Maryland Gov. Larry Hogan (R) on Wednesday proposed expanding a state tax break for manufacturers that create new jobs, calling for lawmakers to extend the credits to more industries and jurisdictions.
Hogan’s plan, which he will introduce during the 2018 legislative session, builds upon a measure he signed this year to boost employment in the state.
The existing program provides manufacturing businesses in eight high-unemployment jurisdictions with relief from state sales taxes, along with property and income taxes, if they add at least five jobs and provide workers with skills training. Manufacturers in four other counties qualify solely for income-tax credits if they create at least 10 jobs.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
2 comments:
I think Hogan should give the break to residents since our wages have been stagnant for the last decade while companies are posting record profits and getting breaks out the whazoo
Creating jobs is one thing, however finding people actually willing to get off their ass and work those jobs may be something else altogether.
Post a Comment