BILL NO | A04406 |
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SAME AS | No same as |
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SPONSOR | Corwin (MS) |
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COSPNSR | Giglio, Kolb, Montesano, Raia, Tenney, McLaughlin, Palmesano |
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MLTSPNSR | Barclay, Ceretto, Crouch, Duprey, Goodell, Johns, McDonough, McKevitt, Saladino, Stec |
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Add S107, Ec Dev L; add S187-s, Tax L |
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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. |