Accounting & Tax
State & Local Tax (SALT): real opportunities from recent company news
kelvy reads company news and scores each event against the services a State & Local Tax (SALT) practice sells. These are real events from a sample of public companies, scored 4 or 5 out of 5.
- 5Eli Lilly and Company· Drug Manufacturers - General2 days ago
Eli Lilly Breaks Ground on Houston Manufacturing Site
Eli Lilly broke ground on a manufacturing site in Houston. The facility is one of ten U.S. manufacturing sites the company has announced since 2020.
Credits & Incentives Negotiation
Texas tax commitments need compliance tracking as Houston hiring ramps
A new manufacturing site triggers job-creation and capex commitments tied to state/local tax breaks, so Lilly must document and meet compliance deadlines to avoid clawbacks.
- 5Ford Motor Company· Auto - Manufacturers15 days ago
Ford to Invest $1B in New Paint Shop at Kentucky Truck Plant
Ford Motor announced Thursday a $1 billion investment to build a new paint shop at its Kentucky Truck Plant, which Ford has called its most important and profitable plant globally. The plant produces the automaker's large F-250 to F-550 Super Duty trucks and Ford Expedition and Lincoln Navigator SUVs.
Indirect Tax Recovery / Reverse Audit
Finance must reconcile equipment invoices for the $1B Kentucky paint shop before tax filings close
A $1B paint shop build will generate significant equipment and construction purchases, and sales/use tax overpayments on those purchases can be recovered through a reverse audit.
- 5Eli Lilly and Company· Drug Manufacturers - General2 months ago
Eli Lilly Advances $6.5B Houston Drug-Manufacturing Plant Expansion
Eli Lilly is moving forward with a $6.5 billion manufacturing plant in Houston, signaling continued scale-up of its U.S. biopharma production footprint. The investment is likely to create new opportunities for vendors and service providers across construction, engineering, GMP compliance, and downstream supply-chain and tax advisory needs tied to major capital projects.
Credits & Incentives Negotiation
Lilly must assess Houston project incentives before major construction commitments are finalized
The Houston plant represents a major facility investment, and incentive terms can affect the project’s state and local tax economics.
- 4Ford Motor Company· Auto - Manufacturers15 days ago
Ford to invest in Louisville, Kentucky truck plant for Fathom EV truck
Ford Motor Co. is upgrading its Louisville, Kentucky truck plant to prepare for production of a new Fathom EV truck. The source headline cites a $1 billion investment, while the linked Fox Business video headline describes a $2 billion makeover; no additional timing or production details were provided.
Indirect Tax Recovery / Reverse Audit
Ford’s finance team should review Louisville plant purchases for recoverable sales tax
The plant upgrade involves substantial equipment and construction purchases that may contain recoverable sales tax.