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HI HB1276
Bill
Status
1/29/2015
Primary Sponsor
Gene Ward
Click for details
AI Summary
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Establishes an income tax credit for taxpayers who hire employees aged 65 or older for their business.
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Credit equals 50% of qualified wages paid to the senior citizen employee during the first six months of employment.
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Unused credits may be carried forward to subsequent tax years, with no annual limit specified in the bill text (amount blank).
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Senior citizen employees must certify they were not employed by another business owner claiming this credit within the preceding 24 months to qualify.
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Claims must be filed within 12 months following the taxable year, or the right to claim the credit is waived.
Legislative Description
Tax Credit; Senior Citizen Hires
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on LAB with Representative(s) Jordan, McKelvey voting aye with reservations; none voting no (0) and Representative(s) C. Lee excused (1).
2/12/2015