MIN TAX: State Tax Credits |
 |
What We Do |
Min Tax Performance: comprehensive analysis of a company to uncover unrealized tax and incentive potential based on:
Min Tax goal: maximize economic incentive opportunities working with:
Min Tax differentiator: turnkey service from incentive identification and negotiation to administration, compliance and delivery. |
|||||||||||||||
How We Can Meet Your Business' Tax Needs |
|
|
|
 |
Incentive Packages - Statutory Incentives, Incentive Negotiations, State Tax Incentives | |
|
Site Selection - Office, Sales & Industrial Facilities, Information & Call Centers, and National, International & Regional Headquarters | |
|
|
Tax Planning - Sales & Use Tax, Sellable Tax Credits & Net Operating Losses, Tax Increment Financing |
|
New Hires, Wage/Employment Credits |
||
|
Federal and State Regulations, Internal Policies & Procedures, Customized Training Grants | |
Research and Development Analysis |
||
|
Location, Location, Location | |
|
Industry Options | |
|
Strategic Planning | |
Unique Industry and Business Tax Incentive Opportunities |
|
Employee Tax Credits |
|
Wage Subsidies |
|
Cash Grants |
|
Employee Training Grants |
|
Property Tax Abatements |
|
Sales and Use Tax Exemptions |
|
Utility Rate Reductions |
|
Subsidized Land |
|
Infrastructure Grants (Water/Sewer/Road/Telecom) |
|
Enterprise Zones (EZ) and Foreign Trade Zones (FTZ) |
|
Low-Cost and/or Tax-Exempt Financing |
|
Tax Increment Financing (TIF) |
|
Inventory Tax Reduction |
|
Fast-Track Permitting, Approvals and Fee Waivers |
Act Early to Recover Your Business Maximum Incentive Opportunities |
What Can Go Wrong Without Min Tax |
Failure to File Timely Application and Compliance Reports |
|||
|
Potential forfeit or loss of incentive "scenarios" | ||
|
|||
|
Clawback provisions, restrictive contract terms | ||
|
|||
|
Underutilized incentives | ||
|
Recapture of funds | ||
|
|||
|
New hires or training needed to complete administration | ||
|
Min Tax stores all documentation | ||
|
|||
|
Employee information may not remain confidential | ||
Our Tax Incentive Administration Expertise |
Experience |
|
|
We provide administration for hundreds of the Fortune 1000®. |
|
|
|
FACT - up to 50% of incentive packages issued go unclaimed due to lack of in-house administration. |
|
|
|
We know the Sarbanes Oxley (SOX) requirements that companies must adhere to for reporting tax credit and incentive savings. |
|
|
|
No extra headcount needed: We coordinate with your internal departments to ensure timely filings. |
The Incentive Process |
|
|
|
|
|||
Min Tax will:• Gather project information • Benchmark past state(s) • projects. • Prepare analysis • Estimate total incentive benefits |
Min Tax will:• Prepare pro-formas to • quantity incentive benefits • Identify issues to maximize • credits and incentives. • Develop business case • Develop negotiation approach |
Min Tax will:• Schedule and attend • meetings with state and • local economic • development (ED) officials. • Maintain contact with ED officials • Obtain written offer letters • Review & revise offer letters • Maintain strict confidentiality |
Min Tax will:• Prepare applications & documentation • Coordinate final approvals • Prepare project • management system • Provide training among • client departments • Prepare annual & quarterly reports, claim forms & documentation |
|||
For more info, contact
F. Reaves
the Arizona Department of Real Estate