Small businesses can receive a state tax deduction of $10,000 for each new qualifying full-time job they create, provided the job pays at least the county average wage or the state average wage of $41,730 (whichever is lower) The information on the other counties can be found here. Also, if the job also offers health insurance, and the employer pays at least 50 percent of the premium, the business can receive an additional $10,000 tax deduction.

The small business must have 50 or fewer employees and the new jobs created must employ the workers for at least 52 consecutive weeks. The deduction is available during the 2012, 2013 and 2014 tax years.

This deduction is available for net new jobs created starting in 2011, so employees who fulfill the 52 week requirement during 2012 are qualifying employees, and the deduction is reported on the employer's 2012 tax return.