1997 Regular Session

SENATE BILL 254

File Code: Miscellaneous Crossfiled with: HOUSE BILL 133
Sponsored By:
Senators Currie, Madden, and Hoffman
Entitled:
Worker Retraining Tax Credit Act

Synopsis:

Allowing a credit against specified State taxes for businesses that pay or incur qualifying expenses under approved employer-sponsored training programs; limiting the credit allowed based on the number of qualified employees who successfully complete the approved training program; providing for submission of proposals for employer-sponsored training programs to the Department of Labor, Licensing, and Regulation for approval; limiting to $2,000,000 the total amount of credits allowed for any fiscal year; etc.

Legislative History

Senate Action
1/22
First Reading Budget and Taxation
Hearing 2/5 at 1:00 p.m.
1/30
Hearing cancelled
Hearing 2/5 at 1:30 p.m.
3/17
Referred to interim study by Budget and Taxation
House Action
No Action
Sponsored by:
Senator Ulysses Currie, District 25
Senator Barbara A. Hoffman, District 42
Senator Martin G. Madden, District 13
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- SMALL BUSINESS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
FRANCHISES
INCOME TAX
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
JOB TRAINING
LABOR,LICENSING, AND REGULATION, DEPARTMENT OF
REVENUE AND TAXES -see also specific taxes -
RULES AND REGULATIONS
TAX CREDITS
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES
WORK, LABOR AND EMPLOYMENT -see also- LEAVE; OVERTIME
Bill affects the following Statutes:
Insurance
( 6-115 )
Labor and Employment
( 11-101 , 11-601 , 11-602 , 11-603 )
Tax - General
( 8-216 , 8-413 , 10-708 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)