Category: State Incentives
Microenterprise Tax Credit Advantage
This tax credit provides a 20 percent refundable investment tax credit to micro-businesses on new investments in targeted communities. Applicants may qualify for a maximum of $10,000 throughout the life of the program. The credit is geared to companies with five or fewer employees, including start-ups. The credits would apply to new expenditures for wages, buildings and non-vehicle depreciable personal property.