Legislation

Allowing certain employers employing certain interns a credit against the State income tax, which may not exceed $1,000 for each eligible intern or 10% of the wages paid to each eligible intern, subject to certain limitations; requiring a certain employer to enter into a certain agreement with a certain higher education institution; providing that not more than $300,000 in tax credit certificates may be issued in any taxable year; requiring a report by the Comptroller on utilization of the tax credit by July 1, 2021; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: HB1358

Introduced in a prior session as: SB0522 Session: 2017 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber Senate Calendar Date 1/25/2018 Legislative Date 1/25/2018 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit - Employers - Eligible Internships Proceedings
Chamber Senate Calendar Date 1/25/2018 Legislative Date 1/25/2018 Action Hearing 2/14 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 2/19/2018 Legislative Date 2/19/2018 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/20/2018 Legislative Date 2/20/2018 Action Favorable Adopted Proceedings 30 Click to view Recorded Media
Chamber Senate Calendar Date 2/20/2018 Legislative Date 2/20/2018 Action Second Reading Passed Proceedings 30 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax Credit - Employers - Eligible Internships Proceedings
Chamber Senate Calendar Date 2/22/2018 Legislative Date 2/22/2018 Action Third Reading Passed (44-0) Proceedings 32 Click to view Recorded Media
Chamber House Calendar Date 2/23/2018 Legislative Date 2/23/2018 Action Referred Ways and Means Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/05/2018 Legislative Date 3/05/2018 Action Hearing 3/21 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/25/2018	1/25/2018	First Reading Budget and Taxation
			Text - First - Income Tax Credit - Employers - Eligible Internships
Senate	1/25/2018	1/25/2018	Hearing 2/14 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	2/19/2018	2/19/2018	Favorable Report by Budget and Taxation
Senate	2/20/2018	2/20/2018	Favorable Adopted	30 Click to view Recorded Media
Senate	2/20/2018	2/20/2018	Second Reading Passed	30 Click to view Recorded Media
			Text - Third - Income Tax Credit - Employers - Eligible Internships
Senate	2/22/2018	2/22/2018	Third Reading Passed (44-0)	32 Click to view Recorded Media
House	2/23/2018	2/23/2018	Referred Ways and Means	33 Click to view Recorded Media
House	3/05/2018	3/05/2018	Hearing 3/21 at 1:00 p.m.

File Code

Subjects

Statutes