HB 1642 -- Tax Credit for Employers of Certain High School
Students

Sponsor:  Brown (50)

Beginning January 1, 2011, this bill authorizes a tax credit for
employers who hire qualified high school students for summer
jobs.  The tax credit is equal to 35% of the wages paid to the
student employee, but can only be claimed if the employer pays
the student at least a total of $100.  An employer can claim up
to $50,000 per year.  The program has a cumulative annual cap of
$3 million.  The credit is nonrefundable, but can be carried
forward up to four years.

To qualify, a student must be currently enrolled as a junior or
senior in high school, meet minimum attendance requirements, earn
at least a 2.0 grade point average, and be eligible for the
federal free or reduced-price school lunch program.  Students who
are home schooled and meet these requirements are also eligible.
The Department of Elementary and Secondary Education must
establish a procedure by which an employer can determine if he or
she is eligible to receive the tax credit based on if the student
employee qualifies.  The department must also track students for
whom employers receive this tax credit.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:11 pm