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1995 SESSION

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HB 2065 Job creation tax credit.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY:

Job creation tax credit. Provides to qualified taxpayers employing at least nine persons an income tax credit of $2,800 for each additional full-time job created in a severely distressed city or county, as designated by the Secretary of Finance. The credit is taken in equal installments over four years. A taxpayer is eligible for the credit if he is engaged in the manufacturing of goods or in industrial activities such as the processing of foods, raw materials, chemicals and process agents, goods in process, or finished goods. The credit is only available for five years. This legislation is modeled after North Carolina law.

FULL TEXT

• 01/23/95  House: Presented & ordered printed LD6460400  pdf

HISTORY

• 01/23/95  House: Presented & ordered printed LD6460400
• 01/23/95  House: Referred to Committee on Finance
• 01/26/95  House: Assigned to Finance sub-committee: 1
• 02/08/95  House: No action taken by Finance by voice vote