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Senate hears targeted aerospace and aviation tax credits to boost hiring, training in Duluth area
Summary
Senate File 519 would create a three-part tax credit package to attract and retain aerospace and aviation workers, including a $5,000-per-year employee hiring credit and employer tuition and compensation credits.
Senate File 519, presented Feb. 5 by Senator Hauschild, would create a package of targeted tax credits to support aerospace and aviation employers and new hires. The bill includes (1) an employee credit equal to $5,000 per year for the first five consecutive years of employment for newly hired, qualified employees; (2) an employer tuition reimbursement credit equal to 50% of tuition reimbursed to a qualified employee (nonrefundable); and (3) an employer compensation credit equal to…
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