Introduced
by
To grant a $10,000 “carry forwardable” business tax credit for every new full time employee hired by a small business in 2010 and 2011 by a small business with less than $30 million in gross receipts and $10 million in earnings. “Carry forwardable” means the firm could use the credit to offset business tax liability for up to 10 years, if the credit exceeds how much tax the company owed for more than one year.
Referred to the Committee on Tax Policy
