HB 758 -- Tax Credits for Employers of High School Students

Sponsor:  Brown (50)

This bill authorizes a tax credit for employers who hire
qualified high school students for summer jobs.  The tax credit
is equal to 35% of the wages paid to the student employee, but
can only be claimed if the employer pays the student at least a
total of $100.  An employer can claim up to $50,000 per year.
The program has a cumulative annual cap of $3 million.

To qualify, a student must be currently enrolled as a junior or
senior in high school, meet minimum attendance requirements, earn
a grade point average of 2.0 or better, and be eligible for the
free or reduced school lunch program.  Students who are home
schooled and meet these requirements are also eligible.  The
Department of Elementary and Secondary Education must establish a
procedure by which an employer can determine if he or she is
eligible to receive the tax credit based on if the student
employee qualifies.  The department must also track students for
whom employers receive this tax credit.

The provisions of the bill will expire on December 31 six years
from the effective date.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:20 am