Bills · 2011-2012 Regular Session
the jobs tax credit.
- 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 current law, a person who undertakes certain business activities in this
state may claim an income an franchise tax credit (jobs tax credit) in an amount
determined by the Department of Commerce (Commerce), not to exceed 10 percent
of the wages paid to eligible employees who make at least $20,000, but no more than
$100,000, in the taxable year. Under this bill, a person may also claim a jobs tax
credit in an amount determined by Commerce, not to exceed 5 percent of the wages
paid to eligible employees who make more than $100,000, but no more than
$250,000, in the taxable year.
Under current law, the total amount of credits that may be allocated under the
jobs tax credit for the period beginning on January 1, 2010, and ending on June 30,
2013, is $14,500,000. Under the bill, the total amount of credits that may be allocated
under the jobs tax credit for the period beginning on January 1, 2010, and ending on
June 30, 2013, is $20,000,000.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Votes
Suspending the rules (to take a vote immediately) needs a two-thirds majority — a higher bar than passing the bill, which needs a simple majority. That's why a suspension motion can show more Ayes than the passage vote that follows it. Glossary
Assembly: Refused to suspend rules to withdraw from committee on Jobs, Economy and Small Business and take up, Ayes 37, Noes 60
Failed 37–60 Jun 21, 2011 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Full history
- Feb 4, 2011 · Assembly
Introduced by Representatives Seidel, Barca, Molepske Jr, Turner, Milroy, Staskunas, Fields, Parisi, Hintz, Berceau, Bernard Schaber, Pope-Roberts and Jorgensen;Cosponsored by Senators Hansen, Holperin and Taylor
- Feb 4, 2011 · Assembly
Read first time and referred to committee on Jobs, Economy and Small Business
- Feb 23, 2011 · Assembly
Fiscal estimate received
- Feb 23, 2011 · Assembly
Fiscal estimate received
- Jun 21, 2011 · Assembly
Refused to suspend rules to withdraw from committee on Jobs, Economy and Small Business and take up, Ayes 37, Noes 60
- Feb 16, 2012 · Assembly
Withdrawn from committee on Jobs, Economy and Small Business and referred to committee on Rural Economic Development and Rural Affairs pursuant to Assembly Rule 42 (3)(c)
- Mar 23, 2012 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1