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]
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.
Title
Employer tax credit for apprenticeship programs.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-01-19 | House | First reading: referred to Committee on Ways and Means |
2023-01-19 | House | Authored by Representative Behning |
2023-01-19 | House | Coauthored by Representative Teshka |
Subjects
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2023/bills/house/1606/details |
Text | https://iga.in.gov/legislative/2023/bills/house/1606/#1.INTR |