H.B. 140 Enrolled

             1     

TAX CREDIT AMENDMENTS

             2     
2014 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Brian S. King

             5     
Senate Sponsor: Curtis S. Bramble

             6      Cosponsors:
             7      Jennifer M. Seelig
             8      Rebecca Chavez-Houck
             9      Joel K. Briscoe
             10      Patrice M. Arent
             11      Steve Eliason
             12      Janice M. Fisher
             13      Gage Froerer
             14      Stephen G. HandyLynn N. Hemingway
Eric K. Hutchings
Dana L. Layton
Kay L. McIff
Carol Spackman Moss
Jim Nielson
Michael E. Noel
Dixon M. Pitcher
Marie H. PoulsonAngela Romero
Douglas V. Sagers
V. Lowry Snow
Keven J. Stratton
Earl D. Tanner
Mark A. Wheatley
Larry B. Wiley              15     
             16      LONG TITLE
             17      General Description:
             18          This bill addresses provisions related to tax credits.
             19      Highlighted Provisions:
             20          This bill:
             21          .    enacts tax credits for the employment of persons who are homeless;
             22          .    repeals provisions related to tax credits and enacts the Tax Credit Administration
             23      Act; and
             24          .    enacts the Tax Credit for Employment of Persons Who Are Homeless Act,
             25      including:
             26              .    defining terms;
             27              .    addressing the procedures and requirements for the Department of Workforce
             28      Services to authorize, and a person to claim, a tax credit; and


             29              .    requires the Department of Workforce Services to make certain reports to the
             30      Legislature.
             31      Money Appropriated in this Bill:
             32          None
             33      Other Special Clauses:
             34          This bill provides effective dates.
             35      Utah Code Sections Affected:
             36      ENACTS:
             37           35A-5-301 , Utah Code Annotated 1953
             38           35A-5-302 , Utah Code Annotated 1953
             39           35A-5-303 , Utah Code Annotated 1953
             40           35A-5-304 , Utah Code Annotated 1953
             41           35A-5-305 , Utah Code Annotated 1953
             42           35A-5-306 , Utah Code Annotated 1953
             43           59-7-616 , Utah Code Annotated 1953
             44           59-7-901 , Utah Code Annotated 1953
             45           59-7-902 , Utah Code Annotated 1953
             46           59-7-903 , Utah Code Annotated 1953
             47           59-10-1032 , Utah Code Annotated 1953
             48      REPEALS:
             49           59-7-615 , as enacted by Laws of Utah 2002, Chapter 62
             50     
             51      Be it enacted by the Legislature of the state of Utah:
             52          Section 1. Section 35A-5-301 is enacted to read:
             53     
Part 3. Tax Credit for Employment of Persons Who Are Homeless Act

             54          35A-5-301. Title.
             55          This part is known as the "Tax Credit for Employment of Persons Who Are Homeless
             56      Act."


             57          Section 2. Section 35A-5-302 is enacted to read:
             58          35A-5-302. Definitions.
             59          As used in this part:
             60          (1) "Date of hire" means the date a person who is homeless first performs labor or
             61      services for compensation for an employer.
             62          (2) "Governmental entity" is as defined in Section 59-2-511 .
             63          (3) "Permanent housing, permanent supportive, or transitional facility" means a
             64      facility:
             65          (a) located within the state;
             66          (b) that provides supervision of residents of the facility; and
             67          (c) that is:
             68          (i) a publicly or privately operated shelter:
             69          (A) designed to provide temporary living accommodations, including a welfare hotel,
             70      congregate shelter, or transitional housing for the mentally ill; and
             71          (B) that receives federal homeless assistance funding distributed by the United States
             72      Department of Housing and Urban Development; or
             73          (ii) an emergency shelter that receives homeless assistance funding from a county, city,
             74      or town.
             75          (4) "Person who is homeless" means an individual whose primary nighttime residence
             76      is a permanent housing, permanent supportive, or transitional facility.
             77          (5) "Wage requirement" means that an employer pays a person who is homeless $4,000
             78      or more in wages during a time period that:
             79          (a) begins on the date of hire; and
             80          (b) ends no later than two calendar quarters after the calendar quarter in which the date
             81      of hire occurs.
             82          Section 3. Section 35A-5-303 is enacted to read:
             83          35A-5-303. Application for tax credit certificate.
             84          (1) An employer who employs a person who is homeless and seeks to receive a tax


