HB 837 -- Tax Credit for Employers

Sponsor:  Brown (50)

This bill authorizes, beginning January 1, 2006, a tax credit for
employers who hire certain high school students for summer jobs.
The student must have met the minimum attendance requirements,
earned at least a 2.0 grade point average, and be eligible for
the free or reduced-lunch program.  The Department of Elementary
and Secondary Education will provide a procedure for employers to
determine qualified high school students.

The credit is non-refundable, but can be carried forward for four
years.  The credit amount is equal to the wages paid to qualified
high school students, up to $50,000 annually.  The cumulative
amount of the credit is limited to $1 million per fiscal year.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm