Job Creation Tax Credits

Provides a $1,000 tax credit/job to approved businesses that agree to create or preserve new jobs in the Commonwealth within three years. A business must agree to create at least 25 new jobs or new jobs equaling at least 20% of the existing work force. Twenty-five per cent of the tax credits allocated each year must go to businesses with fewer than 26 employees. The tax credits may not be utilized by a business until the jobs are actually created. Funding is competitive and is offered through the Governor’s Action Team.

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