2 Companies Seeking Tax Rebates On Expanding Payrolls

AMITE, LA (AP) — Two companies expanding in Ponchatoula have received approval from the Tangipahoa Parish Council in their applications for state tax rebates on their expanding payrolls.

         Elmer's Candy is making a $40 million investment to expand its plant, creating 16 new permanent jobs.

         J&M Industries will spend $4.5 million to expand its tarp manufacturing plant and will create 30 new permanent jobs.

         The Advocate’s Vic Couvillion reports Tuesday both companies are applying to the state's Quality Jobs Program, which grants cash rebates of 5 percent or 6 percent of annual gross payroll for new, permanent jobs for up to 10 years.

         The program also can provide a 4 percent sales/use tax rebate on capital expenditures or a 1.5 percent investment tax credit for qualified expenses.

         For more information

 

 

Categories: Today’s Business News