International services credit

From the 2024 DOR Tax Exemption Study

82.04.44525 - International services credit Description Businesses providing international services and located in an eligible geographical area may receive a B&O tax credit of up to $3,000 per year for each new job created. An eligible geographical area is a community empowerment zone (CEZ) or a city (or a group of neighboring cities) with a population of at least 80,000 having the same characteristics as a CEZ. Eligible international services included the following services: - Computer. - Legal. - Accounting and tax preparation. - Engineering. - Architectural. - Business consulting. - Business management. - Public relations and advertising. - Surveying. - Geological consulting. - Real estate appraisal. - Financial. Purpose Attracts and retains businesses creating jobs and providing services to international customers. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this credit would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 $0.000 $0.000 $0.000 Assump