So sad. Ugh.
Gov. Linda Lingle today called for a package of business incentives to help stimulate business, including aid to cover the costs of health insurance and income tax credits for the creation of new jobs.
In her eighth and final State of the State address, Lingle said "The income tax credit proposal grants credits equal to the wages withheld by the employer for each new, full-time permanent position filled by a resident who is currently receiving unemployed benefits."
The tax credits will begin upon her signature and remain in effect through Dec. 31, 2012.
"Businesses will be required to be operational for two years after their final tax credits are received," Lingle said.
Lingle also called for establishing a 10 percent construction and renovation tax credit for hotels and resorts as a means to help stimulate the economy.
http://www.honoluluadvertiser.com/article/20100125/BREAKING01/100125032/Lingle+proposes+business+stimulation+incentives