Louisiana House Bill HCR93

Louisiana 2024 Regular Session

• Introduced: 4/30/24
• Refer: 5/1/24
• Report Pass: 5/6/24
• Engrossed: 5/15/24
• Refer: 5/16/24
• Passed: 5/31/24

Caption

Requests a study and report on administrative actions necessary to facilitate an eventual expansion of the La. Youth Jobs Tax Credit Program (EN NO IMPACT See Note)

Impact

If implemented, the findings and recommendations from the proposed study could lead to significant changes in the Youth Jobs Tax Credit Program. Currently, the program allows nonrefundable tax credits for businesses hiring eligible youth based on their employment duration. By considering summer employment options, the state could adapt its workforce development strategies to better align with both youth needs and business requirements, ultimately fostering a more supportive environment for youth entering the job market.

Summary

HCR93 is a House Concurrent Resolution urging the Louisiana Department of Revenue and the Louisiana Workforce Commission to study the necessary administrative actions for expanding the Louisiana Youth Jobs Tax Credit Program. The resolution emphasizes the critical need to enhance employment opportunities for young individuals aged 16 to 23, who are entering the workforce, by potentially providing businesses with tax credits for hiring them. The exploration involves consideration of additional provisions for summer employment, thereby offering businesses more flexible hiring options for young workers.

Sentiment

The sentiment surrounding HCR93 appears to be positive, reflecting a collective desire among stakeholders to improve youth employment rates and workforce readiness. Lawmakers and agencies are recognizing the importance of supporting younger generations as they transition into the workforce. This resolution underscores a proactive approach to workforce challenges and aims to gather insights from key stakeholders, fostering collaboration among education, business, and government sectors.

Contention

While the resolution does not contain prominent points of contention, it mentions the need for collaboration with various stakeholders, which may introduce different perspectives on the optimal administrative actions needed for program expansion. The reliance on future findings leaves room for public input on the operational aspects of the proposed changes, indicating potential opportunities for dialogue regarding the most effective pathways to improve youth employment through tax incentives.