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 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
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
- Jan 29, 2019 · Senate
Introduced by Senators Feyen, Darling and Nass; cosponsored by Representatives Rohrkaste, Gundrum, Horlacher, Kulp, Ramthun, Rodriguez and Skowronski
- Jan 29, 2019 · Senate
Read first time and referred to Committee on Agriculture, Revenue and Financial Institutions
- Feb 12, 2019 · Senate
Fiscal estimate received
- Feb 15, 2019 · Senate
Senate Amendment 1 offered by Senator Feyen
- Feb 19, 2019 · Senate
Public hearing held
- Mar 6, 2019 · Senate
Fiscal estimate received
- Apr 1, 2020 · Senate
Failed to pass pursuant to Senate Joint Resolution 1