Companies Getting Breaks Would Make Payroll Pledge: ; the Capitol Report 2005 Legislature

Summary


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Companies that accept public funding - either through loans, economic development grants, or through tax breaks of any kind - would have to pledge not to lay off full-time workers or give executives pay raises or bonuses while the funding is in effect, under a bill advancing in the Senate.

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Companies Getting Breaks Would Make Payroll Pledge: ; the Capitol Report 2005 Legislature

Businesses that break the pledge would have to repay any loan, grant or tax break, along with a 10 percent penalty, within 60 days.

The bill's lead sponsor, S...

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