HB 1319 -- TAX CREDIT FOR EMPLOYERS OF HIGH SCHOOL STUDENTS
(Brown, 50)

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

Beginning January 1, 2009, 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 a total of $100.  An employer can claim up
to $50,000 per year.  The program has a cumulative annual cap of
$3 million.  The credit is nonrefundable, but can be carried
forward up to four years.

To qualify, a student must be currently enrolled as a junior or
senior in high school, meet minimum attendance requirements, earn
at least a 2.0 grade point average, and be eligible for the free
or reduced-price school 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 December 31 six years from
the effective date.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of $163,341
in FY 2009, $75,187 to $3,098,459 in FY 2010, and $77,442 to
$3,113,204 in FY 2011.  No impact on Other State Funds in
FY 2009, FY 2010, and FY 2011.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:10 pm