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HI HB1276
Bill
Status
Introduced
1/29/2015
Primary Sponsor
Gene Ward
Click for details
AI Summary
- Allows taxpayers to claim an income tax credit for hiring employees who are 65 years of age or older
- Credit amount equals 50% of qualified wages paid to the senior citizen employee during the first six months of employment
- Unused credits may be carried forward to subsequent taxable years until exhausted
- Senior citizen employees must certify they were not employed by another business owner claiming this credit within the 24 months prior to hire date
- Claims must be filed within 12 months following the taxable year in which the credit is claimed
Legislative Description
Tax Credit; Senior Citizen Hires
Last Action
Carried over to 2016 Regular Session.
12/17/2015
Committee Referrals
Labor & Public Employment2/12/2015
Economic Development & Business2/2/2015
Full Bill Text
No bill text available