U.S. income tax has numerous nonrefundable business credits. In most cases, any amount of these credits in excess of current year tax may be carried forward to offset future taxes, with limitations. The credits include the following, available to individuals and businesses:
- Alternative motor vehicle credit: several credits are available for purchase of varying types of non-gasoline powered vehicles.
- Alternative fuel credits: a credit based on the amount of production of certain non-petroleum fuels.
- Disaster relief credits
- Credits for employing individuals in certain areas or those formerly on welfare or in targeted groups
- Credit for increasing research expenses
- A variety of industry specific credits
Many sub-Federal jurisdictions (states, counties, cities, etc.) within the U.S. offer income or property tax credits for particular activities or expenditures. Examples include credits similar to the Federal research and employment credits, property tax credits granted by cities (often called abatements) for building facilities within the city, etc. These items often are negotiated between a business and a governmental body, and specific to a particular business and property.
Read more about this topic: Tax Credit
Other articles related to "united states, states, state":
... Ron Hubbard." The movement spread quickly through the United States and to other English-speaking countries such as Britain, Ireland, South Africa and Australia ... of California was granted tax-exempt status by the United States Internal Revenue Service (IRS), and so, for a time, were other local churches ... The United States Food and Drug Administration (FDA) began an investigation concerning the claims the Church of Scientology made in connection with its E-meters ...
... Eleven southern slave states declared their secession from the United States and formed the Confederate States of America ("the Confederacy") the other 25 states ... years of warfare, mostly within the Southern states, the Confederacy surrendered and slavery was abolished everywhere in the nation ... had campaigned against expanding slavery beyond the states in which it already existed ...
1836 – Samuel Colt is granted a United States patent for the Colt revolver ... – Hiram Rhodes Revels, a Republican from Mississippi, is sworn into the United States Senate, becoming the first African American ever to sit in the U.S ... Morgan incorporates the United States Steel Corporation ...
... The Seventieth United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States ... was based on the Thirteenth Decennial Census of the United States in 1910 ...
... See also Kent State University Airport ... named a top-ten fashion school in the United States by Runway Magazine ... centers for ethnomusicology in the United States ...
Famous quotes related to united states:
“And hereby hangs a moral highly applicable to our own trustee-ridden universities, if to nothing else. If we really wanted liberty of speech and thought, we could probably get itSpain fifty years ago certainly had a longer tradition of despotism than has the United Statesbut do we want it? In these years we will see.”
—John Dos Passos (18961970)
“On the whole, yes, I would rather be the Chief Justice of the United States, and a quieter life than that which becomes at the White House is more in keeping with the temperament, but when taken into consideration that I go into history as President, and my children and my childrens children are the better placed on account of that fact, I am inclined to think that to be President well compensates one for all the trials and criticisms he has to bear and undergo.”
—William Howard Taft (18571930)
“Scarcely any political question arises in the United States that is not resolved, sooner or later, into a judicial question.”
—Alexis de Tocqueville (18051859)
“Places where he might live and die and never hear of the United States, which make such a noise in the world,never hear of America, so called from the name of a European gentleman.”
—Henry David Thoreau (18171862)
“Of all the nations in the world, the United States was built in nobodys image. It was the land of the unexpected, of unbounded hope, of ideals, of quest for an unknown perfection. It is all the more unfitting that we should offer ourselves in images. And all the more fitting that the images which we make wittingly or unwittingly to sell America to the world should come back to haunt and curse us.”
—Daniel J. Boorstin (b. 1914)