For example, Chattanooga Gas Company, Piedmont Natural Gas Company, and Tennessee American Water Company (see below) all passed along tax reform savings to their customers. "It brings a little density to that area, but it will be very thoughtfully done.". Washington… Happy State Bank (Happy, Texas) -- base wage raised; salary increases; bonuses; increased retirement contributions: In its board meeting yesterday, January 23, the Board of Directors of Happy State Bank voted unanimously for a significant wage and benefit increase for employees of the company as a direct result of the new tax reform legislation. T.J. Maxx – 70 stores in Texas – Tax reform bonuses, retirement plan contributions, parental leave, enhanced vacation benefits, and increased charitable donations: “The 2017 Tax Act benefited the Company in the fourth quarter and full year Fiscal 2018. "That's not just Bethlehem, if you look at Allentown and Easton, too.". TCW Inc. (Nashville, Tennessee) - Purchasing new equipment, increasing wages, growing health insurance plans: So the fact that we were able to depreciate that equipment we had $1.2 million reduction in our tax bill…we took that 1.2 and invested in wages for our drivers about $3,000 per driver per year that they got as a result of that. -- Jan. 24 2018, MyHighPlains.com article excerpt. Washington's carbon tax initiative was billed as a bipartisan approach to curbing carbon emissions. Washington state voters have soundly rejected a carbon tax, Initiative 1631. “We wanted to create a durable wow effect,” Sweeney said. Low-interest loans offered by the state also are being pursued. The future is very bright for Pennsylvania.” – Jan. 30 2018, Sundance Vacations press release. "We've been waiting a long time to see redevelopment at the Boyd," city Director of Community and Economic Development Alicia Miller Karner said. In 2019, the nonpartisan Congressional Budget Office estimated that a nationwide $15 minimum wage would cost at least 1.3 million American jobs, and could cost as many as 3.7 million at the high end. It has partnered with Longfellow Real Estate Partners of Boston on that project. For the second time in two years, Washington State voters rejected a proposal to tax carbon dioxide emissions. "I think there is a tremendous demand for apartments in the downtown," Donchez said. Almo Corporation (Philadelphia, Pennsylvania) – $1,000 incremental bonus, capital improvement, and purchasing a new operating system: Almo, the Philadelphia-based appliance, CE, housewares and pro A/V distributor, is investing its savings from the Trump administration’s new tax legislation in its employees and infrastructure. April 17, 2018 International Franchise Association report. Like many corporations, the company was expected to benefit from the new tax code that President Donald Trump signed into law in December. A $15 minimum wage has repeatedly failed at the state level. - July 29, 2018, Tennessean article excerpt. The effect will be similar to the animation in the 2017 Vincent Van Gogh biographical film Loving Vincent, in which “they take all the figures in his artwork, and they bring it to life,” he said. Washington (engl. Connect Outdoors, Inc. (Johnson City, Tennessee) -- An outdoor technology and analytics business is moving to the city and will be located in an Opportunity Zone created by the Tax Cuts and Jobs Act: Connect Outdoors, Inc. – Johnson City – $1 million. She welcomes the federal tax changes because she expects them to translate to savings she can pump back into spending for new equipment and at least two more employees. The 2017 tax relief allowed the business to immediately hire three distillers, Grelli said. Congress has already provided trillions of dollars to individuals, small businesses, hospitals, and state and local governments, including the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act and the recently passed $900 billion relief bill attached to the December government funding bill. -- November 22, 2019 DonFenley.Com article. While those benefits are attractive, Sweeney said one of the biggest lures is its proximity to 30th Street Station. In Washington state, officials have wrestled with plans to curb pollution for years. We must do better for the people of Washington state.” According to the Puget Sound Regional Transportation Fuels Analysis Final Report from September 2019, the new program could: Voters in Washington state on Tuesday rejected a proposed carbon tax that would have been the first such levy in the nation. – February 6, 2018, Tennessee Public Utility Commission Report excerpt. The tower, on the northeast corner, would rise beside Blumenfeld’s Mural Lofts apartments, formerly the Thaddeus Stevens School, which is known for the Common Threads mural painted on its side. The 300-unit apartment complex is a fresh example of newcomer money flowing into some of Nashville's lower-income urban areas. African American and Hispanic Americans saw their median income hit record levels. As we celebrate the holiday season and prepare to close out another year of growth at American Bank, the Board of Directors and senior management want to give back to our team members who are directly responsible for our success.”, Mr. Jaindl continued, “We expect the actions taken by Congress and the President will have a material positive impact on growth throughout the country. "We are pleased to see Seokoh further grow its operations.". This includes approximately $300 million in strategic investments to build our capabilities, our people skills and our brands; more than $800 million in capital expenditures to improve quality, safety and capacity; as well as $1.3 billion to pre-fund our post-retirement benefit plans.” – Feb. 16 Kraft Heinz statement by David Knopf, CFO. “We decided to keep this a tightly-guarded secret to make it more fun and impactful,” said Debbie McKee-Fowler, executive vice president. -- November 6, 2019 Nashville Business Journal article. "The public wants to act on