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1999 SESSION

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HB 1676 Employees with disabilities tax credit.

Introduced by: John S. Reid | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Employees with disabilities tax credit. Creates a tax credit for an employer who employs an otherwise-qualified individual with a disability. The credit is equal to 20 percent of the first $6,000 in wages paid annually to the employee for a period not to exceed two years.

SUMMARY AS PASSED HOUSE:

Employees with disabilities tax credit. Provides a two-year tax credit to an employer equal to 20 percent of the first $6,000 in wages paid annually to an otherwise qualified employee with a disability. The credit applies to employees who have completed or are completing rehabilitative services from the Department of Rehabilitative Services, the Department for the Visually Handicapped or the U. S. Department of Veterans’ Affairs. Individuals will be certified to the Department of Taxation by the Department of Rehabilitative Services. The credit will be available for taxable years beginning on and after January 1, 2000, but before December 31, 2003.

SUMMARY AS INTRODUCED:

Employees with disabilities tax credit. Provides a two-year tax credit to an employer equal to 20 percent of the first $6,000 in wages paid annually to an otherwise qualified employee with a disability. The credit applies to employees who have completed or are completing rehabilitative services from the Department of Rehabilitative Services, the Department for the Visually Handicapped or the U. S. Department of Veterans’ Affairs. Individuals will be certified to the Department of Taxation by the Department of Rehabilitative Services. The credit will be available for taxable years beginning on and after January 1, 2000, but before December 31, 2003.