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Economic developers raise concerns as lawmakers review bill limiting tax 'double-dip' for job-creation credits
Summary
Representative Larry Brewster told the Senate Tax Committee that House Bill 16 would prevent businesses from claiming both a job-creation tax credit and a tax deduction for the same employment increase.
Representative Larry Brewster presented House Bill 16 to the Senate Tax Committee as a cleanup measure from the interim revenue review of tax-credit statutes. Brewster said the bill clarifies that businesses may choose either the job-creation tax credit or a tax deduction for the same employees — they cannot claim both.
"For the most part, if you have a business with five employees and you add another five employees, you get a tax credit," Representative Larry Brewster said, describing the…
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