HB1957 Creates an income tax credit for employers who grant employees paid leave to volunteer at public schools or to attend school sponsored functions of their children.
Sponsor: Fraser, Barbara (83) Effective Date:00/00/0000
CoSponsor: Gaw, Steve (22) LR Number: 3540L.02I
Last Action: COMMITTEE: EDUCATION - ELEMENTARY AND SECONDARY
03/27/2000 - Public Hearing Held (H)
HB1957
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1957 Copyright(c)
* Introduced

Available Bill Text for HB1957
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1957 -- Income Tax:  Credit for Educational Leave

Co-Sponsors:  Fraser, Fitzwater, Hagen-Harrell, Tudor, Black,
Gaw, Skaggs, Merideth

This bill authorizes employers an income tax credit for paid
leave granted to employees to volunteer at a public school
sponsored function with an educational purpose.  The employee
must be attending a function of their biological, adopted, step
or foster child or of a child for whom the employee is the legal
guardian.

The income tax credit for the employer will be equal to 50% of
the amount of federal minimum wage for each hour of paid leave
granted to an employee.  The tax credit is refundable and the
maximum statewide credits authorized cannot exceed $5 million.

The employer must submit an application for the tax credit with
the Department of Labor and Industrial Relations and obtain a
certificate of tax credit prior to applying the credit to tax
liability.  The department will issue the tax credits in the
order they are received.


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