Bills · 2009-2010 Regular Session
an income and franchise tax credit for wages paid to an employee who is deployed or called to active duty with the national guard or a reserve unit of the U.S. armed forces.
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, 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 taxpayer may claim an income and franchise tax credit in an
amount equal to 20 percent of the amount of wages that the taxpayer paid in the
taxable year to the taxpayer's employees who are members of the national guard or
a reserve unit of the U.S. armed forces and who, in the taxable year, are deployed or
called into active duty with the national guard or reserve unit. The maximum
amount of the credit that a taxpayer may claim in a taxable year is $10,000. If the
credit amount exceeds the amount of the taxpayer's tax liability, the taxpayer does
not receive a refund, but, instead, may carry forward the amount of the unused credit
to subsequent taxable years.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- May 4, 2009 · Senate
Introduced by Senators Harsdorf and Taylor;Cosponsored by Representatives Townsend, LeMahieu, Nass, Spanbauer, A. Ott, Vos, Gunderson, Lothian, Brooks and Knodl
- May 4, 2009 · Senate
Read first time and referred to committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue
- May 22, 2009 · Senate
Fiscal estimate received
- Apr 28, 2010 · Senate
Failed to pass pursuant to Senate Joint Resolution 1