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2011 SESSION

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SB 1473 Business Assistance, Department of; job retraining account program created within Department.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Department of Business Assistance; job retraining accounts; tax exemptions.  Allows an individual to open a job retraining account through the Department of Business Assistance. The account would be a trust or savings account administered by the Department and would be used by the individual for expenses related to job retraining. An individual's employer would be authorized to make matching contributions to the account and would be eligible for a tax deduction for the contributions to the extent that the contribution was included in the employer's federal taxable income. The bill contains a reenactment clause.

FULL TEXT

• 01/21/11  Senate: Presented and ordered printed 11104039D  pdf | impact statement
• 02/02/11  Senate: Committee substitute printed 11104917D-S1  pdf | impact statement

HISTORY

• 01/21/11  Senate: Presented and ordered printed 11104039D
• 01/21/11  Senate: Referred to Committee on Finance
• 02/02/11  Senate: Reported from Finance with substitute (14-Y 0-N)
• 02/02/11  Senate: Committee substitute printed 11104917D-S1
• 02/03/11  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/04/11  Senate: Read second time
• 02/04/11  Senate: Reading of substitute waived
• 02/04/11  Senate: Committee substitute agreed to 11104917D-S1
• 02/04/11  Senate: Engrossed by Senate - committee substitute SB1473S1
• 02/07/11  Senate: Read third time and passed Senate (39-Y 0-N)
• 02/07/11  Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
• 02/07/11  Senate: Passed Senate (40-Y 0-N)
• 02/08/11  House: Placed on Calendar
• 02/08/11  House: Read first time
• 02/08/11  House: Referred to Committee on Finance
• 02/09/11  House: Assigned Finance sub: #3
• 02/14/11  House: Tabled in Finance (12-Y 10-N)