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: | ||
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VOTE
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Holbert
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Yes
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Johnston
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No
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Kerr
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No
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Hill
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Yes
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Neville T.
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Yes
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Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS
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