IN HB1606 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 19 2023 - 25% progression, died in committee
Action: 2023-01-19 - First reading: referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Employer tax credit for apprenticeship programs. Provides for a nonrefundable apprenticeship tax credit (credit) for an eligible employer. Provides that the amount of the credit is equal to not more than $1,250 for each apprentice employed. Provides that an eligible employer may claim: (1) a credit for not more than 10 apprentices employed for a taxable year; and (2) the credit for an individual apprentice for not more than three taxable years. Provides that the total amount of credits that may be awarded for a state fiscal year may not exceed $10,000,000. Allows the department of state revenue to adopt rules to implement the credit.

Tracking Information

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Title

Employer tax credit for apprenticeship programs.

Sponsors


History

DateChamberAction
2023-01-19HouseFirst reading: referred to Committee on Ways and Means
2023-01-19HouseAuthored by Representative Behning
2023-01-19HouseCoauthored by Representative Teshka

Subjects


Indiana State Sources


Bill Comments

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