6326-S2 AMH CHAB ENSL 038

2SSB 6326 - H AMD TO APP COMM AMD (H-5457.1/06) 1076

By Representative Chandler

WITHDRAWN 3/4/2006

   On page 2, line 5, after "equal to" strike "fifty" and insert "twenty"

   On page 2, line 6, after "maximum of" strike "five" and insert "two"

   On page 2, line 16, after "one million" strike "five hundred thousand"

   On page 2, beginning on line 21, after "one million" strike "five hundred thousand"

   On page 3, beginning on line 14, after "tuition reimbursements" strike "unless the tuition reimbursement is specifically included in a contract"

   On page 3, after line 15, strike all of the material through "1st" on page 4, line 30

   On page 5, beginning on line 1, strike all of section 6

   Renumber the remaining sections consecutively, and correct any internal references accordingly

EFFECT: Employers may receive a B&O tax credit of 20% of customized training cost rather than 50%. Establishes a cap of $200,000 per employer annually compared to $500,000 and limits the amount of total tax credits that my be claimed to $1.0 million annually rather than $1.5 million. The definition for customized training costs includes tuition reimbursement regardless of whether it is specifically include in a contract. Removes the provisions requiring the participating employers to report to the Department of Revenue annually.