Pipeline · Bill → Law
Step 1
Introduced
Apr 6, 2023
Step 2
Referred
Apr 6, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill allows employers a tax credit for 10% of the excess of the aggregate amount of wages paid to specified employees (i.e., continuously-employed employees whose earned wages do not exceed $75,000 in a calendar year) in a taxable year, over the aggregate amount of wages paid to such employees during the immediately preceding calendar year. The amount of such credit may not exceed $500,000 for any employer in any taxable year.
Timeline · 2 actions
Apr 6, 2023
Introduced in House
Apr 6, 2023
Referred to the House Committee on Ways and Means.