Download or read book Comparison of Ohio s Proposed Tax Credits for Cleaning Up Brownfields and Retaining Jobs with Similar Authorized Connecticut Credits written by John Rappa and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares Ohio's proposed tax credits for cleaning up environmentally contaminated properties (i.e., brownfields) and retaining jobs with comparable credits authorized under Connecticut law.
Download or read book New York and Connecticut s Brownfield Clean up Tax Credits written by John Rappa and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Compares New York and Connecticut's tax credits for cleaning up and redeveloping brownfields.
Download or read book The Ohio Experience written by United States. Congress. House. Committee on Government Reform. Subcommittee on Federalism and the Census and published by . This book was released on 2005 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New York State Tax Credits Available for Remediated Brownfields written by and published by . This book was released on 2010 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This publication describes the New York State tax credits associated with the "Brownfield Cleanup Program" established under Title 14 of Article 27 of the Environmental Conservation Law (ECL)"--Page 3.
Download or read book Tax Credits for Remediating Brownfields written by Kristen Miller (Lawyer) and published by . This book was released on 2017 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses whether Connecticut has any tax credits specifically for remediating brownfields.
Download or read book Financing Brownfields State Program Highlights written by and published by . This book was released on 2007 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rethinking Property Tax Incentives for Business written by Daphne A. Kenyon and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of property tax incentives for business by local governments throughout the United States has escalated over the last 50 years. While there is little evidence that these tax incentives are an effective instrument to promote economic development, they cost state and local governments $5 to $10 billion each year in forgone revenue. Three major obstacles can impede the success of property tax incentives as an economic development tool. First, incentives are unlikely to have a significant impact on a firm's profitability since property taxes are a small part of the total costs for most businesses--averaging much less than 1 percent of total costs for the U.S. manufacturing sector. Second, tax breaks are sometimes given to businesses that would have chosen the same location even without the incentives. When this happens, property tax incentives merely deplete the tax base without promoting economic development. Third, widespread use of incentives within a metropolitan area reduces their effectiveness, because when firms can obtain similar tax breaks in most jurisdictions, incentives are less likely to affect business location decisions. This report reviews five types of property tax incentives and examines their characteristics, costs, and effectiveness: property tax abatement programs; tax increment finance; enterprise zones; firm-specific property tax incentives; and property tax exemptions in connection with issuance of industrial development bonds. Alternatives to tax incentives should be considered by policy makers, such as customized job training, labor market intermediaries, and business support services. State and local governments also can pursue a policy of broad-based taxes with low tax rates or adopt split-rate property taxation with lower taxes on buildings than land.State policy makers are in a good position to increase the effectiveness of property tax incentives since they control how local governments use them. For example, states can restrict the use of incentives to certain geographic areas or certain types of facilities; publish information on the use of property tax incentives; conduct studies on their effectiveness; and reduce destructive local tax competition by not reimbursing local governments for revenue they forgo when they award property tax incentives.Local government officials can make wiser use of property tax incentives for business and avoid such incentives when their costs exceed their benefits. Localities should set clear criteria for the types of projects eligible for incentives; limit tax breaks to mobile facilities that export goods or services out of the region; involve tax administrators and other stakeholders in decisions to grant incentives; cooperate on economic development with other jurisdictions in the area; and be clear from the outset that not all businesses that ask for an incentive will receive one.Despite a generally poor record in promoting economic development, property tax incentives continue to be used. The goal is laudable: attracting new businesses to a jurisdiction can increase income or employment, expand the tax base, and revitalize distressed urban areas. In a best case scenario, attracting a large facility can increase worker productivity and draw related firms to the area, creating a positive feedback loop. This report offers recommendations to improve the odds of achieving these economic development goals.
Download or read book Brownfields Cleanup and Redevelopment written by Larry B. Morandi and published by . This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brownfield Redevelopment Policy written by Jennifer S. Seiple and published by . This book was released on 2001 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ohio like other states across the nation has adopted a voluntary cleanup program to encourage the remediation of brownfields. In September of 1994, the State of Ohio adopted Senate Bill 221, the Voluntary Action Program (VAP), a risk management approach to environmental protection, to increase brownfield redevelopment by the private sector and property owners. The risk management approach is a reaction against the traditional regulatory approach. It provides flexible and innovative guidelines measuring contamination in order to decrease remediation cost, remediation time and oversight by the Ohio EPA. Ohio's VAP land-use cleanup criteria and less stringent groundwater cleanup criteria in Urban Setting Designation areas are examples of the risk management approach to environmental protection. The Ohio Environmental Protection Agency Ohio EPA administers the VAP program. The program focuses on the cleanup of sites that are less contaminated than Superfund sites, but sites that still pose a threat to human health and the environment if remediation is not enacted. The Voluntary Action Program addresses contamination that exists in soil, sediment, groundwater and surface water.
Download or read book Report to the Ohio General Assembly on Tax Credits for Investment in Manufacturing written by Ohio. Department of Taxation and published by . This book was released on 1979 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report on the Ohio Historic Preservation Tax Credit written by Ohio 2020 Tax Policy Study Commission and published by . This book was released on 2016 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Decoding Historic Tax Credits written by Vanessa Gabriele and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The objective, therefore, of this thesis is to create a user-friendly, how-to manual for federal and state historic tax credits for Ohio. It will also introduce low-income housing credits and how they work with the historic tax incentives. The focus will be on one city since there is a difference in how state and local laws treat tax credits, but such a manual could also be used as a template for other communities or states that want to develop a similar document. The goal is that the increased understanding of the application of historic and low-income housing tax credits will heighten awareness about their availability and, in turn, increase the number of projects that take advantage of them." --page 9.
Download or read book Property Tax Credits Against the State Income Tax written by Judith S. Lohman and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a history of the property tax credit against the state income tax.
Download or read book Environmental Remediation Tax Credit written by and published by . This book was released on 1997 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Digging Up the Details written by Amanda Gonzalez and published by . This book was released on 2000 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determining the Impact of State Capital Projects on Ohio s Land written by Ohio Interagency Land Use Policy Work Group and published by . This book was released on 1974 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Urban Incentive Tax Credits written by Edward M. Meyers and published by . This book was released on 1974 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
