Job Creation Tax Credits (JCTC)

JCTC Overview

A $1,000-per-job tax credit to create new jobs in the state within three years.

Uses

Tax credits used to offset various business tax liabilities.

Funding

$1,000-per-job tax credit to approved businesses that agree to create jobs within three years. Twenty-five percent of the tax credits allocated each year must go to businesses with less than 100 employees.

Eligibility

Approved businesses

Terms

Tax credits may not be utilized by a business until the jobs are actually created. Must create at least 25 new jobs or expand the existing workforce by at least 20 percent.

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