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s_fin_2016a_2016-05-06t11:12:26z2 Hearing Summary

Date: 05/06/2016



Final

BILL SUMMARY for HB16-1301



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Postpone House Bill 16-1301 indefinitely. The moti PASS





The committee took a brief recess.



11:26 AM -- HB16-1301



The reengrossed version of House Bill 16-1301 provides a state income tax credit to taxpayers that employ workers that are either preparing for or participating in a qualified residency, pre-apprenticeship or an apprenticeship program. The credit is available for tax years 2018 through 2020 and is capped at $1 million per tax year and $3 million in total. An employer may receive up to $2,500 for each resident or individual in a construction industry pre-apprenticeship program and $5,000 for each apprentice or individual in an industry apprenticeship program. The credit is nonrefundable and may be carried forward for five years.

BILL: HB16-1301
TIME: 11:27:25 AM
MOVED: Hill
MOTION: Postpone House Bill 16-1301 indefinitely. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Holbert
Yes
Johnston
No
Kerr
No
Hill
Yes
Neville T.
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS














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