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A00498 Summary:

BILL NO    A00498 

SAME AS    SAME AS S01237

SPONSOR    Gantt

COSPNSR    

MLTSPNSR   

Amd SS210-B & 606, Tax L

Provides a 50% tax credit for new income tax revenue generated by a new
employee; provides credit may be taken up to 10 years; provides that the
Department of Economic Development must monitor and certify the additional
employment for any business which applies for the credit; provides any company
taking the credit must maintain employment in the state for twice the number of
years as the term of the tax credit; provides the Department of Economic
Development shall annually report to the governor and the Legislature on the
number and amounts of credits.
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