Plain English Breakdown
The effective date is not specified in the provided materials.
Tax Credit for High-Tech Workers in Rural Counties
This bill creates a state income tax credit for workforce-ready graduates who work full-time in high-tech jobs located in rural counties.
What This Bill Does
- Provides an income tax credit to workforce-ready graduates employed in high-tech, full-time positions within rural counties.
- Requires the Department of Labor to establish specific criteria and rules for this program.
- Sets conditions and limitations on how much or when the credit can be claimed.
- Defines key terms needed to understand who qualifies for the credit.
Who It Names or Affects
- Graduates who are ready to work in high-tech fields
- Employers hiring full-time workers for high-tech jobs in rural counties
Limits and Unknowns
- The exact dollar amount of the tax credit is not stated.
- Specific definitions of 'high-tech' jobs or which counties count as 'rural' will be set by future rules from the Department of Labor.