Legislation

Title: Income Tax Credit - Small Businesses - Student Interns and Apprentices
Sponsored by: Delegates Rose, Buckel, Corderman, Hornberger, Krebs, Malone, McComas, Reilly, and Shoemaker
Status: In the House - Hearing 3/08 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a credit against the State income tax for certain small businesses that hire high school or college interns or apprentices under certain circumstances; providing that the credit may not exceed $7,500 for any taxable year; requiring a small business to submit certain documentation to qualify for the credit; providing that certain organizations exempt from taxation may receive the credit as a refund under certain circumstances; applying the Act to all taxable years beginning after December 31, 2018; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber House Calendar Date 2/08/2019 Legislative Date 2/08/2019 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit - Small Businesses - Student Interns and Apprentices Proceedings
Chamber House Calendar Date 2/12/2019 Legislative Date 2/12/2019 Action Hearing 3/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/08/2019	2/08/2019	First Reading Ways and Means
			Text - First - Income Tax Credit - Small Businesses - Student Interns and Apprentices
House	2/12/2019	2/12/2019	Hearing 3/08 at 1:00 p.m.

File Code

Subjects

Statutes