Summary: 56 units. Apartment complex. All 56 units passed. Results: Section 45L Tax Credits for 2011 = $112,000Details: The apartments located in Bakersfield, California is a 56-unit residential complex comprised of 6 buildings that are each no more than 3 stories above grade. 56 dwelling units were leased to residents in 2011.The apartment property in … Read More
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45L Tax Credit study 91 units apartments Panorama City California
Summary: 91 units. Apartment complex Results: Section 45L Tax Credits for 2011 = $196,000.Details: The 98-unit senior apartment complex in Panorama City, California, comprised of 2 buildings that are each no more than 3 stories above grade. 98 dwelling units were leased to residents in 2011. The property is located in Climate Zone 3B as … Read More
45L Tax Credit study 81 units apartments Selma California
Summary: 81 units. Apartment complex Results: Section 45L Tax Credits for 2011 = $162,000.Details: The apartment complex in Selma, California is an 81-unit residential complex comprised of 13 buildings that are each no more than 3 stories above grade. 81 dwelling units were leased to residents in 2011.The property is located in Climate Zone 3B … Read More
New Legislation Replaces California Enterprise Zones
URGENT ACTION REQUIRED! 2013 will be the last tax year for which businesses may engage in qualified Enterprise Zone hiring or purchasing. Business should document as much Enterprise Zone tax credit as possible now to preserve credits for the eleven year carry forward period. » Contact us and MAXIMIZE your Enterprise Zone credits!Governor Brown signed … Read More
Eddie Price joins KBKG as Cost Segregation Director
We are pleased to announce that we recently hired Eddie Price as the Director of our Cost Segregation department. Eddie has over 30 years of cost segregation experience dating back to the Investment Tax Credit period. He is a Certified member of the American Society of Cost Segregation Professionals and currently serving as the Secretary … Read More
Texas Governor Signs R&D Credit Legislation
On June 14, 2013, Texas Governor Rick Perry signed into law HB 800 reinstating the research and development (R&D) tax credit for Texas companies. Although not permanent, both the sales tax exemption and research credit are extended through 2026 and are expected to be a boost to Texas manufacturing and high-technology industries. Details regarding the … Read More
Gian Pazzia, CCSP, of KBKG elected President of ASCSP (2013 – 2015)
PASADENA, CA – KBKG congratulates Gian Pazzia, CCSP on his recent election as President of the American Society of Cost Segregation Professionals (ASCSP). “I’m looking forward to the opportunity to further develop and promote the American Society of Cost Segregation Professionals (ASCSP). With representation from Big Four all the way down to boutique cost segregation … Read More
Texas Research and Development Tax Credit Legislation on Governor’s Desk
On May 25, the Texas state senate approved HB 800 and sent it to Governor Rick Perry for his signature. The bill reinstates franchise tax credits for companies conducting qualified research and development (R&D) activities within the state. The Texas R&D credit was repealed in 2006, but proponents of the bill claim the tax incentives … Read More
Maryland’s Research and Development Tax Credit Extended and Annual Limits Increased
On April 9, 2013, Maryland’s Governor, Martin O’Malley, approved HB 386, extending and expanding Maryland’s research and development (R&D) tax credit. Maryland’s current R&D tax credit law provides a credit against regular Maryland tax for companies incurring qualified research expenses (QREs) within the state. Maryland currently caps its R&D credits at $6 million per calendar … Read More
R&D Tax Credit Tax Case, Union Carbide Corporation and Raw Materials Used During Testing
Union Carbide Corporation R&D Tax Credit Case Now Final: The Supreme Court denied certiorari review on March 18, 2013The widely followed R&D Tax Credit case involving Union Carbide Corporation (UCC) and the cost of supplies used during production has finally come to an end. On March 18, 2013, the Supreme Court denied review of the … Read More