From Site Selection magazine, November 2001
STATE LEGISLATIVE ACTIVITY
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New Mexico
House Bill 342/Senate Bill 139 extends the manufacturing tax credit to Jan. 1, 2011 and allows for a review of the effectiveness of the credit in 2005. It also limits the extent of the credit to $2 million in any one year and includes an employment provision to receive the credit.
House Bill 119 clarifies certain uses of a call center, addressing an interpretation of the Tax Department that might subject call centers to a gross receipts tax.
Senate Bill 139 extends the life of certain investment credit provisions of the state's tax code, and it extends the period of application for investment tax credits for manufacturers.
Senate Bill 437 appropriates $50,000 to the Economic Development Department to fund online promotion and marketing of New Mexico products.
Governor: Gary E. Johnson (R) 505-827-3000
Pending legislation will double the size of the 54 Empire Zones and add four new zones. Businesses locating or expanding operations in Empire Zones received significant tax credits along with nearly tax free operations for up to 10 years.
Pending legislation will provide real property tax credits for the cost of brownfield remediation that results in commercial redevelopment of the property.
Governor:B George E. Pataki (R) 518-474-7516
Proposed expansion of tax breaks for businesses that create new jobs and includes a sales tax break for companies that use electrical currents in their manufacturing process.
North Carolina Commerce Dept. revised county tier designations. Eleven counties moved to Tier Zone rankings due to population growth.
Governor: James B. Hunt Jr. (D) 919-733-4240
Recent legislation created new tax credits, including a 30 percent investment tax credit to encourage investment in primary sector businesses and a $2.5 million increase in the tax credit for renaissance zones.
Sales tax exemptions now exist on telecommunications and computer equipment for new and expanding businesses.
Funding was increased for the Work Force 2000 training program by $850,000 to $2.1 million.
Governor: Edward T. Schafer (R) 701-328-2200
Introduction of bill to create Ohio Aerospace Advisory Council.
New changes permits political subdivisions in economically distressed areas to employ tax increment financing throughout a designated area.
Creates the Heavy Industry Loan Fund to provide loans or loan guarantees to eligible projects that produce or refine basic material used in manufacturing.
Governor: Bob Taft (R) 614-466-3555
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