HB1316 Creates an income tax credit for employers who offer paid maternity leave.
Sponsor: Dougherty, Patrick (67) Effective Date:00/00/0000
CoSponsor: LR Number: 2497L.01I
Last Action: COMMITTEE: WAYS AND MEANS
04/04/2000 - Public Hearing Held (H)
HB1316
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1316 Copyright(c)
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Available Bill Text for HB1316
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BILL SUMMARIES

INTRODUCED

HB 1316 -- Income Tax:  Credit for Maternity Leave

Sponsor:  Dougherty

This bill authorizes a state income tax credit to employers who
grant employees paid maternity leave.

The credit will be equal to 75% of the amount of maternity leave
wages paid by the employer for the first 6 months of paid
maternity leave per employee to the extent the wages are
included in the employer's federal adjusted gross income after
the subtraction of the allowable federal deductions.

The credit is refundable, but excesses cannot be carried forward
or back.  The credit is not transferable.

The bill will apply to tax year 2000 and thereafter.


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Last Updated October 5, 2000 at 11:32 am