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2019 SESSION

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HB 2776 Income tax, state; modification for certain companies, grants, Page County.

Introduced by: C. Todd Gilbert | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; modification for certain companies; grants; Page County. Adds Page County to the list of qualified localities in which a company may invest to become eligible for income tax modification. Under current law, a company is eligible for such modification if, among other things, it either (i) invests at least $5 million in new capital investment in a qualified locality and creates at least 10 jobs paying at least 150 percent of the minimum wage in a qualified locality or (ii) creates at least 50 jobs paying at least 150 percent of the minimum wage in a qualified locality. This bill is identical to SB 1428.


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