Taxpayers may also find a deduction more advantageous if their qualified startup costs are less than the maximum amount of $1,000 allowed under the credit and/or their general business credit is limited by the other general business credits under Sec.
45E, a qualifying small employer may take a general business credit of 50% of up to $1,000 of qualified startup costs paid or incurred in the first credit year and each of the immediately following two tax years.
A total of BGN 71 M are available for business credits
from Bulgarian banks under a credit line provided by the Bulgarian Development Bank (BDB).
The authors also explore the implications of these findings for a number of research and public policy issues concerning bank size and industry consolidation, bank competition and appropriate antitrust market definitions, the development of secondary markets for small business credits
, and the proliferation of SBCS technology.
commercial banks are increasingly using credit scoring models to underwrite small business credits
. This paper discusses this technology, evaluates the research findings on the effects of this technology on small business credit
availability, and links these findings to a number of research and public policy issues.
55 requires that AMT (i.e., the excess of TMT over regular tax) be computed and added to the taxpayer's liability before consideration of general business credits
, such as the targeted jobs credit.
* ESBs may carry back general business credits
("ESB credits") five years rather than one and may use them to offset their alternative minimum tax (AMT) liability.
Many attractive business credits
are available to employers, such as the welfare-to-work credit, work opportunity credit, FICA tip credit, empowerment zone credit and employer-provided childcare credit.
108(b)(2) requires a reduction of the debtor's tax attributes in the following order: (1) net operating losses (NOLs); (2) general business credits
; (3) minimum tax credits; (4) capital loss carryovers; (5) basis in assets; (6) passive activity losses and credit carryovers; and (7) foreign tax credit carryovers.
The credit is treated as a general business credit
and is subject to the annual tax liability limitations for other business credits
38 business credit
carryovers to offset any BIG tax incurred.