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House Bill 1886


House Bill 1886

ARCHIVE (2003)

Latest Information

 

DIGEST OF INTRODUCED BILL


Tax credit for certified internship programs. Allows a state educational institution to apply to the department of workforce development for certification for an internship program operated or administered by the institution. Requires the department, in conjunction with the commission for higher education, to certify an internship program if the program meets certain requirements. Provides a refundable credit against the state tax liability of an Indiana employer for 25% of the payroll expenditures made by the employer during a taxable year to a student participating in a certified internship program. Provides that the total amount of all tax credits approved for such payroll expenditures may not exceed $300,000 in a state fiscal year.
Current Status:
 In Committee - first House
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