182.01 PURPOSE.
   The purpose of the Village of Hicksville's Jobs Tax Credit Program (HJTCP) is to create jobs, encourage improvements and increase the tax base of the Village. The HJTCP will authorize the Village of Hicksville, by and through its Mayor and Village Council, to grant tax credits to certain businesses, by ordinance, against Village income taxes (payroll taxes) for a business's net profits based upon new Village income tax revenues generated from new jobs created by that business.
(Ord. 2008-09. Passed 11-17-08; Ord. 2014-04. Passed 3-17-14; Ord. 2019-05. Passed 5-20-19.)