Income tax, corporate; Renewable Energy Job Creation tax credit. (HB268)

Introduced By

Del. David Englin (D-Alexandria)

Description

Income tax; Renewable Energy Job Creation tax credit.  Provides an income tax credit to corporations for each "Renewable Energy Job" created and filled. The amount of the credit for each such job is (i) two percent of each salary that is less than $50,000 a year, and (ii) $1,000 for each salary of $50,000 and more a year. A Renewable Energy Job is employment in an industry related to renewable alternative energies. The credit is available for taxable years beginning on or after January 1, 2010, but before January 1, 2015.   View Full Text »

Outcome

1 vote