SB0522

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Income Tax Credit - Eligible Employers - Eligible Internships

Sponsored by:

Senator King

Status:

In the House - First Reading House Rules and Executive Nominations


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.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators King, DeGrange, Feldman, Ferguson, Guzzone, Manno, Mathias, Peters, Rosapepe, and Smith
Additional Facts: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
Committee(s):
Budget and Taxation  View Committee HearingRules and Executive Nominations
Broad Subject(s):Taxes - Income
Education - Miscellaneous
Narrow Subject(s):Comptroller
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Job Training -see also- Continuing Education
Labor, Licensing, and Regulation, Department of
Reports
Rules and Regulations
Salaries and Compensation -see also- Overtime; Reimb. Rates
Students
Tax Credits
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Tax - General
(10-741)

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Explanation of Floor Motions and Actions


April 12, 2017 8:21 A.M.