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GA HB1642
Bill
Status
Introduced
4/4/2022
Primary Sponsor
Marvin Lim
Click for details
AI Summary
- Creates a Georgia state income tax credit for employers equal to $4,800 or 50% of wages paid per apprentice per taxable year, whichever is less
- Defines eligible apprentices as persons at least 16 years old with a written apprentice agreement requiring no less than 2,000 hours of continual employment and 150 hours per year of related instruction
- Limits eligible occupations to computer occupations, healthcare technologists/technicians, healthcare support occupations, and production occupations in the manufacturing industry, as defined by Standard Occupational Classification codes
- Credit is fully refundable — if the credit exceeds the taxpayer's income tax liability, 100% of the remaining balance may be refunded
- Effective January 1, 2023, applicable to taxable years beginning on or after that date
Legislative Description
Income tax; new tax credit for apprentices; provide
Last Action
House Hopper
4/4/2022
Full Bill Text
No bill text available