Sec. 30a Puerto Rico wage-based tax credit enhancement proposed in Clinton budget.
This article was originally published in The Tan Sheet
PUERTO RICO WAGE TAX CREDIT (SEC. 30a) WOULD BE PERMANENT AT 60% under a proposal in the FY 1998 budget released by the Clinton Administration Feb. 6. Sec. 30a is the new tax code section created in 1996 to house the wage-based credit available to companies operating in Puerto Rico and other U.S. possessions. It was established under the phased-in repeal of the Sec. 936 tax credit enacted by the 104th Congress ("The Tan Sheet" June 17, 1996, p. 9).
You may also be interested in...
Perrigo promotes in pricing, planning
Combe sells most of its OTC brands
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC