Credit Examples

Examples of Tax Credits

If you purchase new equipment for your business: a computer, a point of sale system, kitchen equipment, manufacturing machinery, an agricultural irrigation system or other tangible personal property that is used to generate revenue, you may be eligible for a 3% Investment Tax Credit.

If you add additional jobs to your workforce, you may be eligible for a $500 Job Tax Credit per additional employee.

If you are an agricultural processing business and you add additional employees to your staff, you may be eligible for an extra $500 Job Tax Credit making a total of $1,000 per additional employee

If you provide additional training for your employees (other than on-the-job training), you may be eligible for a 10% Job Training Credit.

If you provide employer-sponsored health insurance for your employees, you may be eligible for a $200 per employee (for two years) Health Insurance Tax Credit.

If you rehabilitate a 20 year old vacant building, you may be eligible for 25% of the building renovation costs.