Bill
HD 4099
Overview: Bill Number: HD 4099, Title: An Act granting an income tax exemption for new manufacturing corporations, Status: proposed bill, Introduced: November 29, 2025Purpose and I
Overview: Bill Number: HD 4099, Title: An Act granting an income tax exemption for new manufacturing corporations, Status: proposed bill, Introduced: November 29, 2025
Purpose and Intent: The main goal of this bill is to incentivize the establishment of new manufacturing corporations in the state by providing a temporary income tax exemption. The intent is to spur economic growth, create new jobs, and strengthen the state's manufacturing sector.
Key Provisions:
- Grants a 5-year income tax exemption for any new manufacturing corporation that is established in the state after the effective date of the bill
- Defines "new manufacturing corporation" as a company that has not previously conducted manufacturing operations in the state
- Requires the new corporation to maintain a minimum of 50 full-time employees during the exemption period to qualify
Affected Parties and Impacts:
- New manufacturing corporations establishing operations in the state will benefit from the income tax exemption, potentially lowering their tax burden and improving profitability
- Existing manufacturing companies in the state may face increased competition from new entrants
- Local communities may see an influx of new jobs and economic activity in the manufacturing sector
Procedural and Timeline Considerations:
- The bill has been introduced and is currently in the legislative process
- If passed, the income tax exemption would take effect for new manufacturing corporations established after the bill's effective date
Compiled from official sources — confirm details with the bill’s official record.
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