§11-13O-1. Legislative purpose.
The Legislature finds that production of value-added products
is very important to the economy of this state and that a sound
economy is in the public interest and promotes the general welfare
of the people of this state. In order to encourage capital
investment in this state, through the manufacture of value-added
aluminum and polymer products after the thirtieth day of June, one
thousand nine hundred ninety-eight, thereby increasing employment
and economic development, there is hereby provided to eligible
taxpayers a credit for each new job filled by a full-time hourly
employee who works in a new value-added aluminum or polymer product
manufacturing facility, or in a new value-added aluminum or polymer
product line of an existing manufacturing facility, that begins
operating in this state after the thirtieth day of June, one
thousand nine hundred ninety-eight.