Sentences with phrase «year production tax»

Not exact matches

«We're planning to invest over $ 50 billion in the U.S. over the next five years to increase production of profitable volumes and enhance our integrated portfolio, which is supported by the improved business climate created by tax reform.»

In 2015, companies like his, which had packed their production schedules to take advantage of an expiring tax credit, found their timelines completely upended when Congress unexpectedly extended that credit by five years.

Altech said it had also applied for the project to be given «pioneer status - high technology», a Malaysian investment incentive classification which delivers tax exemption on statutory income for the first five years following the start of commercial production from the plant.

The issue has been particularly heated in Quebec, where there has been vocal criticism of the Liberals» 2017 agreement with Netflix, which allows the U.S. web - streaming giant to forgo paying sales tax by investing $ 500 million in Canadian productions over the next five years.

At today's prices, industry forecasts of three million barrels per day by 2020 are likely to underestimate production by a bit, but the real kicker will be on the value of that production to all concerned — governments, via taxes and royalties, and shareholders will all suffer much lower returns from this development than they would have expected less than a year ago if prices stay where they are today.

A utility like Berkshire's MidAmerican can lower its tax liability through production credits for 10 years for each project.

The car, which is expected to go into production toward the end of the year, will be capable of traveling up to 200 miles on a single charge and is priced at $ 37,500 ($ 30,000 after tax credits), making it within reach of average consumers.

And autumn has featured, along with Morneau's troubles, Heritage Minister Melanie Joly being scorched by a firestorm — hottest by far in Quebec, her home province — sparked by her deal with Netflix, which extracts $ 500 million over five years for Canadian productions from the internet streaming giant, but imposes none of the taxes and regulations her critics demand.

The year - over-year improvement was driven primarily by reduced taxes, lower restructuring charges, and a modest top - line advance (+1 %), partially offset by increased production (+4 %), SG&A (+3 %), and research & development (+2 %) costs.

Even with a $ 408 million financial hit due to tax reform, the company remains in good shape as it transitions to Series 6 production and raised its 2018 guidance as it plans to bring back some Series 4 capacity to meet its 2 + year backlog of demand.

Half a billion pounds was spent on UK film production last year alone; and tax relief (thanks Gordon) runs at just under # 1million per film.

An income tax provision related to the entertainment industry could be tweaked (e.g. treating sales of partnership interests in movie productions as ordinary rather than capital gains income, or limiting the number of years that entertainment company losses could be carried forward) and an appropriations bill could simultaneously fund the programs.

Cuomo's added commitments are topped off by the extension of $ 420 million a year in state tax credits for film and TV production — the most generous giveaway of its kind in the country.

Last year 230 productions spent more than $ 3 billion in the state and earned back $ 681 million through the tax - credit program.

He highlighted the governor's economic policies, including his support for a $ 425 million a year program that provides tax credits to film productions.

On topic questions included whether the administration plans to increase low - income affordable housing production, what actions are required for the administration to count a unit of housing as «preserved», whether housing built with 421 (a) tax credits anywhere in the City should require affordable units, how the de Blasio administration counts housing underway at the end of the Bloomberg administration toward its goal, what was done in this housing complex to «preserve» these units, whether units counted as «preserved» are always on a 30 year agreement, the annual average of 20,000 units created or preserved as set forth in the mayor's ten year goal of 200,000 such units and how money was spent on the 17,000 units created or preserved in 2014.

The most significant are a five year extension of 2 percent «Section 18 - a» assessments on utility energy sales, with a $ 500 million annual impact on business and residential ratepayers, and a five year extension of the $ 420 million per year «film production» tax credit.

Texas: As of November 2015, state tax revenues from oil and natural gas production plummeted 48 % and 51 %, respectively, versus a year ago, according to the state comptroller of Texas.

Now Saab officials are worried that the most sweeping changes in the U.S. tax code in 30 years will hurt its ability to compete for top talent to fill technology jobs in engineering, research, development, testing and production.

What began a few years ago as a trickle of small independent films shot in and around Kingston has of late turned into a veritable flood, including big - budget productions with real movie stars, thanks to a new tax break and efforts by local officials to woo and accommodate the industry.

Done and near - done deals Tax breaks for film production companies: This multiyear incentive is worth $ 420 million a year to the industry.

Besides that, China's tax authorities have tracked production costs of local companies for years, and this will give the government the upper hand in preventing any possible fraud.

Not because any individual path, do I rate it say greater than 50 percent, but when you have about a dozen paths, all which at least to mea appear to have better than 20 percent chance independently, that if you get the R&D up, if you do things on the demand side that include great things we've done, like production tax credit, investment tax credit, Renewable Portfolio Standard, many, many tens of billions of money just in the U.S. alone, so we push the demand side, and now with the commitment to raise R&D and 2016 being the first year that actually did get appropriated, then you're very much tilting the odds to have a very positive surprise.

