Menzies
MARCH 6, 2024
GREEN TECH There is a general move to a higher skilled, higher wage economy and support for research and manufacturing of future vehicles which could impact the T&L sector. Business owners will be stuck between taking a cut on margins, stretching current resources further, or will experience a rise in prices.
Withum
JULY 26, 2023
No credit is allowed unless all the components contained in the battery were manufactured or assembled in North America. billion in 2031. Without any expansion, the TCJA child tax credit in 2031 was estimated by the CBO to cost $43 billion in 2031, or almost five times less than the expanded child tax credit.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Withum
JUNE 8, 2022
These new excise taxes are set to expire 8½ years after they kick in ( i.e., on December 31, 2031), and they are expected to generate about $14 billion of revenue. The new excise taxes are imposed on manufacturers or importers of the listed chemicals, and the tax becomes due upon the first sale or use in the United States.
ThomsonReuters
AUGUST 9, 2022
In fact, companies that export products comprised of taxable chemicals or substances are entitled to a refund if they paid prior to manufacturing. For chemicals, the “taxable event” is the sale or use by the manufacturer, producer, or importer of the chemical, and the tax is due in the U.S. upon the first use or sale.
ThomsonReuters
MARCH 10, 2022
Under current law, the EV tax credit does not expire, but it begins to phase out once a manufacturer has sold 200,000 EVs, described as a per-manufacturer cumulative unit sales limitation. In both BBB versions, this credit was set to increase to a lifetime maximum of $1,200 and extend through 2031. 30D(g)(1)(A) for reference).
Going Concern
APRIL 19, 2024
Government Deloitte Secures Potential $100M Navy OTA for Digital Manufacturing Data Vault [ GovCon Wire ] Deloitte Consulting will provide advanced manufacturing support and enterprisewide digital manufacturing data vault capabilities and services under a potential seven-year, $99.8 federal subsidiary.
Withum
AUGUST 11, 2022
The newly reinstated excise tax is set to expire on December 31, 2031, and is estimated to generate approximately $14.4 A company will generally be assessed the Superfund Excise Tax if they import, manufacture, or produce a listed §4661 chemical in the United States intended for consumption, use, or warehousing. billion of revenue.
Expert insights. Personalized for you.
52 
Let's personalize your content