
Spurred on by Gov. Pat McCrory, who has assembled a coalition to restore discontinued historic preservation tax credits, state Cultural Resources Secretary Susan Klutz on Thursday directed her statewide whistle-stop tour to Eden, home of Senate leader Phil Berger.
Spurred on by Gov. Pat McCrory, who has assembled a coalition to restore discontinued historic preservation tax credits, state Cultural Resources Secretary Susan Klutz on Thursday directed her statewide whistle-stop tour to Eden, home of Senate leader Phil Berger.
 
Governor McCrory and others are advocating the restoration of the historic preservation tax credit.
 
Governor Pat McCrory was in High Point today for the grand opening of the North American Headquarters of BuzziSpace, a manufacturer of high-end office furniture. The move, and the 113 jobs and nearly $2 million investment, was announced just 10 months ago. The headquarters will be located and,
Governor Pat McCrory was in High Point today for the grand opening of the North American Headquarters of BuzziSpace, a manufacturer of high-end office furniture. The move, and the 113 jobs and nearly $2 million investment, was announced just 10 months ago. The headquarters will be located and,
 
Efforts by the state's film industry to continue getting incentives from North Carolina taxpayers were revived Thursday when a Senate committee - and later the entire Senate - approved a new plan awarding grants to filmmakers.
Efforts by the state's film industry to continue getting incentives from North Carolina taxpayers were revived Thursday when a Senate committee - and later the entire Senate - approved a new plan awarding grants to filmmakers.
 
Lobbyists for North Carolina's motion-picture industry, in an attempt to preserve an expiring taxpayer subsidy for film production in the state, are circulating two "talking points" documents to lawmakers attacking the credibility of those who have questioned the figures.
Lobbyists for North Carolina's motion-picture industry, in an attempt to preserve an expiring taxpayer subsidy for film production in the state, are circulating two "talking points" documents to lawmakers attacking the credibility of those who have questioned the figures.
 
How serious are our state leaders about economic growth and long-term recovery? Are they committed to broadening the base of taxpayers so that everyone pays something and nearly everyone pays less? Will they stand strong to continue the reforms that are turning the state around?
How serious are our state leaders about economic growth and long-term recovery? Are they committed to broadening the base of taxpayers so that everyone pays something and nearly everyone pays less? Will they stand strong to continue the reforms that are turning the state around?
 
Do you think your taxes are too high? Would like a tax break? Well, some NC legislators are happy to give you a big tax break – if you are a big Hollywood film studio.
Do you think your taxes are too high? Would like a tax break? Well, some NC legislators are happy to give you a big tax break – if you are a big Hollywood film studio.
 
To make a long story short, the great debate in North Carolina politics concerns how state and local governments can best promote economic growth and opportunity. Opinions differ widely, as one might expect. But generally speaking, they can be grouped into three schools of thought that bear...
To make a long story short, the great debate in North Carolina politics concerns how state and local governments can best promote economic growth and opportunity. Opinions differ widely, as one might expect. But generally speaking, they can be grouped into three schools of thought that bear...
 
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
The State of North Carolina, at last count, confiscated $84.2 million from taxpayers in the state (individuals and businesses) and gave it to movie production companies to entice them to make their movies in North Carolina, rather than Hollywood or somewhere else.
 
At an early March meeting in Charlotte of the N.C. Governor's Conference on Tourism, state Commerce Secretary Sharon Decker admitted that a 25-percent refundable tax credit for the film industry, scheduled to expire in January, may be in trouble.
At an early March meeting in Charlotte of the N.C. Governor's Conference on Tourism, state Commerce Secretary Sharon Decker admitted that a 25-percent refundable tax credit for the film industry, scheduled to expire in January, may be in trouble.
 
In February, a North Carolina tax preparer of Hispanic descent told Carolina Journal that several tax preparers in her community help their clients commit federal income tax fraud by claiming tax credits for children who either do not exist or do not live in the United States.
In February, a North Carolina tax preparer of Hispanic descent told Carolina Journal that several tax preparers in her community help their clients commit federal income tax fraud by claiming tax credits for children who either do not exist or do not live in the United States.
 
I've had my disagreements with Duke Energy, both historically and recently. But the company got a bum rap in a new story stumbling its way through media circles: that Duke Energy uses abusive tax loopholes to avoid paying its fair share of federal income taxes.
I've had my disagreements with Duke Energy, both historically and recently. But the company got a bum rap in a new story stumbling its way through media circles: that Duke Energy uses abusive tax loopholes to avoid paying its fair share of federal income taxes.
 
Momma always said you can learn more listening than you can speaking, so now that a judge has called a temporary halt to North Carolina's school voucher program let's spend time in listening to both sides of this issue. And the best way to get information is to ask questions.
Momma always said you can learn more listening than you can speaking, so now that a judge has called a temporary halt to North Carolina's school voucher program let's spend time in listening to both sides of this issue. And the best way to get information is to ask questions.
 
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