Income taxes: credits: student intern.

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2019, and before January 1, 2024, in an amount equal to 50% of the first $2,500 of qualified wages paid or incurred by a qualified taxpayer during the taxable year to a student intern, as defined, for the first 90 calendar days of employment. This bill would take effect immediately as a tax levy.