Bills · 2009-2010 Regular Session
an income and franchise tax credit for new small businesses that hire interns.
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under this bill, a new small business may claim an income and franchise tax
credit of $1,000 for hiring an intern. In order for the business to receive the credit,
the intern must be enrolled at a public or private postsecondary institution, work at
least 20 hours per week for one semester, and receive course credit for the internship.
A business may claim the credit only once. Under the bill, a new small business is
a business that employs no more than ten employees in this state and is organized
in this state on a date that is not more than 12 months from the date on which the
intern starts his or her employment.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Introduced by: Hixson (D)
Full history
- Mar 29, 2010 · Assembly
Introduced by Representative Hixson
- Mar 29, 2010 · Assembly
Read first time and referred to committee on Ways and Means
- Apr 6, 2010 · Assembly
Public hearing held
- Apr 14, 2010 · Assembly
Fiscal estimate received
- Apr 14, 2010 · Assembly
Assembly amendment 1 offered by Representative Wood
- Apr 28, 2010 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1