1999 Regular Session

HOUSE BILL 898

File Code: Miscellaneous
Sponsored By:
Delegate Franchot
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.

History by Legislative Date

House Action
2/12
First Reading Ways and Means
2/24
Hearing 3/12 at 1:00 p.m.
4/2
Unfavorable Report by Ways and Means
Senate Action
No Action
Bill indexed under the following Subjects:
COMMUNITY COLLEGES
EDUCATION -see also- PUBLIC SCHOOLS; SPECIAL ED.; HIGHER ED.
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
FRANCHISES
GROSS RECEIPTS TAX
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 -see also- CIRCUIT BREAKER
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
WORK, LABOR AND EMPLOYMENT -see also- LEAVE; O.T.; SALARIES.
Bill affects the following Statutes:
Insurance
( 6-119 )
Labor and Employment
( 11-101 , 11-701 , 11-702 , 11-703 )
Tax - General
( 8-220 , 8-417 , 10-712 )

Documents:

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

Amendments: None offered