Home » Areawide »Business »Letters to Editor » Currently Reading:

Sen Linares, Save programs that grow jobs

March 14, 2013 Areawide, Business, Letters to Editor No Comments
Sen. Art Linares toured Chester, CT-based manufacturer Aero-Cision on Feb. 27, 2013 as he works on bills that promote business-friendly policies to help create jobs. Contributed photo.

Sen. Art Linares toured Chester, CT-based manufacturer Aero-Cision on Feb. 27, 2013 as he works on bills that promote business-friendly policies to help create jobs. Contributed photo.

Submitted by Sen. Art Linares

I recently threw my support behind a bill that I believe will make Connecticut more business-friendly and help to create jobs.

This bill makes permanent the state’s temporary Job Expansion Tax Credit Program.  As the law stands now, that program is slated to end on Jan. 1, 2014.

The savings that small businesses can realize from this program are considerable.

Here’s how it works:

  • Qualifying businesses can earn a credit of $500 a month for every new job they create.
  • Qualifying businesses can earn a credit of $900 a month if the position is filled by an employee who has not had a full-time job since his or her unemployment benefits ran out.
  • Qualifying businesses can earn a credit of $900 a month if the position is filled by a military veteran.
  • Qualifying businesses can earn a credit of $900 a month if the position is filled by an individual who is receiving vocational rehabilitation services from the Bureau of Rehabilitative Services.

In order to claim the credits, businesses with 0-50 employees must have one new employee in the taxable year; businesses with 51-100 employees must create five new jobs, and businesses with 100 or more must create 10 new jobs.

The job expansion tax credit is a small but valuable step toward improving the business climate in Connecticut.

Making the credit permanent would enable more businesses to take advantage of it and create the most opportunity for people who are looking for work.

Tax reductions in any form are an effective means of helping businesses grow and add new jobs. That’s why I am also pushing to eliminate the state’s $250 business entity tax.

With the unemployment rate in Connecticut significantly higher than the national average, a permanent tax credit for job expansion would be a welcome change.

I will continue working hard to pass policies that help grow jobs.  Please send me your comments and questions at Art.Linares@cga.ct.gov or 800 842 1421.

Sen. Art Linares (www.senatorlinares.com) represents the 33rd Senate District, which includes Chester, Clinton, Colchester, Deep River, East Haddam, East Hampton, Essex, Haddam, Lyme, Old Saybrook, Portland, and Westbrook.

Posted March 14, 2013

Have a news item, event or Letter to the Editor you’d like posted on this news site? Simply send your information to editor@htnp.com and include your town in the subject line of your email. Please also include a phone number where you can be reached if there are questions. If you’re interesting in reaching our readers with information about your business, please email maheu@htnp.com  For daily updates on local and Connecticut news, “like” us on Facebook at HTNP News https://www.facebook.com/HTNPnews and find us on our NEW  Twitter page at HTNP News (@HTNPNews )

Comment on this Article:

Hometown History

Sponsors

Political Views

Eddie’s Auto Body Shop, An Innovative Approach

Eddies&Ziobron

East Haddam residents that stumble upon Eddie’s Auto Body may think they are entering an ordinary auto body shop. The functional surroundings and down-to-earth staff seem to be requirements for …

Perrotti Receives Public Funding

mimi-headshot-final-200x300

Mimi Perrotti, Democrataic candidate for the 34th House District; East Hampton, East Haddam and Westchester, is delighted to announce that she has been approved for public financing by the State …

Herbst (still) Wants Answers on Teacher Pension Neglect

Tim_Herbst_Headshot_160

TRUMBULL, CT – Today Tim Herbst, Trumbull First Selectman and Candidate for State Treasurer, praised State Auditors for continuing to sound the alarm on the mismanagement of the Teacher’s Retirement …

Business

Eddie’s Auto Body Shop, An Innovative Approach

Eddies&Ziobron

East Haddam residents that stumble upon Eddie’s Auto Body may think they are entering an ordinary auto body shop. The functional surroundings and down-to-earth staff seem to be requirements for …

State Unemployment-July 2014

labor

The New England Information Office of the U.S. Bureau of Labor Statistics (BLS) has released New England and state unemployment numbers for July 2014.  These data are supplied by the …

Higher Grounds offers music, arts, culture, and farm-fresh eats

highergrounds

By Lauren Quirici Kim Page, 48, is in her 4th successful year of business with what she refers to as her “coffee shop gallery” called Higher Grounds in East Hampton.  …

Sponsors Directory

Weather