Warning: Pollution Control Equipment Losing Tax Exempt Status in Texas

Written on August 07, 2014 at 08:03 AM

By Charles Oeler, Senior Managing Consultant, Houston
& Jonathan Sanders, Senior Managing Consultant / Principal, Houston

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Categories: Personal Property, Environment, Pollution Control, Paradigm Info, Texas

Colorado Legislature Passes 11 Business Tax-Credit Bills

Written on May 09, 2014 at 07:09 AM

The Colorado Legislature approved 11 bills in 2014 that would grant tax credits or incentives of various sorts to businesses, despite the Capitol avoiding any kind of "tax breaks" for many years. The bills were passed in hopes to boost Colorado's economy, improve the business climate and spur job growth. However, legislative leaders don't expect the trend to last, because this year's tax breaks will take a significant amount of money from the budget and they agree it's not sustainable to keep adding them.

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Categories: Personal Property, Aerospace & Defense, Real Property, Environment, Pollution Control, Sales & Use Tax, Colorado, Green Initiatives

Tax Advantages for Florida Businesses:   Pollution Control Exemptions Ad Valorem Property Tax

Written on January 20, 2014 at 07:40 AM

By Manuel A. Ramos, Senior Managing Consultant / Principal, Fort Lauderdale

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Categories: Personal Property, Environment, Pollution Control, Paradigm Info, Wood - Paper - Pulp, Florida, Pharmaceutical, Oil - Gas - Energy - Utilities

Arizona Likely to Grant Apple Huge Property, Energy Tax Breaks

Written on November 07, 2013 at 05:57 AM

Mesa, Arizona will be the latest location for an Apple, Inc. warehouse, and the company is likely to receive huge property, equipment, energy and payroll tax breaks and other incentives from the state. Apple purchased the failed First Solar plant for $113.6 million, and will employee 700 workers. The company has recently opened data and operation centers in Nevada, Texas, Oregon and North Carolina, and will receive as much as $196 million in tax breaks from those states.

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Categories: Personal Property, Arizona, Nevada, Industrial, Real Property, Environment, Pollution Control, North Carolina, Texas, Green Initiatives, Oil - Gas - Energy - Utilities, Oregon, Warehouse

Bill Would Tighten Tax Incentives on Pollution in Florida

Written on May 14, 2013 at 08:12 AM

The Florida Legislature has approved a bill that would cause businesses to no longer receive state tax breaks because of perceived pollution on their properties. According to the Orlando Sentinel, in 2011 and part of 2012, Florida companies received as much as $11 million in Brownfield economic-development tax breaks, even though many of which were building on ground that does not appear to be contaminated. These companies were able to get breaks anyways because the law is currently written in a way that only requires the perception of contamination, not actual proof.

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Categories: Personal Property, Real Property, Environment, Pollution Control, Green Initiatives, Florida

Property Tax Exemption for Renewable Energy Passes CT Senate

Written on April 29, 2013 at 11:00 AM

A Bill that would exempt commercial and industrial renewable generation equipment from property tax in the state of Connecticut has passed the State Senate. According to Power Engineering, Senate Bill 203 would extend an existing tax credit for residential renewable energy equipment to also include commercial and industrial installations. The Bill's leader, Senator Bob Duff, believes that this property tax exemption will prove to be a great incentive for more renewable development as the state tries to encourage more clean energy.

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Categories: Personal Property, Real Property, Environment, Pollution Control, Industrial & Manufacturing, Green Initiatives, Connecticut, Economy

Improving Commercial Real Estate Environmental Performance

Written on March 11, 2013 at 10:05 AM

While the commercial real estate industry has taken great strides in reducing their carbon footprint, industrial plants and commercial buildings still account for 45% of the greenhouse gas emissions produced in the US. According to the Atlanta Business Chronicle, with the expected increases in demand for energy in the future, the commercial real estate industry can help protect the environment while also improving bottom lines and making sites more appealing to tenants.

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Categories: Real Property, Environment, Pollution Control, Green Initiatives

Data Centers Making Strides towards Energy Efficiency

Written on January 14, 2013 at 06:50 AM

Industry professionals are starting to succeed in creating greener data centers in hopes of turning around their reputation as energy hogs. According to the National Real Estate Investor, U.S. Green Building Council's fourth version of Leadership in Energy and Environmental Design (LEED) includes data centers, a step that shows effort in removing the barriers to allow even more data facilities to participate in LEED and build sustainability.

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Categories: Personal Property, Office, Industrial, Real Property, Environment, Pollution Control, Green Initiatives

Commercial Real Estate Owners Avoid Costly Sustainability Revamps

Written on November 21, 2012 at 05:05 AM

Most commercial real estate companies are avoiding capital investments for sustainability revamps and instead are focusing on self-financed projects with a direct financial benefit. According to Justmeans, even though there is more capital available for energy retrofits and renewable energy installations, real estate businesses tend to favor projects with a more moderate budget such as lighting retrofits and temperature controls as opposed to expensive HVAC upgrades that would save more energy in the long run but are not as obvious to tenants.

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Categories: Real Property, Environment, Pollution Control, Green Initiatives, Economy

Businesses Get New Finance Option for Energy Efficient Improvements

Written on October 25, 2012 at 08:43 AM

The San Diego, California City Council will again allow commercial property owners to finance water and energy efficient improvements. According to the North County Times, the Property Assessed Clean Energy program allows commercial property owners to get privately backed loans to buy insulation, energy efficient appliances, solar panels, and water efficient fixtures and repay the loans on their property tax bills. Payments will stay with the property, not the business.

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Categories: Real Property, Environment, Pollution Control, Green Initiatives, California, Economy

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