Income Tax Credit – Small Businesses – Student Interns and Apprentices

Bill Number:  HB0896

Bill Sponsor(s):  Delegate Rose

Subject:  Ways and Means

Bill Summary:

Allowing a credit against the State income tax for certain small businesses that hire high school or college interns or apprentices under certain circumstances; providing that the credit may not exceed $7,500 for any taxable year; requiring a small business to submit certain documentation to qualify for the credit; providing that certain organizations exempt from taxation may receive the credit as a refund under certain circumstances; applying the Act to all taxable years beginning after December 31, 2018; etc.

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