BILL NO | A03863 |
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SAME AS | No Same As |
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SPONSOR | Norris |
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COSPNSR | DeStefano, Giglio JM, Morinello, Brabenec, Lemondes |
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MLTSPNSR | |
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Add §107, Ec Dev L; add §187-q, 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. |