Job Creation Tax Credits (JCTC)August 10, 2015
A $1,000-per-job tax credit to create new jobs in the state within three years.
Tax credits used to offset various business tax liabilities.
$1,000-per-job tax credit to approved businesses that agree to create jobs within three years. Twenty-five percent of the tax credits allocated each year must go to businesses with less than 100 employees.
Tax credits may not be utilized by a business until the jobs are actually created. Must create at least 25 new jobs or expand the existing workforce by at least 20 percent.