2017 Regular Session
|At the request of:||(at the request of House Interim Committee on Business and Labor)|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Relating to a withholding tax credit for wages paid to youth workers; prescribing an effective date.|
Creates tax credit for employers that pay wages to youth workers, defined as workers between 16 and 25 years of age.
Allows taxpayer to claim credit by retaining portion of withholding tax, calculated as percentage of wages paid to youth worker. Bases percentage to be retained on age of youth worker. Applies to wages paid to youth workers on or after January 1, 2018, and to tax years beginning on or after January 1, 2018, and before January 1, 2024. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|