Relating to a withholding tax credit for wages paid to youth workers; prescribing an effective date.
Summary
Creates tax credit for employers that pay wages to youth workers, defined as workers between 16 and 25 years of age. Allows taxpayer to claim credit by retaining portion of withholding tax, calculated as percentage of wages paid to youth worker. Bases percentage to be retained on age of youth worker. Applies to wages paid to youth workers on or after January 1, 2018, and to tax years beginning on or after January 1, 2018, and before January 1, 2024. Takes effect on 91st day following adjournment sine die.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 6, 2017
Last action Jul 7, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Jul 7, 2017
Legislature · Passed
In committee upon adjournment.
legislature
Feb 7, 2017
Committee
Referred to Higher Education and Workforce Development with subsequent referral to Tax Credits.
legislature
Feb 6, 2017
Introduced
First reading. Referred to Speaker's desk.
legislature
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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