BILL REQ. #:  S-4427.1 

READ FIRST TIME 02/03/12.   

     AN ACT Relating to creating a business and occupation tax credit for hiring certain persons in manufacturing; and adding a new section to chapter 82.04 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION.  Sec. 1   A new section is added to chapter 82.04 RCW to read as follows:
     (1) In computing the tax imposed under this chapter, employers may take a credit for the costs of training interns, apprentices, or permanent employees in high demand advanced manufacturing positions. Employers receiving the credit may not have more than one hundred full-time equivalent employees on their payroll.
     (2) The credit allowed under this section is equal to fifty percent of the costs under subsection (1) of this section. The credit may not exceed five thousand dollars per employee. The credit earned by an employer in one calendar year may be carried over to be credited against taxes incurred in a subsequent calendar year. An employer may not receive a credit in excess of two hundred thousand dollars per year.
     (3)(a) Employers claiming the credit provided in this section must:
     (i) Have their training program certified by Impact Washington; and
     (ii) File a complete annual survey with the department under RCW 82.32.585.