Bill Text: HI SB1136 | 2015 | Regular Session | Amended
Bill Title: Income Tax; Vocational Rehabilitation Referrals
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2015-05-21 - Act 053, on 5/20/2015 (Gov. Msg. No. 1153). [SB1136 Detail]
Download: Hawaii-2015-SB1136-Amended.html
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THE SENATE |
S.B. NO. |
1136 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO SECTION 235-55.91, HAWAII REVISED STATUTES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 235-55.91, Hawaii Revised Statutes, is amended by amending subsection (e) to read as follows:
"(e) The following wages paid to vocational rehabilitation referrals are ineligible to be claimed by the employer for this credit:
(1) No wages shall be taken into account under this section with respect to a vocational rehabilitation referral who:
(A) Bears any of the relationships described
in section [152(a)(1) to (8)] 152(d)(2)(A) to (G) of the Internal
Revenue Code to the taxpayer, or, if the taxpayer is a corporation, to an
individual who owns, directly or indirectly, more than fifty per cent in value
of the outstanding stock of the corporation (determined with the application of
section 267(c) of the Internal Revenue Code);
(B) If the taxpayer is an estate or trust, is
a grantor, beneficiary, or fiduciary of the estate or trust, or is an
individual who bears any of the relationships described in section [152(a)(1)
to (8)] 152(d)(2)(A) to (G) of the Internal Revenue Code to a
grantor, beneficiary, or fiduciary of the estate or trust; or
(C) Is a dependent (described in section [152(a)(9)]
152(d)(2)(H) of the Internal Revenue Code) of the taxpayer, or, if the
taxpayer is a corporation, of an individual described in subparagraph (A), or,
if the taxpayer is an estate or trust, of a grantor, beneficiary, or fiduciary
of the estate or trust.
(2) No wages shall be taken into account under this section with respect to any vocational rehabilitation referral if, prior to the hiring date of the individual, the individual had been employed by the employer at any time during which the individual was not a vocational rehabilitation referral.
(3) No wages shall be taken into account under this section with respect to any vocational rehabilitation referral unless such individual either:
(A) Is employed by the employer at least ninety days; or
(B) Has completed at least one hundred-twenty hours of services performed for the employer."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
Report Title:
Income Tax; Vocational Rehabilitation Referrals
Description:
Updates Internal Revenue Code citations in the state law relating to tax credits for the employment of vocational rehabilitation referrals. (SB1136 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
