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A04406 Summary:

BILL NOA04406
 
SAME ASNo same as
 
SPONSORCorwin (MS)
 
COSPNSRGiglio, Kolb, Montesano, Raia, Tenney, McLaughlin, Palmesano
 
MLTSPNSRBarclay, Ceretto, Crouch, Duprey, Goodell, Johns, McDonough, McKevitt, Saladino, Stec
 
Add S107, Ec Dev L; add S187-s, Tax L
 
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
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