Business tax credit may not be practical - WALB.com, Albany News, Weather, Sports

Business tax credit may not be practical

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Dollar General coming to Sycamore

    Dollar General coming to Sycamore

    Wednesday, August 27 2014 12:47 PM EDT2014-08-27 16:47:43 GMT
    A new Dollar General will be moving into downtown Sycamore within the next year on Highway 41.More >>
    A new Dollar General will be moving into downtown Sycamore within the next year on Highway 41.More >>
  • Speeders warned to slow down through Sycamore

    Speeders warned to slow down through Sycamore

    Wednesday, August 27 2014 12:43 PM EDT2014-08-27 16:43:13 GMT
    Sycamore city officials are warning drivers to slow down. Railroad Avenue is a main road through Sycamore and a residential area with children. Several complaints have been made to city officials about speeding and drivers ignoring stop signs on the roadway.More >>
    Sycamore city officials are warning drivers to slow down. Railroad Avenue is a main road through Sycamore and a residential area with children. Several complaints have been made to city officials about speeding and drivers ignoring stop signs on the roadway.More >>
  • Witnesses help Valdosta Police catch burglary suspect

    Witnesses help Valdosta Police catch burglary suspect

    Wednesday, August 27 2014 12:08 PM EDT2014-08-27 16:08:52 GMT
    57 year-old Sidney Allen Smith, of Florida, is behind bars in Lowndes County after burglarizing an abandoned Valdosta gas station, but he didn't get far thanks to help from witnesses.
    More >>
    57 year-old Sidney Allen Smith, of Florida, is behind bars in Lowndes County after burglarizing an abandoned Valdosta gas station, but he didn't get far thanks to help from witnesses.

    More >>

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.

©2010 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.  Feedback