Bills · 2019-2020 Regular Session
Relating to: an income and franchise tax credit for paid interns and making an appropriation. (FE)
Corporation — Taxation Franchise — Taxation Freedom of speech and press Income 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
This bill allows a person to claim an income and franchise tax credit equal to
$2,500 for each intern who performs work in this state for the person and for whom
the person provides compensation for performing the work. No person may claim the
credit for more than 40 interns in any taxable year. If the amount of the credit
exceeds the person's tax liability, the person receives a refund of the excess amount.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Feb 8, 2019 · Assembly
Introduced by Representatives Rohrkaste, Gundrum, Horlacher, Kulp, Ramthun, Rodriguez and Skowronski; cosponsored by Senators Feyen, Darling and Nass
- Feb 8, 2019 · Assembly
Read first time and referred to Committee on Ways and Means
- Feb 19, 2019 · Assembly
Fiscal estimate received
- Apr 1, 2020 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1