Tuesday, March 29, 2005

HB 220: Career Development Tax Credit

H.B 220, P.N. 246 (REED). This would amend the Tax Reform Code Act 2 of 1971, P.L. 6.
This would create the Career Development Tax Credit. A tax credit to a manufacturer would be available for one-fourth of the expenses of qualified career development. Excess tax credits that could not be used in one year by a taxpayer could be used against succeeding years’ taxes over the following 15 years.


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