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2016 SESSION
HB 508 Worker retraining and career pathway tax credit; modification of credit.
Introduced by: David E. Yancey | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Worker retraining and career pathway tax credit. Modifies the worker retraining tax credit by allowing credit to manufacturers conducting a manufacturing orientation, instruction, and training program to students in grades six through 12. The credit will equal 35 percent of the manufacturer's direct costs in providing the program, not to exceed $2,000 for any year.
In order for credit to be allowed, the program must (i) provide manufacturing orientation, instruction, and training solely to students in grades six through 12, (ii) be coordinated with the local school division and determined to qualify for tax credit by the Department of Small Business and Supplier Diversity, and (iii) be conducted during school hours at a plant or facility used by the manufacturer.
FULL TEXT
HISTORY
- 01/08/16 House: Prefiled and ordered printed; offered 01/13/16 16101759D
- 01/08/16 House: Referred to Committee on Finance
- 02/04/16 House: Assigned Finance sub: Subcommittee #3
- 02/05/16 House: Subcommittee recommends laying on the table by voice vote
- 02/17/16 House: Left in Finance