Category: State

Investment/New Jobs Tax Credit Package

This tax credit provides growing manufacturers with a substantial tax credit based on either an investment in depreciable property or on the addition of full-time-equivalent employees engaged in manufacturing, processing or aircraft maintenance.

• Choice of tax credit based on investment or new employees.
• Five-year state tax credit on the greater of 1% per year of investment in new depreciable property, or $500 per new job.
• Credit doubles to 2% or $1,000 per employee in Enterprise Zones, or for investments of $40 million.
• Minimum investment of $50,000.
• May be combined with Quality Jobs under certain circumstances.