State Senate Sets Kimberly Clark Incentives Vote for November
State legislative leaders are calling an extraordinary
session to vote on a tax incentive package for Kimberly Clark. The state senate
will begin the session on Assembly Bill 963 on November 12th. The
bill passed the Assembly earlier this year, but stalled in the Senate before
the break. The bill would give Kimberly Clark tax credits for a percentage of
the company’s payroll for full-time workers. The company would also be able to
get income and franchise tax credits – with the entire package worth about $100
million. A public hearing and vote will come later in November.
gave the state until September 30th to come up with an offer to
convince them to keep the Cold Spring Facility open in Fox Crossing – but have
agreed to delay a decision until after the November election. The company
announced a global restructuring plan in January that called for the closure of
six hundred people.