Provides for a job creation tax credit
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2019
Committee Review
Floor Vote
Governor
Introduced Jan 24, 2019
Last action Jul 14, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Jan 8, 2020
Assembly · Referred to committee
REFERRED TO WAYS AND MEANS
Jan 24, 2019
Assembly · Referred to committee
REFERRED TO WAYS AND MEANS
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
DG
David Gantt
DDemocratic
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