International services – B&O tax credit for new employment
Available to:
Persons providing international services in designated geographical areas, such as computers, data processing, information, legal, accounting and tax preparation, engineering, architectural, business consulting, business management, public relations and advertising, surveying, geological consulting, real estate appraisal, or financial services.
Qualifying activity:
Creating permanent full-time positions in international services located in a Community Empowerment Zone or designated International Services District. International services must be provided to persons domiciled outside or be for use primarily outside the United States.
Credit amount:
$3,000 per qualified position. A credit is earned for up to five years if the position is maintained.
Reporting/documentation:
- No application
- No Annual Survey or Annual Report
- Electronic filing not required
- Maintain records necessary to verify eligibility
- Employment records for the previous six years
Category: State, Other incentives
Available to:
Manufacturers and processors for hire of commercial airplanes or component parts of commercial airplanes, non-manufacturers engaged in the business of aerospace product development, certificated FAR repair stations making retail sales, and aerospace tooling manufacturers.
Qualifying activity:
Expenditures for aerospace product...
Learn More about B&O credit for preproduction development expenditures
Available to:
Manufacturers and processors for hire of commercial airplanes or component parts of commercial airplanes, non-manufacturers engaged in the business of aerospace product development, certificated FAR repair stations making retail sales, and aerospace tooling manufacturers.
Qualifying activities:
For Manufacturers: Payment...
Learn More about B&O credit for property/leasehold taxes paid
Available to:
Anyone that purchases hog fuel. “Hog fuel” is defined as wood waste and other wood residuals including forest-derived biomass. Does not include firewood or wood pellets.
Qualifying activity:
Purchases of hog fuel to produce electricity, steam, heat, or biofuel...
Learn More about Hog fuel sales/use tax exemption
Available to:
Manufacturers and processors for hire performing manufacturing and research and development (R&D)
Testing operation for a manufacturer and processor for hire
Qualifying activity:
Purchase of qualifying machinery and equipment used directly for manufacturing, research and development, or testing...
Learn More about Machinery and equipment (M&E) sales/use tax exemption
Available to:
Manufacturers and processors for hire of commercial airplanes or component parts of commercial airplanes, non-manufacturers engaged in the business of aerospace product development, certificated FAR repair stations making retail sales, and aerospace tooling manufacturers.
Qualifying activities:
Manufacturers and processors...
Learn More about Reduced B&O tax rate
Available to:
Manufacturers, R&D laboratories, and commercial testing facilities located in rural counties or within a CEZ.
Qualifying activity:
Creating new employment positions/increase in-state employment by 15 percent.
Credit amount:
$2,000 credit/position with annual wages/benefits of $40,000 or less...
Learn More about Rural county/CEZ B&O tax credit for new employees