Semiconductor Manufacturing and Biomedical Manufacturing and Research Tax Credit Program
Qualified Taxpayers conducting semiconductor manufacturing, biomedical manufacturing or biomedical research may apply for the Semiconductor Manufacturing and Biomedical Manufacturing and Research (“SBMR”) Tax Credit. The SBMR Tax Credit may be awarded, based upon any one or more of the following: 2.5% of the initial capital investment and/or 100% of Personal Income Tax withholding (payroll) or $20,000 per job, whichever is less for each permanent job at the project facility.