Legislation
- Title
- Economic Development - Job Creation Tax Credit - Alteration
- Sponsored by
- Senator Madaleno (By Request - Tax Credit Evaluation Committee) and Senators Kasemeyer, Currie, DeGrange, Eckardt, Edwards, Ferguson, Guzzone, King, Manno, McFadden, Peters, and Serafini
- Status
- Approved by the Governor - Chapter 489
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Altering the definitions of "qualified position" and "State priority funding area" for purposes of the job creation tax credit program; requiring the Department of Commerce to certify the amount of the tax credit for which a qualified business entity is eligible; altering the calculation of the credits earned under the program; prohibiting the Department from certifying tax credits in a taxable year in excess of $4,000,000; applying the Act to job creation tax credits certified after December 31, 2017; etc.
Committees
- Opposite:
- Ways and Means Click to view Recorded Media
Details
History
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Statutes
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(
6-301, 6-303, 6-304, 6-305, 6-307, 6-309 )
Last Updated: 2/3/2020 2:35 PM