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1995 SESSION

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HB 2512 Business facility job tax credits.

Introduced by: Franklin P. Hall | all patrons    ...    notes | add to my profiles

SUMMARY:

Business facility tax credits. Allows enterprises engaged in any type of business to qualify for business facility job tax credits. The job tax credit program provides firms that create new full-time jobs with a tax credit of $1,000 for each new full-time job. Currently the tax credits are available only to firms primarily engaged in the business of manufacturing, mining, agriculture, forestry, fishing, transportation, or communications, and to certain public utilities, and such credits. This measure also eliminates the restriction in the current program that makes the credits available only for each job created in excess of a threshold amount of 100 jobs at “major” business facilities.


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