Last year's bipartisan vote for a multi-year extension of the federal Production Tax Credit (PTC) is likewise encouraging strong corporate interest in wind power.

«The industry's current flourishing is the result of the [Irish Film Board's] years of investment in Irish creative filmmaking talent, made possible through consistent government backing as well as Section 481 [Ireland's 32 % tax credit], which plays a crucial role in attracting inward production to Ireland.»

The BFCA's latest IRS Form 990 tax filing shows that Berlin Entertainment, Inc., a company 100 percent owned by Berlin, received $ 859,077 for production services in 2012, a jump from $ 376,270 listed on tax forms the previous year.

Production begins this year, and is set with an $ 18 million California production tProduction begins this year, and is set with an $ 18 million California production tproduction tax credit.

The Utah Film Commission, which provides networking and tax incentives to an industry that spent $ 66 million in the state in the last fiscal year, recently instituted a policy that mandates any film production using the commission's resources must have a workplace - harassment policy in place.

Production of the 2014 model year Prius Plug - in begins in October with pricing taking effect when these models arrive in showrooms in November.The Prius Plug - in qualifies for a Federal Tax Credit of up to $ 2,500 in addition to the State of California's Clean Vehicle Rebate Program (CVRP) which offers a $ 1,500 rebate.

Elise still works on a production line, earning $ 55,000 a year before tax.

* get the wind production tax credit stable on a 5 - 10 year basis (the latest proposal is yet one more 1 - year extension, leaving the industry in substantial uncertainty)

Meanwhile, the meager federal investment and production tax credits for solar and wind energy have not been renewed and are due to expire this year.

The idea that you could ever replace the rate of utilization of energy from fossil fuels, which has been estimated as consuming 400 years worth of photosynthesis per year, with a fraction of the annual photosynthetic harvest that does not impinge on food production is part of today's magical thinking, along with reducing deficits by cutting taxes while continuing to increase spending.

My recovery plan provides the incentives to double our nation's capacity to generate renewable energy over the next few years — extending the production tax credit, providing loan guarantees and offering grants to spur investment.

I'll also extend the Production Tax Credit for five years to encourage the production of renewable energy like wind power, solar power, and geothermProduction Tax Credit for five years to encourage the production of renewable energy like wind power, solar power, and geothermproduction of renewable energy like wind power, solar power, and geothermal energy.

The United States spends about $ 6 billion a year on federal support for ethanol production through tax credits, tariffs, and other programs.

Applauding the clean energy employment gains made in the US in the second quarter of the year, E2 also notes that the looming expiration of the federal production tax credit (PTC) is already dampening further gains in the wind power sector.

Of all the lame arguments used to sell Americans on the proposition that wind power, an industry propped up by Soviet - style production quota in 29 states and numerous other policy privileges, deserves another renewal of the 20 - year - old production tax credit (PTC), the lamest is the claim that the PTC helps protect us from extreme weather.

For example, renewable energy industry representatives have stated that the 2 - year extension of the production tax credit in the Energy Policy Act of 2005 does not provide sufficient certainty to stimulate investment.

One of the most remarkable pieces of legislation passed during the last few years was the extension of the Investment Tax Credit and the Production Tax Credit, subsidies that have underpinned the rapid spread of solar and wind power.

Last month, a big battle over the production tax credit (PTC) for wind ended with Congress granting a one - year extension.

The move comes as Romney, the former Massachusetts governor and presumed GOP presidential nominee, said he wouldn't extend a 20 - year - old, $ 12 billion production tax credit for the wind industry if he's elected, because it violates the principle of free market economics.

Uncertainty surrounding the extensions and modifications of the federal production tax credit (PTC) over the past several years led to large fluctuations in annual wind additions.

The tax credit package will extend the renewable energy production tax credit for one year and the investment tax credit for eight years.

In the U.S., Congress voted at the end of last year to extend the renewable electricity production tax credit (PTC), the U.S. market's main incentive mechanism, and to phase it out by the end of 2019.

With a renewal of the wind production tax credit, which is designed to establish parity with the subsidies for fossil fuels, growth could be even faster in the years ahead, creating thousands of new jobs.

Unlike last year, there's no «fiscal cliff» deal to get Congress to act at the last minute to renew the wind production tax credit.

A wind production tax credit, meanwhile, will give the wind power industry — the fastest growing energy sector in the world — about $ 5 million for each of the next two years.

If Congress renews the production tax credit for four years, wind power will probably reach 4 to 5 percent of the country's electricity supply by 2016, Mr. O'Sullivan said, up from 3 percent year to date.

Option 3 is attractive but unlikely because the wind production tax credit (PTC) is scheduled to remain in effect through 2019 and pay subsidies for at least 10 years beyond that for qualified projects.