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    The Storefront
    March 11, 2010

     
     

    Tax credit for small businesses clears Senate


    Posted at 3:30 pm by Amy Rolph

    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.

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