HB 1697 -- Tax Credits

Sponsor:  Brown (50)

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
$100.  An employer can claim up to $50,000 per year.  The program
has a cumulative annual cap of $3 million.

To qualify, a student must be currently enrolled as a junior or
senior in high school, meet minimum attendance requirements, earn
a grade point average of 2.0 or better, and be eligible for the
free or reduced 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 six years from the
effective date.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:44 am