January 29, 2010

The Honorable Sheila E. Hixson

Ways and Means Committee

Room 131, House Office Building

Annapolis, MD 21401-1912

Re: HB92 – Labor and Employment - Job Creation and Recovery Tax Credit – Support

Dear Delegate Hixson:

HB92 would provide a credit against the State income tax for qualified employers employing specified individuals in qualified positions; provide for certification by the Secretary of Labor, Licensing, and Regulation of qualified employers eligible for the credit and the maximum credit for which a qualified employer is eligible. In addition it would limit the credit to $250,000 for each qualified employer, and limit the aggregate credit that may be approved by the Secretary to $20,000,000, to be allocated on a first-come, first-served basis.

The Legislative Committee of the Carroll County Chamber of Commerce supports this bill. The tax credit would provide an incentive to qualified employers to hire during these difficult economic times, which would in turn reduce the Unemployment Insurance burden on employers.

We therefore ask that your committee give this bill a favorable report. 

Sincerely,

Richard Haddad

President

CC: Senator Larry E. Haines