Legislation - SB0325

Title: Income Tax - Credit for Employers of Eligible Apprentices - Alterations
Sponsored by: Senators Carozza, Augustine, Bailey, Corderman, Jennings, Rosapepe, and Salling
Status: In the Senate - Hearing 1/22 at 10:30 a.m.
Analysis

Synopsis

Altering the definition of "eligible apprentice" for purposes of a certain credit against the State income tax for the employment of certain eligible apprentices by repealing a certain wage requirement; extending the termination of the credit until June 30, 2031; and applying the Act to taxable years beginning after December 31, 2024.

Committees

Original:: Budget and Taxation

Details

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/15/2025 Legislative Date 1/15/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Employers of Eligible Apprentices - Alterations Proceedings
Chamber Senate Calendar Date 1/15/2025 Legislative Date 1/15/2025 Action Hearing 1/22 at 10:30 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/15/2025	1/15/2025	First Reading Budget and Taxation
			Text - First - Income Tax - Credit for Employers of Eligible Apprentices - Alterations
Senate	1/15/2025	1/15/2025	Hearing 1/22 at 10:30 a.m.

File Code

Subjects

Statutes