Julius Melnitzer
The federal government’s recent budget confirmed its intention to proceed with the new stock option regime previously announced in its November 30, 2020, economic statement meaning the proposed changes will likely come into force on July 1, as planned.
As currently drafted, the changes impose an annual cap of $200,000 on employee stock options eligible for preferential treatment under the
Income Tax Act. But for the first time, tax deductions will be available to employers for option benefits actually realized by employees.
Under existing legislation, an employee who exercises an option realizes a taxable benefit equal to the difference between the option price and the price paid for the shares. In certain conditions, the employee can claim a deduction that results in a preferential tax rate that matches the rate applicable to capital gains.
The cast will include Jessy Carvalho, Kris Connelly, Steve Dooner, Annie Dunn, Declan Dunn, and Alex Norton, all of Weymouth; Tim Bevens, Annie Daly, Colin Daly, Dave Daly, Sara Daly, Sarah Dewey, Isabella Monti, and Elizabeth O’Neill, all of Hingham.
And also, Bonnie Gardner and Max Ripley of Rockland; Meghan Boutilier and Melissa Carubia of Abington; Christie Emerson and Christopher Spencer of Quincy; Jeff Foster of Boston; Jim Foster of Milton; Hana Bowker-Wickersham of Hanover; Renee O Neill of Kingston; and Chris DiOrio of Whitman.
While the Company Theatre’s mainstage has been closed for the past year, the company has been presenting live outdoor shows since last fall.
Affordable Housing Committee gets development road map (Courtesy photo)
Having identified two sites for affordable housing one on the site of the former Highway Department barn on South Ferry Road and the other on Manwaring Road the Community Housing Committee on Feb. 11 got a major shot in the arm from arguably the most knowledgeable housing expert on Long Island, Diana Weir.
Ms. Weir, currently Southampton’s Director of Housing and Community Development, has served a long tenure with Long Island Housing Partnership and for 30 years has been involved with housing issues.
Responding to an invitation from Shelter Island’s Community Housing Committee Chairman Mike Bebon, she not only spent two hours explaining how municipalities have launched efforts toward providing affordable housing, but promised to assist the committee in an ongoing role, providing guidance and materials to help the town move its program forward.
2 months ago
New RAIN RFID milestones underscore progress on expanding the Internet of Things by 1,000×
SEATTLE–(BUSINESS WIRE)–Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of RAIN RFID, today announced it has shipped more than 50 billion endpoint integrated circuits (ICs) and three million connectivity ICs and devices, extending the Internet to everyday “things” such as apparel, pallets, cases, pharmaceuticals, automotive parts, and luggage. This achievement reflects the adoption of the Impinj platform for digital transformation across diverse markets including retail, supply chain and logistics, healthcare, automotive, and air transportation.
Founded in 2000, Impinj announced the shipment of its first 25 billion endpoint ICs in 2018. Since then, the company has focused on expanding its product line and partner base, reaching the 50 billion milestone in just over 2 years highlighting the opportunity available for RAIN RFID and