NC lawmakers push small businesses with tax breaks - WMBFNews.com, Myrtle Beach/Florence SC, Weather

NC lawmakers push small businesses with tax breaks

Raleigh, NC -

RALEIGH, N.C. (AP) - North Carolina legislators desperate to show they're doing all they can to boost job creation are offering small businesses new tax breaks and other help in the hope it will lead to new hiring.

A state House committee on Wednesday approved what its sponsor called the Legislature's first broad attempt to help small businesses create jobs.

The plan would allow businesses with 25 full-time employees or fewer to take a $1,000 tax credit for every job created and kept for three years. Businesses also could get a break to help pay the health benefits of employees earning less than $40,000.

A University of North Carolina researcher whose report last year found the state's business incentives programs largely ineffective said this proposal is better at targeting tax breaks.

Copyright 2010 by The Associated Press. All Rights Reserved.

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