Legislation

Title: Economic Development - Job Creation Incentive Tax Credit
Sponsored by: Senators Klausmeier, Benson, Brochin, Colburn, Ferguson, Forehand, Garagiola, Jacobs, Kittleman, Madaleno, and Middleton
Status: In the Senate - Hearing 3/06 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a credit against the State income tax for wages paid by a qualified business entity for the creation of qualified positions; requiring the Department of Business and Economic Development to provide for the application and authorization of a certain amount of credits each year; providing for the calculation of the credit; establishing a specified Reserve Fund as a special fund; specifying the purpose of the Fund; requiring the Governor to appropriate at least $10,000,000 to the Fund in FY 2015 and FY 2016; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:

Details

Bill File Type: Regular

Effective Date(s): July 1, 2013

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/01/2013 Legislative Date 2/01/2013 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/13/2013 Legislative Date 2/13/2013 Action Hearing 3/06 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/01/2013	2/01/2013	First Reading Budget and Taxation
Senate	2/13/2013	2/13/2013	Hearing 3/06 at 1:00 p.m.

Documents

Date Posted	Document Name
2/05/2013	Text - First - Economic Development - Job Creation Incentive Tax Credit

File Code

Subjects

Statutes