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IN SB0560
Bill
Status
1/18/2017
Primary Sponsor
Doug Eckerty
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AI Summary
Senate Bill 560 Summary
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Creates the work opportunity grant program administered by the Department of Workforce Development to award grants to employers who retain eligible employees for more than one year of employment.
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Defines eligible employees as Indiana residents who are qualified ex-felons, qualified veterans, or qualified long-term unemployment recipients under Section 51(d) of the Internal Revenue Code, and for whom the employer has claimed or is eligible to claim a federal tax credit.
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Grant amount equals 40% of an eligible employee's qualified second-year wages, with applications accepted between the first and third anniversary of hire date or before January 1, 2020.
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Grants employers who receive awards a 15% purchasing preference when submitting offers to governmental bodies for supplies.
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Program expires December 31, 2020, and becomes effective July 1, 2017.
Legislative Description
Work opportunity grant program. Creates the work opportunity grant program (program) to provide grants to employers that continue to employ certain eligible employees into a second year of employment. Provides that the department of workforce development administers the program. Creates a purchasing preference for employers that are awarded a grant under the program.
Last Action
First reading: referred to Committee on Appropriations
1/18/2017