SB453 - Provides tax credits for employers who grant their employees paid maternity leave

SB 0453

Provides tax credits for employers who grant their employees paid maternity leave

Sponsor:	Dougherty
LR Number:	1836L.01I	Fiscal Note:	1836-01
Committee:	Ways and Means
Last Action:	02/12/01 - Second Read and Referred S Ways & Means Committee		Journal page:	S235
Title:
Effective Date:	August 28, 2001

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Current Bill Summary

SB 453 - This act would grant a credit against taxes due pursuant to Chapter 143, RSMo, (Income Tax) except for Sections 143.191 to 143.265 (Withholding Tax) for an employer who grants an employee paid maternity leave.

The credit would be in an amount equal to fifty percent of the amount of maternity leave wages paid by the employer for the first six months of paid maternity leave per employee.

Any amount of tax credit which exceeds the tax due shall be refunded, but shall not be carried forward to any subsequent taxable year and shall not be transferrable.
TOM MORTON