An expansive but expensive bill that would use tax credits to create jobs for the unemployed and stimulate job creation for the space flight, defense contractor and film industries passed the Senate Policy Steering Committee on Ways and Means Thursday.
The bill, SB 1752, authorizes $1,000 per-person tax credits for businesses hiring the unemployed and expands from $35 million to $100 million tax refunds for space flight and defense contractor sectors and certain industries. It also provides $20 million in incentives for the film and entertainment industries.