2010 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: McWaters
Major Busines Facility Job Tax Credit (language only)

Item 0 #4s

Item 0 #4s


Page 1, line 26, strike "$14,451,432,415" and "$15,181,414,575" and "$29,632,846,990" and insert "$14,445,932,415" and "$15,175,914,575" and "$29,621,846,990"

(This amendment reflects a preliminary estimate of the GF revenue loss of $5.5 million per year from proposed legislation that would increase the amount of the Major Business Facility Job Tax Credit from $1,000 to $2,000 for each qualifying new job and would lower the threshold from 50 new jobs to 25 new jobs in an economically distressed area or enterprise zone and from 100 jobs to 50 jobs in other areas of the Commonwealth. The revenue impact will be updated once an official fiscal impact statement has been issued by the Tax Department.)