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A05605 Summary:

BILL NOA05605
 
SAME ASNo Same As
 
SPONSORNorris
 
COSPNSR
 
MLTSPNSR
 
Add 107, Ec Dev L; add 187-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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