Budget challenges in almost all states can lead to changes to postpone or suspend the use of tax credits and carryovers. Budget challenges along with poor press on the use of some business tax preferences can lead to a reduction in incentives and the addition of accountability measures. Accountability measures, such as collecting data to see if incentives are having an incentivizing effect are good things.
I've got a short article in today's AICPA Corporate Taxation Insider on some recent actions by some states to examine various tax preferences for businesses - here.
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Hi, nice post. This is an interesting and very informative topic. Thanks for sharing your ideas. Good blogs style too, can't wait to read another one like this. Cheers!
Business Taxes in Framingham MA
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