Mississippi Business Journal » tax credits

Relocation tax credit bill back for another try

Clay Chandler — Fri, 01 Feb 2013 17:17:20 +0000

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 [...]

The post Relocation tax credit bill back for another try appeared first on Mississippi Business Journal.

Mississippi lacks state tax credits, net metering for alternative energy

Becky Gillette — Mon, 29 Oct 2012 05:01:55 +0000

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 [...]

The post Mississippi lacks state tax credits, net metering for alternative energy appeared first on Mississippi Business Journal.

CONSTRUCTION — How do low-E windows work?

Becky Gillette — Mon, 12 Mar 2012 18:14:34 +0000

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 [...]

The post CONSTRUCTION — How do low-E windows work? appeared first on Mississippi Business Journal.

Payton, Brees, Manning among Saints taken by scammer

Associated Press — Mon, 16 Jan 2012 18:32:06 +0000

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, [...]

The post Payton, Brees, Manning among Saints taken by scammer appeared first on Mississippi Business Journal.

SECDE closes on tax credits for Resinall plant

MBJ Staff — Wed, 16 Nov 2011 18:15:48 +0000

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 [...]

The post SECDE closes on tax credits for Resinall plant appeared first on Mississippi Business Journal.

MHC awards $8M in Housing Tax Credits

Wally Northway — Tue, 17 Aug 2010 10:19:53 +0000

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 [...]

The post MHC awards $8M in Housing Tax Credits appeared first on Mississippi Business Journal.

Home sales increase in the South

Associated Press — Wed, 24 Mar 2010 11:36:50 +0000

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 [...]

The post Home sales increase in the South appeared first on Mississippi Business Journal.

Saints suing former teammate over investment

Associated Press — Tue, 09 Mar 2010 11:57:58 +0000

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 [...]

The post Saints suing former teammate over investment appeared first on Mississippi Business Journal.

BlueFire asking for tax credit

Wally Northway — Thu, 04 Mar 2010 15:13:30 +0000

FULTON — On March 3, Arnold Klann of BlueFire Ethanol and a consortium of 31 other advanced biofuel producers signed a letter to U.S. congressional leaders urging the implementation of a 30 percent investment tax credit (ITC) for advanced biorefineries. They believe the ITC is needed to jumpstart the industry which must meet looming federal [...]

The post BlueFire asking for tax credit appeared first on Mississippi Business Journal.