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IA HF2017
Bill
Status
1/13/2026
Primary Sponsor
Chad Ingels
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AI Summary
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Creates a state work opportunity tax credit equal to 100% of the federal work opportunity tax credit under Internal Revenue Code Section 51, which provides credits based on a percentage of wages paid to workers who face barriers to entering the workforce.
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Applies to both individual and corporate income taxes for tax years beginning on or after January 1, 2026.
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Credit is non-refundable, but excess credit amounts may be carried forward to the following tax year.
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Applies retroactively to January 1, 2026.
Legislative Description
A bill for an act creating a state work opportunity tax credit available against the individual and corporate income taxes, and including retroactive applicability provisions.
Last Action
Subcommittee recommends passage.
1/22/2026