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H.B. 101

             1     

TAX CREDITS FOR EMPLOYING A HOMELESS PERSON

             2     
2012 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Brian S. King

             5     
Senate Sponsor: ____________

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill enacts tax credits for employing a homeless person.
             10      Highlighted Provisions:
             11          This bill:
             12          .    defines terms; and
             13          .    enacts nonrefundable corporate and individual income tax credits for employing a
             14      homeless person.
             15      Money Appropriated in this Bill:
             16          None
             17      Other Special Clauses:
             18          This bill has retrospective operation for a taxable year beginning on or after January 1,
             19      2012.
             20      Utah Code Sections Affected:
             21      ENACTS:
             22          59-7-614.7, Utah Code Annotated 1953
             23          59-10-1029, Utah Code Annotated 1953
             24     
             25      Be it enacted by the Legislature of the state of Utah:
             26          Section 1. Section 59-7-614.7 is enacted to read:
             27          59-7-614.7. Nonrefundable tax credit for hiring a homeless person.


             28          (1) As used in this section:
             29          (a) "Continuously employed" means that beginning on or after January 1, 2012, a
             30      homeless person works for a corporation for at least 80 hours during each month of a
             31      six-month period that begins on the date the homeless person is hired by the corporation.
             32          (b) "Homeless person" means an individual whose primary nighttime residence is a
             33      permanent housing, permanent supportive, or transitional facility.
             34          (c) "Permanent housing, permanent supportive, or transitional facility" means a facility:
             35          (i) located within the state;
             36          (ii) that provides supervision of residents of the facility; and
             37          (iii) (A) that is a publicly or privately operated shelter designed to provide temporary
             38      living accommodations, including a welfare hotel, congregate shelter, or transitional housing
             39      for the mentally ill, and that receives federal homeless assistance funding distributed by the
             40      United States Department of Housing and Urban Development; or
             41          (B) that is an emergency shelter that receives homeless assistance funding from a
             42      county, city, or town.
             43          (2) A corporation may claim a nonrefundable tax credit as provided in this section
             44      against a tax under this chapter if the corporation hires a homeless person:
             45          (a) on or after January 1, 2012;
             46          (b) who resides in a permanent housing, permanent supportive, or transitional facility
             47      on the date the corporation hires the homeless person; and
             48          (c) who is continuously employed by the corporation.
             49          (3) A tax credit:
             50          (a) may not exceed $1,000 per homeless person a corporation hires; and
             51          (b) may be claimed only once per homeless person a corporation hires.
             52          (4) A corporation that claims a tax credit under this section shall retain the following
             53      for each homeless person with respect to whom the corporation claims a tax credit under this
             54      section:
             55          (a) the homeless person's:
             56          (i) name;
             57          (ii) taxpayer identification number; and
             58          (iii) current address, or if the homeless person is no longer employed by the


             59      corporation, the last known address of the homeless person; and
             60          (b) documentation provided by a permanent housing, permanent supportive, or
             61      transitional facility:
             62          (i) stating the address of the permanent housing, permanent supportive, or transitional
             63      facility; and
             64          (ii) establishing that the homeless person resided at the permanent housing, permanent
             65      supportive, or transitional facility on the date the corporation hired the homeless person.
             66          (5) A corporation shall provide the information described in Subsection (4) to the
             67      commission at the request of the commission.
             68          (6) A corporation may carry forward a tax credit under this section for a period that
             69      does not exceed the next five taxable years if:
             70          (a) the corporation is allowed to claim a tax credit under this section for a taxable year;
             71      and
             72          (b) the amount of the tax credit exceeds the corporation's tax liability under this chapter
             73      for that taxable year.
             74          Section 2. Section 59-10-1029 is enacted to read:
             75          59-10-1029. Nonrefundable tax credit for hiring a homeless person.
             76          (1) As used in this section:
             77          (a) "Continuously employed" means that beginning on or after January 1, 2012, a
             78      homeless person works for a claimant, estate, or trust for at least 80 hours during each month
             79      of a six-month period that begins on the date the homeless person is hired by the claimant,
             80      estate, or trust.
             81          (b) "Homeless person" means an individual whose primary nighttime residence is a
             82      permanent housing, permanent supportive, or transitional facility.
             83          (c) "Permanent housing, permanent supportive, or transitional facility" means a facility:
             84          (i) located within the state;
             85          (ii) that provides supervision of residents of the facility; and
             86          (iii) (A) that is a publicly or privately operated shelter designed to provide temporary
             87      living accommodations, including a welfare hotel, congregate shelter, or transitional housing
             88      for the mentally ill, and that receives federal homeless assistance funding distributed by the
             89      United States Department of Housing and Urban Development; or


             90          (B) that is an emergency shelter that receives homeless assistance funding from a
             91      county, city, or town.
             92          (2) A claimant, estate, or trust may claim a nonrefundable tax credit as provided in this
             93      section against a tax under this chapter if the claimant, estate, or trust hires a homeless person:
             94          (a) on or after January 1, 2012;
             95          (b) who resides in a permanent housing, permanent supportive, or transitional facility
             96      on the date the claimant, estate, or trust hires the homeless person; and
             97          (c) who is continuously employed by the claimant, estate, or trust.
             98          (3) A tax credit:
             99          (a) may not exceed $1,000 per homeless person a claimant, estate, or trust hires; and
             100          (b) may be claimed only once per homeless person a claimant, estate, or trust hires.
             101          (4) A claimant, estate, or trust that claims a tax credit under this section shall retain the
             102      following for each homeless person with respect to whom the claimant, estate, or trust claims a
             103      tax credit under this section:
             104          (a) the homeless person's:
             105          (i) name;
             106          (ii) taxpayer identification number; and
             107          (iii) current address, or if the homeless person is no longer employed by the claimant,
             108      estate, or trust, the last known address of the homeless person; and
             109          (b) documentation provided by a permanent housing, permanent supportive, or
             110      transitional facility:
             111          (i) stating the address of the permanent housing, permanent supportive, or transitional
             112      facility; and
             113          (ii) establishing that the homeless person resided at the permanent housing, permanent
             114      supportive, or transitional facility on the date the claimant, estate, or trust hired the homeless
             115      person.
             116          (5) A claimant, estate, or trust shall provide the information described in Subsection
             117      (4) to the commission at the request of the commission.
             118          (6) A claimant, estate, or trust may carry forward a tax credit under this section for a
             119      period that does not exceed the next five taxable years if:
             120          (a) the claimant, estate, or trust is allowed to claim a tax credit under this section for a


             121      taxable year; and
             122          (b) the amount of the tax credit exceeds the claimant's, estate's, or trust's tax liability
             123      under this chapter for that taxable year.
             124          Section 3. Retrospective operation.
             125          This bill has retrospective operation for a taxable year beginning on or after January 1,
             126      2012.




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    as of 1-26-12 3:22 PM


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