40 States regularly rely on tax incentives as an economic development tool to spur job growth. Economists across the nation agree that job creation is the key to a sustained economic recovery. As states work to recover from the recent economic downturn, legislators have been especially aggressive in pursuing job creation tax credits. Employers receive these credits when they create and fill new jobs, so the programs offer tangible benefits. States also expect that the return-in terms of the new employee’s income taxes and renewed spending-will at least meet or exceed what the state loses in revenue directed to the credit.
NCSL – Job Creation Tax Credits – 50 State Table
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Tax Foundation – State Business Incentives
Florida – Unemployed Tax Credit Program
Georgia Job Tax Credit Program
EPI – Not all job creation tax credits are created equal
Colorado – Job Growth Incentive Tax Credit
Colorado – Job Growth Incentive Tax Credit Fact Sheet
Kentucky Business Investment Program
Kentucky Small Business Tax Credit
Louisiana Economic Development – Tax Credits
Arkansas Department of Finance and Administration
New Mexico – Employment Tax Credits
Albuquerque Journal – Changing one word in tax credit law could save New Mexico millions
Santa Fe New Mexican – Tax credits hurt cash strapped state
14 Ohio job creation projects granted tax credits: See the list
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