§11-13II-1. The High-Wage Growth Business Tax Credit Act

This article shall be known and may be cited as the High-Wage Growth Business Tax Credit Act.

§11-13II-2. Definitions

As used in this article: “Benefits” means all remuneration for work performed that is provided to an employee in whole or in part by the employer, other than wages, including the employers contributions to insurance programs, health care, medical, dental and vision plans, life insurance, employer contributions to pensions, such as a 401(k), and employer-provided […]

§11-13II-3. High-Wage Growth Business Tax Credit

(a) The Development Office may authorize no more than $5 million of the tax credits allowed under this article during any fiscal year and the total amount of tax credit that may be awarded or used in any taxable year by any qualified taxpayer in combination with the owners of the qualified taxpayer may not […]

§11-13II-4. Obtaining Tax Credit Following Tax Year

(a) At the end of the approved employers tax year, the qualified employer may file an application to use the tax credits previously approved by the Development Office. The application shall contain a sworn statement by a duly authorized officer of the qualified employer concerning with respect to the employers fiscal year: (1) That the […]

§11-13II-5. Rules

The division shall propose legislative rules implementing this article in accordance with the provisions of 29A-3-1 et seq. of this code.