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A Georgia Town Basks in Bountiful Filming. The State Pays.
Posted inGeorgia Law and Legislation Movies Tax Credits, Deductions and Exemptions Television Thomasville (Ga) Thomasville Pictures

A Georgia Town Basks in Bountiful Filming. The State Pays.

When movies are made in Thomasville, Ga., it welcomes celebrities and an infusion of cash. But the financial incentives that attract studios have cost the state billions.
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Posted by By Jonathan Abrams and Matt Stevens
Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall
Posted inBiden, Joseph R Jr Corporate Taxes Federal Budget (US) Inflation Reduction Act of 2022 Law and Legislation Tax Credits, Deductions and Exemptions Tax Policy Center United States Politics and Government

Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall

President Biden has called for $5 trillion in new taxes on corporations and high earners. But his record so far is as a net tax cutter.
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Posted by By Jim Tankersley
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
Posted inFederal Bureau of Investigation Frauds and Swindling Internal Revenue Service Tax Credits, Deductions and Exemptions Tax Evasion

I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program

The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.
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Posted by By Alan Rappeport
Biden’s Climate Law Has Created a Growing Market for Green Tax Credits
Posted inCorporate Taxes Global Warming Inflation Reduction Act of 2022 Law and Legislation Tax Credits, Deductions and Exemptions United States Economy Wind Power

Biden’s Climate Law Has Created a Growing Market for Green Tax Credits

New Treasury Department data shows companies have registered 45,500 projects for possible sale on a new tax-credit marketplace.
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Posted by By Jim Tankersley

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