A04417Introduced in the Assembly
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Introduced by Paul Bologna, District 144
What does this bill do?
Plain-English breakdown
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Official description
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Where it stands
referred to economic development
January 7, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
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Bill history
referred to economic development
referred to economic development
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