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Senate Bill 0551


Senate Bill 0551

ARCHIVE (2005)

Latest Information

 

DIGEST OF INTRODUCED BILL


Tax credit for job training expenses. Provides to an employer with full-time employees a state tax credit equal to 30% of eligible expenditures made for job skills training programs that are: (1) certified by the department of workforce development; and (2) offered by the employer or reimbursed by the employer on behalf of its employees. Provides that an employer is ineligible for the tax credit to the extent that the employer receives a state funded grant for job skills training programs during the same taxable year. Requires the department of workforce development to establish procedures to certify job skills training programs and to audit employers seeking the tax credit.
    Current Status:
     In Committee - first House
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