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A03703 Summary:

BILL NOA03703
 
SAME ASNo Same As
 
SPONSORCorwin
 
COSPNSRGiglio, Kolb, Montesano, Raia, Tenney, McLaughlin, Hawley, Brabenec
 
MLTSPNSRBarclay, Blankenbush, Ceretto, Crouch, DiPietro, Duprey, Goodell, Johns, McDonough, McKevitt, Palmesano, Saladino, Stec
 
Add S107, Ec Dev L; add S187-t, 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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