tax credits
Coverage of tax credits in the Nexus archive.
- New bill would reward companies for training and hiring the human workforce behind AI
A new federal bill proposes tax credits for companies that train and hire workers to support the AI workforce. The legislation aims to incentivize businesses to invest in training and employment in the growing AI sector.
- Trump’s ‘Short-Sighted’ Cuts Jeopardize Philadelphia’s Clean Energy Future
Trump’s cuts to clean energy policies threaten Philadelphia’s renewable energy projects, particularly public-sector initiatives at schools and an airport. The rollback of Biden-era tax credits is forcing developers to adjust plans as deadlines approach.
- There's one renewable that Trump won't cut
Geothermal tax credits will remain intact for years, providing developers with policy certainty that other renewable energy sectors lack. The article notes that these credits are secure despite potential changes under Trump's administration.
- New top US solar lobbyist sees a ‘golden age’ under Trump
Tim Pawlenty, a Republican former governor of Minnesota and current president and CEO of the Solar Energy Industries Association, claims the Trump administration is overseeing a 'golden age of solar' despite policy rollbacks. Solar with batteries remains the fastest-growing energy source, but tax credits for large-scale systems will expire by 2024, prompting calls for permitting reform and sustained manufacturing incentives.
- To save Hollywood, create simple tax credits — and let stars qualify
The article discusses the production exodus from California, attributing it to an underperforming policy environment. It suggests creating simple tax credits and allowing stars to qualify as solutions to retain Hollywood productions.
- Affordable Care Act enrollment in Illinois continues to drop, new state data shows
Affordable Care Act enrollment in Illinois dropped by nearly 15% to 373,065 as of May 31, with over 92,000 people losing coverage, primarily due to nonpayment of premiums. The state attributes rising costs to federal policies under the Trump Administration and the expiration of pandemic-era tax credits, which had previously subsidized insurance through the exchange.
- Broadway Shows Eye London, NY Wooing With Tax Credits
Broadway shows are considering London as a potential location, with New York using tax credits to attract productions. The focus is on incentives for theatrical performances.
- California tech CEO accused of smuggling US equipment to Iran's military, nuclear programs
A California tech CEO and dual US-Iranian national is accused of smuggling US equipment to Iran's military and nuclear programs. The individual, who owns a $35 million mansion, reported a low annual income and claimed low-income tax credits for seven years according to prosecutors.
- Florida Man Sentenced to 18 Months in Prison for Biofuel Fraud Conspiracy
A Florida man, owner of a renewable fuel company, was sentenced to 18 months in prison, two years of supervised release, and ordered to pay $2,857,029 in restitution and a $150,000 fine for his role in a biofuel fraud scheme that generated over $7 million in fraudulent EPA renewable fuel credits and sought $6 million in fraudulent tax credits related to biodiesel production.
- Ohio to Halt Data Center Tax Credits as Opposition Grows
Ohio plans to stop offering tax credits for data centers amid growing opposition. Amazon.com Inc. announced a $150 billion investment over 15 years in data centers to meet rising demand for AI and digital services.