Posts Tagged ‘tax credits’

Mississippi bills provide tax credits for job shifts, HQ relocation

A number of bills to sweeten Mississippi’s economic development incentives have fallen by the wayside in the 2014 Legislature. A pair of tax credit measures remain in play, however. Still alive is a bill that gives tax credits of up to $1 million annually for businesses that shift jobs into the state from out of […] [...]

MBJ March 14th Digital Edition

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Relocation tax credit bill back for another try

One of the pieces of Secretary of State Delbert Hosemann’s 2013 legislative agenda is a repeat from last year. A bill that would have extended tax credits to corporations that move their national or regional headquarters to Mississippi died in a Senate committee last year. Two bills that would do the same thing currently sit […] [...]

Mississippi lacks state tax credits, net metering for alternative energy

Currently it is more profitable for businesses to go “green” by purchasing energy-efficient and alternative energy devices than it is for residents, says Shelley Rhoden, president of Alternative Energy Solutions. “The reason for that is because there are MACR (Modified Accelerated Cost Recovery) tax benefits for businesses,” Rhoden said. “This year businesses have a 50 […] [...]

CONSTRUCTION — How do low-E windows work?

Low-emissivity (low-E) glass windows work by controlling the heat transfer through windows with insulated glazing. The windows reflect the heat during the summer, while allowing the heat in during the winter. “The angles of the sun control it,” said Todd Cantor, general manager of Window King in Gulfport. “The window is designed to allow the […] [...]

Payton, Brees, Manning among Saints taken by scammer

NEW ORLEANS — Unlike this season’s winning on the football field, current and former members of the New Orleans Saints who bought nonexistent tax credits from a defunct movie studio are likely to come out big losers — perhaps getting back only 15 percent of their investment. The Saints personnel — including coach Sean Payton, […] [...]

SECDE closes on tax credits for Resinall plant

by Published: November 16,2011

Tags: expansion, financing, manufacturing, resins, tax credits, taxes

MADISON and HATTIESBURG — SECDE Ventures, LLC has closed on New Markets Tax Credit (NMTC) financing of $18 million for construction of Resinall Mississippi’s new hydrogenated hydrocarbon resin unit at its manufacturing facility in Hattiesburg. SECDE combined $12 million of its NMTC allocation with $6 million of NMTC allocation from MuniStrategies and $15 million of […] [...]

MHC awards $8M in Housing Tax Credits

by Published: August 17,2010

Tags: housing, real estate, tax, tax credits

ACROSS MISSISSIPPI — The Mississippi Home Corporation (MHC) has awarded over $8 million in Housing Tax Credits (HTC) to developers for the construction and rehabilitation of 589 units statewide. The MHC said the developments will create over 500 jobs, which will provide $12.89 million in constructions wages and produce $67.78 million in related spending in […] [...]

Home sales increase in the South

by Published: March 24,2010

Tags: home sales, housing, housing market, recession, tax credits

Home sales in the South rose nearly 8 percent in February, as federal tax credits and bargain prices enticed buyers. Last month, 113,000 homes were sold in the region, but the median sales price dipped 4 percent from a year ago to $139,600, the National Association of Realtors said yesterday. Sellers cut asking prices to […] [...]

Saints suing former teammate over investment

by Published: March 9,2010

Tags: lawsuit, professional sports, tax credits

NEW ORLEANS — Former New Orleans Saints player Charles Grant and current player Jeremy Shockey have filed suit against ex-teammate Kevin Houser over hundreds of thousands of dollars they said they paid for state movie tax credits that never materialized. State officials have said the credits were never applied for by the CEO of the […] [...]

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