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1995 SESSION

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HB 1365 Job creation tax credit.

Introduced by: W. Roscoe Reynolds | 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 high stress or above average stress city or county. The credit is taken in the year following the year the job is created. A taxpayer is eligible for the credit if he is engaged in warehousing or distribution, 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. This legislation is modeled after North Carolina law.

FULL TEXT

• 01/25/94  House: Presented and ordered printed  pdf

HISTORY

• 01/25/94  House: Presented and ordered printed
• 01/25/94  House: Referred to Committee on Finance
• 02/02/94  House: Assigned to Finance sub-committee: 2
• 02/15/94  House: Continued to 1995 in Finance (19-Y 0-N)
• 12/20/94  House: No action taken by Finance by voice vote