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Rhode Island Tax Code: What Manufacturers Don’t Know but Should

In July of last year, the Rhode Island legislature enacted a change to the Rhode Island tax code regarding the state’s version of the federal Section 179 deduction.  We’d hoped this change would increase the limit of the deduction, from $25,000 to the federal limit, at the time of $500,000.[i]  However, the federal tax code reverted to its original Section 179 deduction limit of $25,000 at the beginning of 2014; essentially making the change to the Rhode Island tax code moot.[ii]

Government Incentives

The Implications of RoHS and REACH Updates

Electrical products and medical devices which are manufactured in the United States, and sold in the EU may be significantly impacted by recent updates to two sets of regulations:

  • RoHS, the Restrictions of Hazardous Substance Directive, and
  • REACH, the Registration, Evaluation, and Authorization of Chemicals.
Industry Regulations

Are You Ready for January 1st, 2014? The next deadline for permits for 527 CMR 33 is approaching at the end of the year.

Update in effect as of January 1, 2015: The requirements for hazardous material processing (previously known as 527 CMR 33) are now listed under 527 CMR 1.00:60.  The full regulation has been carried over in the new revision.

As we discussed in the last edition of the SPEC Report, Massachusetts has enacted a new regulation (527 CMR 33) that requires a permit to process hazardous materials.  While those in Category 4 should have completed their permit applications for the June 1stdeadline, the next deadline for Categories 3 and 2 is approaching at the end of year.

Industry Regulations

Quantitative Risk Analysis – How to Prevent Incidents like the Explosion in West, Texas

The recent incident in Texas has prompted us to think about understanding the risks associated with operating a facility handling hazardous materials, and how to prevent these types of incidents.  (Current estimates reveal that the facility contained as much as 54,000 pounds of toxic anhydrous ammonia, and reported to the Texas State Health Services Department that it possessed 270 tons of ammonium nitrate.)[1]

Industry Regulations

Industrial Real Estate – the Importance of Local Communities

In several blog posts, we have discussed the importance of a variety of factors when purchasing or leasing industrial real estate.  Previous posts focused on topics like code requirements and the appropriateness of the building for industrial use, such as multi-tenancy, zoning restrictions, etc.  However, another significant factor in evaluating industrial real estate is the local community. The experience of a local company, while trying to relocate, highlights the challenges and pitfalls of heavy industry companies trying to relocate in facilities in a new community.

Industrial Real Estate