HF 2013: Creating a growing our workforce tax credit available against the individual and corporate income taxes, the franchise tax, and the insurance premiums tax, and including effective date and retroactive applicability provisions

What it does

This bill creates a growing our workforce tax credit that is available against individual and corporate income taxes, franchise tax, and insurance premiums tax. The credit is $1,000 for each apprentice or trainee that is employed by an employer for at least seven calendar months of the tax year. “Apprentice” and “trainee” are defined in the bill. An employer is prohibited from taking the credit for more than four tax years for the same apprentice or trainee. The economic development authority is required to adopt rules to administer the bill. The bill is effective upon enactment and applies to tax years beginning on or after January 1, 2022.

House subcommittee · named January 12, 2022

• Rep. Joe Mitchell (R)
• Rep. Martin L. Graber (R)
• Rep. Cindy Winckler (D) · cindy.winckler@legis.iowa.gov

Lobbying · 1 for, 10 against

For: Dubuque Area Chamber of Commerce

Against: AFSCME Iowa Council 61; IBEW Iowa State Conference; Iowa Alliance For Retired Americans; Iowa Federation of Labor, AFL-CIO; Iowa State Building and Construction Trades; North Central States Regional Council of Carpenters; Plumbers and Steam Fitters Local 33; Teamsters Local 238; UAW Region 4; United Professionals/UE

In plain words

1. January 11, 2022Filed in the House and sent to the Ways and Means committee
2. January 12, 2022House subcommittee named: Mitchell, Graber and Winckler