HB 617 Job creation tax credit.
Clarence E. Phillips | all patrons    ...    notes
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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. This legislation is modeled after North Carolina law.

Full text:
01/25/94  House: Presented and ordered printed  pdf

Status:
01/25/94  House: Presented and ordered printed
01/25/94  House: Referred to Committee on Finance
01/27/94  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