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2018 Regular Session



Income Tax Credit - Employers - Eligible Internships

Sponsored by:

Senator King


In the House - Hearing 3/21 at 1:00 p.m.

Synopsis: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.
Analysis:Fiscal and Policy Note
All Sponsors:Senators King, Benson, Conway, Feldman, Ferguson, Guzzone, Klausmeier, Manno, McFadden, Middleton, Peters, Robinson, Smith, Young, and Zucker
Additional Facts: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
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
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
Rules and Regulations
Salaries and Compensation -see also- Overtime; Reimb. Rates
Tax Credits
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Tax - General

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March 22, 2018 9:07 A.M.