With year-end around the corner, now is the time to review your company's state tax liability and credit utilization. Many companies in the midst of year-end planning may find themselves with unused state tax credits and should be looking for opportunities to monetize them.
On December 16, 2010, the U.S. House of Representatives (the "House") voted to approve Senate amendments (S. Amdt. 4753) to House bill 4853 (H.R. 4853), also referred to as the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act.
The American Recovery and Reinvestment Act of 2009 (ARRA) was signed into law by President Obama on February 17, 2009. This stimulus bill provides new incentives for a number of renewable energy and energy efficiency measures.
Duff & Phelps’ Gregory Burkart published in Smart Grid News.
Duff & Phelps' Jerry Schwartzman and Gregory Burkart published in The Bankruptcy Strategist.
One of the major challenges corporate tax departments face is ensuring the incentives secured are actually realized.
Duff & Phelps conducted a three-month review of several competing domestic and international locations and ultimately negotiated a retention package with the manufacturer’s home state.
On behalf of the client, Duff & Phelps negotiated and obtained offers of incentives valued at approximately $120 million. The agreement permits the company to expand its operations and obtain a pro-rata increase in its future incentives.