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INCENTIVE DESCRIPTION
| State: | TX |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | Jobs Credits |
| Description: | JOB CREATION CREDIT Companies that create jobs in strategic investment area (SIA) counties may qualify for a job creation credit equal to five percent of the wages paid to workers holding those jobs. The credit is five percent a year for five years beginning with the year the jobs are created. The credit is limited to 50 percent of the firm's tax liability in the year that credits are claimed. Unclaimed credits may be carried forward for a maximum of five years. As of January 1, 2008 these credits will expire under Texas House Bill 3. |
| Eligibility Requirements: | To qualify, a corporation must create at least 10 new full-time jobs, pay at least 110 percent of the county's average weekly wage, pay health benefits and be engaged in manufacturing, warehousing, wholesale distribution, computer services or research. |
| Geographic Restrictions: | SIA designated counties statewide |
| Granting Authority: | State of Texas |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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