climate change, but it wants to have a policy that cuts pollution and invests in clean energy solutions," said Greg Small, executive director of Climate Solutions, which didn't support I-732. Corporation (Pittsburgh, Pennsylvania) – extra 401(k) contributions to employees totaling $1 million; base wage raised to $15 per hour; increased charitable donations: F.N.B. Congressman Barletta commented, “The results have been clear that our tax plan will provide more opportunity for all Americans. "I think that block has a lot of potential," the mayor said. Washington state voters are poised to enact the country's first carbon tax, unless a group of environmentalists manages to kill it. The opportunity zone designation gives developers of commercial and residential projects breaks on capital gains taxes for investing in economically disadvantaged areas. Note: If you know of other Tennessee examples, please email John Kartch at jkartch@atr.org, Posted by Tom Hebert on Friday, January 15th, 2021, 11:30 AM Atlas Real Estate Partners  (Nashville, Tennessee) -- The real estate company is building a mixed-use space which will include apartments, retail, and office space, located in an Opportunity Zone created by the Tax Cuts and Jobs Act: Details are emerging regarding a mixed-use project two local real estate investors and developers are planning for Wedgewood-Houston, with the three-building development to include 314 residential units and 25,000 square feet of retail and/or office space. Apple (Apple store locations in Nashville, Knoxville, Franklin, Germantown) -- $2,500 employee bonuses in the form of restricted stock units; Nationwide, $30 billion in additional capital expenditures over five years; 20,000 new employees will be hired; increased support of coding education and science, technology, engineering, arts, and math; increased support for U.S. manufacturing. (Washington state rejected a straight carbon tax in 2016; the money it raised was supposed to go back to taxpayers as rebates.) In Washington state, carbon taxation is the idea that’s not going away. Eastman Chemical (Kingsport, Tennessee) - Investing in innovation programs, increased capital expenditures to expand manufacturing: Kingsport, Tenn.-based Eastman Chemical said it was investing savings in research and development, innovation programs and capital projects to expand manufacturing. Maybe Blue States Won’t Take Serious Action on Climate Change Robinson Meyer. Additionally, the PUC will consider the effects of federal tax reform on seven other public utilities as part of the investigations for rate cases which have already been filed or are expected to be filed by Aug. 1, 2018. Dollywood (Pigeon Forge, Tennessee) – $500 bonuses to employees: As Uncle Sam takes his cut today on those still filing their 2017 taxes, nearly 1,200 employees of Dollywood in Pigeon Forge, Tenn., are getting a tax-induced bonus today based upon cuts in the 2018 tax rate for the amusement park near the Great Smoky Mountains. “Investing in our employees allows us to attract and retain top talent, which directly correlates to sound operating and financial performance and a better return for our shareholders.” – February 14, 2018, Cadence Bancorporation press release excerpt. If this tax relief went away and our taxes did go up 400%, we couldn’t grow our labor force in the same way. Blumenfeld said Wednesday that he was close to finalizing a deal with investors in the $160 million project who will be taking advantage of the Broad and Spring Garden Street site’s location in an “opportunity zone” under the 2017 tax bill. Some employees were puzzled when members of the Payroll Department showed up to help pass out T-shirts, but in general the secret was well-kept and well-guarded, said officials. It is looking for two more, he said. Comments ranged from, “I had some unexpected things happen last week that had me strapped; this will help a lot.” To simply, “Thank you.”– April 12, 2018 Chattanoogan.com news article excerpt. It is mean to encourage urban investment outside of city centers. And we’d have to be much more careful about how we hired, because it is such a risk.” -- February 1, 2020 Pittsburgh Tribune-Review article. Velia Bojorquez, manager of the North Guadalupe Street store, said the company had mentioned the bonuses would be coming but didn’t give an exact date of when workers could expect them. In fact, even before the last $900 billion package, lawmakers had provided states and localities with 17 times their 2020 revenue loss and double their expected 2020 and 2021 loss, according to the Heritage Foundation. NexTier will also make adjustments to the wages of hourly employees throughout the year. Customers Bank (Wyomissing, Pennsylvania) – increased charitable contributions of $1 million: Customers Bank will also increase its charitable giving by $1 million in 2018, and will continue to invest in its talent, who all already earn at least $15 per hour – a rarity in banking. This station is part of Cox Media Group Television. "The burden would be on those who can least afford it," said Rebecca Saldana, executive director for Puget Sound Sage, part of a coalition that has been working on a parallel effort in the state. – April 17 2018, Times Free Press article excerpt. -- May 30, 2019 Philadelphia Inquirer article. ", Ozone Capital Management, LLC. Nationally, 8,000 new retail jobs; an additional wage increase this year, totaling approximately $120 million in wage increases, increased sick time benefits and parental leave. "It makes a good deal better. -- May 30, 2019 press release. Turner's project is in an Opportunity Zone, meaning it can provide tax benefits to investors. 2,420,850 Tennessee households are benefiting from the TCJA’s doubling of the standard deduction. But will soon be home to Custom Container solutions, a used truck and truck parts,... Zip plus four, or use the map to find the rate of inflation until the tax for... 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