Tax Law
Businesses Penalized for State Unemployment Insurance Debt
Employers in 20 states will have to shell out more in taxes next year as a penalty for the states not paying back federal loans that kept unemployment programs afloat during the recession. Altogether, states still owe .6 billion to the feds that they borrowed when their unemployment insurance trust funds sank to zero. Most […]
Star-Struck States Sweeten Film Incentives
How film incentives work Every state but Alabama, Alaska, Delaware and New Hampshire offers incentives for the film industry, although the last three don’t have sales taxes. The sweeteners elsewhere include grants, no-interest loans, exemptions from hotel taxes, plus rebates, exemptions and credits for income and sales taxes. But states vary widely […]