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1999 SESSION
HB 2237 Business facility job tax credit
Introduced by: Joe T. May | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Economic development; rebate of income taxes to localities. Provides that localities which have businesses qualifying for the business facility job tax credit will receive from the state a 20 percent rebate of the personal income tax earned as a result of the jobs created by the qualifying businesses. The rebate will be paid to the locality in which the employee resides.
SUMMARY AS INTRODUCED:
Economic development; rebate of income taxes to localities. Provides that localities which have businesses qualifying for the business facility job tax credit will receive from the state a 20 percent rebate of the personal income tax earned as a result of the jobs created by the qualifying businesses.