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NC S242
Bill
Status
Introduced
3/7/2013
Primary Sponsor
Eugene McLaurin
Click for details
AI Summary
- Creates a $2,000 tax credit for taxpayers who hire and retain a qualified employee for at least one year.
- Defines a qualified employee as an individual who has exhausted maximum regular unemployment benefits and has not been employed since receiving those benefits.
- Requires taxpayers to meet wage and health insurance standards outlined in G.S. 105-129.83 for the qualified employee to receive the credit.
- Applies to taxable years beginning on or after January 1, 2013.
- Repeals the credit for taxable years beginning on or after January 1, 2016.
Legislative Description
Hire Long-Term Unemployed Workers Incentive
Last Action
Ref To Com On Finance
3/11/2013
Committee Referrals
Finance3/11/2013
Full Bill Text
No bill text available