Business tax credit may not be practical -, South Georgia News, Weather, Sports

Business tax credit may not be practical

By Karen Cohilas - bio | email

ALBANY, GA (WALB) – A small business owner in Albany says a tax break being discussed by the legislature won't help him.

The bill would give a $2400 tax credit to any company that hires a person who has been collecting unemployment. They must also keep that employee for two years.

Steve Allen, who owns Allen's Jewelers says that's not practical. He says he's trying to make sure he can keep the employees he's already got and certainly can't bring on a new hire right now.

Allen said, "The economy has killed us all and, of course, we're in the luxury business, unlike some. People can't afford jewelry when they're having to put food on the table and they don't have the money."

Allen says bringing on a new employee will cost too much for the $2400 credit to work to his advantage.

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