Tag: tax credit
Legislation introduced that gives small businesses a tax credit of up to $3,000 to refund newspaper advertising expenditures
That’s why I’ve introduced a bill to stimulate advertising in newspapers and revitalize local news outlets. The solution proposed in HB540 is straightforward: small businesses will receive a tax credit of up to $3,000 to refund advertising expenditures in local newspapers.
Read MoreFew hired in first six weeks of jobs tax credit
Since the signing of the Gov. Martin O’Malley’s law rewarding companies for hiring people off the unemployment rolls six weeks ago, companies have hired 64 new employees using the new tax credit.
But business owners say the credit is only one factor in the decision to begin hiring again. The driving force is still having enough business to warrant a new hire.
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