Green job training; creates tax credit. (HB2241)

Introduced By

Del. Karrie Delaney (D-Centreville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Green job training tax credit. Creates an income tax credit beginning in taxable year 2019 for the expenses incurred by taxpayers in the training and transitioning of fossil fuel workers, defined in the bill, to jobs in the green energy sector. The credit equals $1,000 per employee that is transitioned to the green energy sector. In order to qualify for the credit, the worker must become employed by the taxpayer in a green job during the taxable year. The Tax Commissioner shall establish guidelines for claiming the credit. Any unused credit may be carried forward by the taxpayer for five taxable years following the taxable year for which the credit was issued. The credit expires beginning with taxable year 2024. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19103436D
01/08/2019Referred to Committee on Finance
01/15/2019Assigned Finance sub: Subcommittee #1
01/15/2019Impact statement from TAX (HB2241)
01/16/2019Subcommittee recommends passing by indefinitely (5-Y 3-N)
02/05/2019Left in Finance

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