SB 416
Increases the maximum gross income for eligibility for the Fast Track Workforce Incentive Grant
Sponsor:
LR Number:
0782S.01I
Committee:
Last Action:
1/8/2025 - S First Read
Journal Page:
S52
Title:
Effective Date:
August 28, 2025

Current Bill Summary

SB 416 - This act increases the maximum gross income for eligibility for the Fast Track Workforce Incentive Grant from $80,000 to $100,000 for taxpayers who are married filing jointly and from $40,000 to $50,000 for all other taxpayers, adjusted annually based on inflation.

This act is identical to SB 1056 (2024) and substantially similar to HB 2278 (2024) and a provision in SCS/HCS/HB 1569 (2024).

OLIVIA SHANNON

Amendments

No Amendments Found.