Canaan Huie One of the first major bills to pass either chamber of the General Assembly this year was H 117, NC Competes Act. The bill included substantial changes to several economic development programs, including some to the Jobs Development Investment Grant (JDIG) Program. The bill cleared the House of Representatives on March 5, 2015 … Continue reading
By Canaan Huie Once I built a railroad, I made it run
By Canaan Huie Beginning in mid-December, the holiday season in the U.S. really starts to run on all cylinders. Whether you’re celebrating Hanukkah (beginning December 16), Winter Solstice (December 21), Festivus (December 23 – see Wikipedia if you’re unfamiliar with this holiday that entered popular culture in 1997), Christmas (December 25), Kwanzaa (beginning December … Continue reading
By Canaan Huie In my last blog post, I wrote about the difference it makes to local governments as to whether local sales and use tax revenues are allocated based on a point-of-sale basis or per capita basis. You may remember that I wrote about the difference between a “pure” point-of-sale basis allocation and a … Continue reading
By Canaan Huie Locally levied sales and use taxes make up the second largest source of tax revenues for counties and municipalities in North Carolina. Therefore, how these taxes are distributed among local governments can be very important for local finances. Unfortunately, as is all too often the case with tax law, the manner in … Continue reading
By Canaan Huie Do you ever read a news story about a new company locating to North Carolina and find yourself lost in all the acronyms? Do phrases like 3J, JDIG, JMAC and IDF make you wish you had an FAQ? Well here’s an FYI to help clear it up PDQ.