tax credits
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VW and Rivian once again qualify for federal EV tax credits
Numerous EVs once again qualify for federal tax credits, including the VW ID.4 and Rivian's lineup.
Tesla's five-seat Model Y and other EVs now qualify for the new $7,500 federal tax credit
More versions of Tesla's Model Y and four other EVs now qualify for the new $7,500 federal tax credit thanks to the Treasury.
Senate deal would revive EV tax credits for GM, Tesla and Toyota
Senators have struck a deal that would bring EV tax credits back to GM, Tesla and Toyota, while also offering credits for used EVs.
Foxconn drastically scales back plans for $10 billion Wisconsin factory
After promising 13,000 new jobs in the state, Foxconn will only create 1,454 positions.
Foxconn's Wisconsin plant opens next May with fewer jobs than promised
Foxconn's long-promised factory in Wisconsin will finally begin production in May 2020, but to start, it's only creating 1,500 jobs. That's far fewer than the 13,000 jobs it once said it would add. At this rate, Foxconn will likely lose out on hundreds of millions of dollars in state subsidies, many of which were meant to reward job creation.
Mass. bill proposes stepping up state's game dev incentives
With EA set to break ground for a new facility at LSU, and Gameloft considering similar "endeavors" in New Orleans, Louisiana legislatures have got to be feeling good about the allure of the state's Digital Interactive Media Credit. 1500 miles to the northeast, Massachusetts is considering enacting similar tax incentives for game developers through a bill filed earlier this year by Rep. Vincent Pedone. As the bill, affectionately known as "H03301," continues to kick around the Mass. Legislature, representatives of specialty tax services provider Alliantgroup take a look at its proposed "rewards" on Develop. While subject to alteration, the current draft of the bill proposes significant tax credits for both labor- and production-based costs incurred by large and small game-related companies alike, including a potential credit for a "promotional logo of the commonwealth of Massachusetts" placed on a game. In other words, stamp a game with a "Made in Massachusetts" logo (as Alliantgroup dubs it) and a company could earn up to a $75,000 annual credit under the bill's current stipulations. Of course, the bill has yet to be put to a vote by state lawmakers, who can ill afford to sleep on it for long if they want to keep pace in the "quest" to win over the game industry. In addition to Louisiana, Alliantgroup identifies 16 other "game-friendly" states, including neighboring Rhode Island, which last year lured away Curt Shilling's 38 Studios from Mass. ["Made in Massachusetts" logo source: Massachusetts Bay Trading Co, Inc.]
San Francisco could offer credits, rebates to promote solar panel usage
It's hard to deny San Francisco's infatuation with solar power, and a new plan could further showcase its adoration for the sun (and Mother Earth, too) by throwing out tax credits, rebates and even loans for individuals and businesses that choose to equip their buildings with solar panels. Under the proposal, businesses would reportedly be "eligible for rebates of up to $10,000," while residents could fetch somewhere between $3,000 and $5,000 to help offset the high cost of installing panels. Furthermore, the city itself would underwrite loans that could be paid back "through annual tax assessments on properties." As it stands, the plan still has to be approved by voters and legislators, but Mayor Gavin Newsom is aspiring to have the whole shebang in place by next summer.[Image courtesy of San Francisco Sentinel]
