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Senate Finance reviews strike‑all to S312 adding refundable credit tied to job creation
Summary
Committee reviewed a strike‑all amendment to S312 that extends a sunset to 2037 and allows a limited refundable tax credit tied to full‑time equivalent job creation (capped at $500,000 annually and $25,000 per qualifying new FTE above program targets); members raised verification and loophole concerns.
Senate Finance considered a strike‑all amendment to S312 that would change the refundable nature and eligibility of a corporate tax credit and extend the credit sunset to 2037.
Committee staff described the new refundable option: a taxpayer in an approved and active incentive award period could receive a refundable portion of the credit…
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