Individual states offer tax credits and incentives (deductions, credits and exemptions) to companies in numerous industries. States use them to attract new businesses and add jobs that bolster their economies.
Popular industries for state TC&I include:
- Food & Beverage
Taking advantage of these opportunities can be challenging, however, because the types of credits and incentives in each state and rules for qualifying vary greatly. It’s also tough to keep on top of them because they’re constantly changing.
Tax credits and incentives can definitely be worth pursuing. Marcum tax professionals can recommend options for your industry and business, and assist you in taking advantage of those that deliver real benefits.
Interested in exploring state tax credits & incentives? Ask Marcum.
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