Tax credit for small businesses clears Senate
Published 3:47 pm Thursday, March 11, 2010
The state Senate ushered a bill through Wednesday in hopes of passing a tax credit for small businesses that create jobs. According to the Tacoma News Tribune, businesses with 20 or fewer employees will be eligible for a business-occupation tax credit if they add positions. The amount depends on wage level, but the credit is capped at $4,000 per job, the TNT reports.
Speaking of tax credits, the U.S. House of Representatives will consider a plan that would earmark about $15 billion in tax incentives for small businesses and other job generators.
Know a small business you think we should write about? Contact Herald writer Amy Rolph at arolph@heraldnet.com.
