HCS HB 891 -- TAX CREDITS FOR HIRING DISABLED WORKERS (Kratky)

COMMITTEE OF ORIGIN:  Special Committee on Job Creation and
Economic Development

This substitute authorizes a tax credit for a business employing
a disabled worker against a company's corporate income tax;
corporate franchise tax; financial institutions tax; or bridge,
express, and public utility company tax.  Individuals are
excluded from this tax credit.  The amount of the credit is based
on the disabled employee's average hours worked per week in a
taxable year.  If the average is at least 10 hours, the credit
will be $1,000 per disabled employee; $1,500 if the average is at
least 20 hours; and $3,000 if the average is at least 40 hours.
The credit cannot be refunded, carried over, or transferred.

The provisions of the substitute will expire six years from the
effective date.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of $0 in FY
2008, More than $100,000 in FY 2009, and More than $100,000 in FY
2010.  No impact on Other State Funds in FY 2008, FY 2009, and FY
2010.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:20 am