2 Companies Seeking Tax Rebates On Expanding Payrolls

AMITE, LA (AP) — Two companies expanding in Ponchatoula have received approval from the Tangipahoa Parish Council in their applications for state tax rebates on their expanding payrolls.

         Elmer's Candy is making a $40 million investment to expand its plant, creating 16 new permanent jobs.

         J&M Industries will spend $4.5 million to expand its tarp manufacturing plant and will create 30 new permanent jobs.

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         The Advocate’s Vic Couvillion reports Tuesday both companies are applying to the state's Quality Jobs Program, which grants cash rebates of 5 percent or 6 percent of annual gross payroll for new, permanent jobs for up to 10 years.

         The program also can provide a 4 percent sales/use tax rebate on capital expenditures or a 1.5 percent investment tax credit for qualified expenses.

         For more information

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