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Is Anyone Familiar With The Louisiana State Research And Development Tax Credit Program?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, the Louisiana Research and Development Tax Credit Program (hereinafter the "Program") encourages existing businesses with operating facilities in Louisiana to establish or continue research and development...   Read More
What Is The Most Current Status Of The Research And Experimentation Tax Credit On Capitol Hill?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Most recently on Friday, May 9th The U.S. House of Representatives voted 274-131 to reinstate the Research and Experimentation Tax Credit (hereinafter "RTC") under Sec. 41 of the Code which recently expired on...   Read More
Is Anyone Familiar With The Scope And Application Of The New York State Film Tax Credit Program?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

Yes, the New York State Film Tax Credit Program provides incentives to qualified production companies that produce feature films; television series; relocated television series; television pilots and television...   Read More
What Is The Current Status Of The Tax Extenders Legislation On Capitol Hill? My Understanding Is The Senate Finance Committee Approved On...
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

You are correct that on April 3rd, the Senate Finance Committee overwhelmingly approved the Expiring Provisions Improvement Reform and Efficiency Act of 2014 ("EXPIRE") with a strong bipartisan vote, setting the...   Read More
What Is The Current Legislative Status Of The 179D Energy Tax Deduction For Building Envelope Efficiency In Congress?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

The I.R.C. Sec. 179D Energy Tax Deduction for Building Envelope Efficiency previously expired on December 31, 2013. However, most recently on March 26th, Senator Ed Markey and 28 other U.S....   Read More
What Are The Current Rules Governing Taxpayers Who Turned 70-1/2 During 2013 In Connection To Required Minimum Distributions For Individual...
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

It should be duly noted that taxpayers who turned 70-1/2 during 2013, in most cases, must begin receiving Required Minimum Distributions (hereinafter "RMDs") from Individual Retirement Accounts (hereinafter "...   Read More
What Are The Probabilities Of The Research & Experimentation Tax Credit Being Renewed Retroactively To Cover January 1, 2014 To Present?...
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

The probabilities are fairly high that the Federal-Level Research and Experimentation Tax Credit (hereinafter "RTC") will be retroactively renewed. It should be duly recalled that the 1st...   Read More
Were New York Liberty Zone Tax Incentives Included Within The White House Fiscal Year 2015 Budget Proposal?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

President Obama unveiled his $ 3.9 trillion dollar Fiscal Year 2015 Budget Proposal on March 4th that would provide tax credits for transportation infrastructure in or connecting to the New York Liberty Zone,...   Read More
Did President Obama's Fiscal Year 2015 Budget Proposal Modify The Application Of The UNICAP Rules For Select Taxpayers?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

President Obama unveiled his $ 3.9 trillion Fiscal Year 2015 Budget Proposal on March 4th that would exempt employers with average annual gross receipts of $ 10 million or less from the uniform capitalization ("...   Read More
Is The New Markets Tax Credit (NMTC) Program Still In Effect?
User Photo Peter J. Scalise
Tax Professional Level: Master Tax Advisor

No, currently the New Markets Tax Credit (hereinafter "NMTC") program expired on December 31, 2013. As a background, the NMTC program was established back in 2000 as part of the "Community Renewal...   Read More

 

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