Legislation

Title: Income Tax Credit - Eligible Employers - Eligible Internships
Sponsored by: Senators King, DeGrange, Feldman, Ferguson, Guzzone, Manno, Mathias, Peters, Rosapepe, and Smith
Status: In the House - First Reading House Rules and Executive Nominations
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Allowing specified eligible employers a credit against the State income tax for employing specified interns, which may not exceed $1,000 for each eligible intern or 10% of the wages paid to each eligible intern, subject to specified limitations; requiring an eligible employer to enter into a specified agreement with an eligible higher education institution; providing that no more than $300,000 in tax credit certificates may be issued in any taxable year; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Rules and Executive Nominations

Details

Cross-filed with: HB1483

Introduced in a prior session as: SB0646 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 2/01/2017 Legislative Date 2/01/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit - Eligible Employers - Eligible Internships Proceedings
Chamber Senate Calendar Date 2/08/2017 Legislative Date 2/08/2017 Action Hearing 2/21 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 3/20/2017 Legislative Date 3/20/2017 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/20/2017 Legislative Date 3/17/2017 Action Favorable with Amendments {489839/1 Adopted Proceedings 46AClick to view Recorded Media
Chamber Senate Calendar Date 3/20/2017 Legislative Date 3/17/2017 Action Second Reading Passed with Amendments Proceedings 46AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax Credit - Eligible Employers - Eligible Internships Proceedings
Chamber Senate Calendar Date 3/21/2017 Legislative Date 3/19/2017 Action Third Reading Passed (45-0) Proceedings 48 Click to view Recorded Media
Chamber House Calendar Date 3/22/2017 Legislative Date 3/19/2017 Action Referred Rules and Executive Nominations Proceedings 53 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/01/2017	2/01/2017	First Reading Budget and Taxation
			Text - First - Income Tax Credit - Eligible Employers - Eligible Internships
Senate	2/08/2017	2/08/2017	Hearing 2/21 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/20/2017	3/20/2017	Favorable with Amendments Report by Budget and Taxation
Senate	3/20/2017	3/17/2017	Favorable with Amendments {489839/1 Adopted	46AClick to view Recorded Media
Senate	3/20/2017	3/17/2017	Second Reading Passed with Amendments	46AClick to view Recorded Media
			Text - Third - Income Tax Credit - Eligible Employers - Eligible Internships
Senate	3/21/2017	3/19/2017	Third Reading Passed (45-0)	48 Click to view Recorded Media
House	3/22/2017	3/19/2017	Referred Rules and Executive Nominations	53 Click to view Recorded Media

File Code

Subjects

Statutes