Legislation

Title: Income Tax Credit - Small Businesses - Student Interns
Sponsored by: Delegates Rose, D. Barnes, Beitzel, Buckel, McKay, Shoemaker, and Wivell
Status: In the House - Hearing 3/05 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; establishing that a business may not claim the credit for more than three interns or apprentices; providing that the credit may not exceed the lesser of $2,500 for each intern or apprentice or the State income tax imposed for that taxable year; requiring a small business to submit certain documentation to qualify for the credit; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: HB0896 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber House Calendar Date 2/07/2020 Legislative Date 2/07/2020 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit - Small Businesses - Student Interns Proceedings
Chamber House Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing 3/05 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2020	2/07/2020	First Reading Ways and Means
			Text - First - Income Tax Credit - Small Businesses - Student Interns
House	2/10/2020	2/10/2020	Hearing 3/05 at 1:00 p.m.

File Code

Subjects

Statutes