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2018 Regular Session



Job Reinvestment Act of 2018

Sponsored by:

Senator Zucker


In the House - Hearing 3/28 at 1:00 p.m.

Synopsis:Allowing a credit against the State income tax for certain small business entities located in an enterprise zone or a Regional Institution Strategic Enterprise (RISE) zone; allowing a small business to qualify for the credit if the business hired and retained at least one new employee for at least 6 months; allowing a small business to apply the credit for each employee who is hired that results in a net increase in the number of employees hired and retained by the business; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Zucker, Ferguson, Benson, DeGrange, Feldman, Guzzone, Jennings, Kasemeyer, King, Miller, Oaks, Peters, Robinson, Serafini, Simonaire, and Smith
Additional Facts:Cross-filed with: HB1208
Bill File Type: Regular
Effective Date(s): June 1, 2018, July 1, 2018
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Economic and Community Development
Taxes - Income
Taxes - Property - Local
Narrow Subject(s):Enterprise Zones
Income Tax
Property Tax
Small Business
Tax Credits
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Economic Development
(5-1406, 5-707)
Article - Tax - General
Article - Tax - Property

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March 28, 2018 4:19 P.M.