CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Senate Bill No. 635Introduced by Senator HuesoFebruary 22, 2019 An act relating to taxation. LEGISLATIVE COUNSEL'S DIGESTSB 635, as introduced, Hueso. Employment tax credit.The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.This bill would state the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35% of the qualified wages paid to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed $15,000 per taxpayer per taxable year.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35 percent of the qualified wages paid by a taxpayer to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed fifteen thousand dollars ($15,000) per taxpayer per taxable year.
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Senate Bill No. 635Introduced by Senator HuesoFebruary 22, 2019 An act relating to taxation. LEGISLATIVE COUNSEL'S DIGESTSB 635, as introduced, Hueso. Employment tax credit.The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.This bill would state the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35% of the qualified wages paid to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed $15,000 per taxpayer per taxable year.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION
Senate Bill No. 635
Introduced by Senator HuesoFebruary 22, 2019
Introduced by Senator Hueso
February 22, 2019
An act relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
SB 635, as introduced, Hueso. Employment tax credit.
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.This bill would state the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35% of the qualified wages paid to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed $15,000 per taxpayer per taxable year.
The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws.
This bill would state the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35% of the qualified wages paid to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed $15,000 per taxpayer per taxable year.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35 percent of the qualified wages paid by a taxpayer to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed fifteen thousand dollars ($15,000) per taxpayer per taxable year.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35 percent of the qualified wages paid by a taxpayer to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed fifteen thousand dollars ($15,000) per taxpayer per taxable year.
SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35 percent of the qualified wages paid by a taxpayer to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed fifteen thousand dollars ($15,000) per taxpayer per taxable year.
SECTION 1. It is the intent of the Legislature to enact legislation that would allow a credit against the taxes imposed by the Personal Income Tax Law and the Corporation Tax Law in an amount equal to 35 percent of the qualified wages paid by a taxpayer to employees that are 18 to 25 years of age, inclusive, who complete a work readiness program, not to exceed fifteen thousand dollars ($15,000) per taxpayer per taxable year.
### SECTION 1.