             85      credit certificate under this part shall file an application with the department with respect to
             86      each person who is homeless that the employer employs.
             87          (2) The application shall be on a form the department provides to the employer.
             88          (3) The application shall require the employer to certify that:
             89          (a) the person who is homeless who the employer employs:
             90          (i) on the date of hire, has a primary nighttime residence at a permanent housing,
             91      permanent supportive, or transitional facility;
             92          (ii) is an employee, and not an independent contractor, of the employer;
             93          (iii) is legally eligible to work in the United States; and
             94          (iv) has not worked for the employer for more than 40 hours during the 60-day period
             95      immediately preceding the date of hire; and
             96          (b) the employer:
             97          (i) complies with all state, federal, or local requirements related to the employment of
             98      the person who is homeless; and
             99          (ii) is not a governmental entity.
             100          (4) The application:
             101          (a) shall list, for each person who is homeless that the employer employs:
             102          (i) the person's name;
             103          (ii) the person's Social Security number; and
             104          (iii) the person's current address;
             105          (b) shall list the employer's federal employer identification number; and
             106          (c) may require additional information as determined by the department.
             107          (5) An employer shall provide documentation to the department to support the
             108      certifications and other information the employer provides in the application described in this
             109      section.
             110          (6) If the department determines that, on the basis of the documentation and other
             111      information the employer provides, the employer has satisfied the certification requirements of
             112      Subsection (3) and provided the information described in Subsection (4), the department shall


             113      enter into a participation agreement with the employer as provided in Section 35A-5-304 for
             114      each person who is homeless who the employer employs.
             115          (7) If the department determines that, on the basis of the documentation and other
             116      information the employer provides, the employer has not satisfied the certification
             117      requirements of Subsection (3) or provided the information described in Subsection (4), the
             118      department:
             119          (a) shall deny the application; or
             120          (b) inform the employer that the documentation the employer provided is inadequate
             121      and request the employer to submit new or additional documentation.
             122          Section 4. Section 35A-5-304 is enacted to read:
             123          35A-5-304. Participation agreements.
             124          (1) If the department enters into a participation agreement with an employer, the
             125      participation agreement shall:
             126          (a) be provided by the department; and
             127          (b) establish the requirements the employer is required to meet to be eligible to receive
             128      a tax credit certificate, including:
             129          (i) requiring the employer to meet the certification requirements of Subsection
             130      35A-5-303 (3);
             131          (ii) requiring the employer to provide written notice to the department within 10 days
             132      after the date the employer meets the wage requirement; and
             133          (iii) requiring the employer to provide documentation or other information the
             134      department requests:
             135          (A) to establish the hours and dates that the person who is homeless works for the
             136      employer; and
             137          (B) to support the employer's eligibility to receive a tax credit certificate under this
             138      part.
             139          (2) An agreement under this section does constitute a right to receive a tax credit
             140      certificate under this part.


             141          Section 5. Section 35A-5-305 is enacted to read:
             142          35A-5-305. Tax credit certificate.
             143          (1) An employer shall provide written notice to the department within 10 days after the
             144      date the employer meets the wage requirement as provided in the participation agreement
             145      described in Section 35A-5-304 .
             146          (2) The department shall determine whether an employer has met the requirements of
             147      the participation agreement under Section 35A-5-304 to receive a tax credit certificate:
             148          (a) after the employer provides the written notice described in Subsection (1) to the
             149      department; and
             150          (b) no later than 60 days after the date that the employer provides the department
             151      unemployment insurance wage information:
             152          (i) for the person who is homeless;
             153          (ii) as required by Subsection 35A-4-305 (8); and
             154          (iii) for each calendar quarter during which the employer pays wages to meet the wage
             155      requirement.
             156          (3) Subject to the other provisions of this section, if the department determines that an
             157      employer has met the requirements of the participation agreement under Section 35A-5-304 to
             158      receive a tax credit certificate, the department may issue a tax credit certificate to the employer.
             159          (4) A tax credit certificate under this section:
             160          (a) shall list the amount of tax credit allowable for the taxable year in an amount that
             161      does not exceed $2,000;
             162          (b) shall list the name and federal employer number of the employer;
             163          (c) shall list the name, Social Security identification number, and current address of the
             164      person who is homeless with respect to whom the employer has met the wage requirement; and
             165          (d) may include any other information required by the department.
             166          (5) Subject to Subsections (6) and (7), the department shall issue tax credit certificates
             167      under this section in the order that the department receives the written notice described in
             168      Subsection (1).


             169          (6) The department may not issue tax credit certificates that total more than $100,000
             170      in a fiscal year.
             171          (7) (a) Subject to Subsection (7)(b), if the department would have issued tax credit
             172      certificates that total more than $100,000 in a fiscal year but for the limit provided in
             173      Subsection (6), the department shall issue the tax credit certificates that exceed $100,000 in the
             174      next fiscal year.
             175          (b) If the department issues tax credit certificates in accordance with Subsection (7)(a):
             176          (i) the tax credit certificates may not total more than $100,000; and
             177          (ii) the department may not issue tax credit certificates for an amount that exceeds the
             178      limit described in Subsection (7)(b)(i) in a future fiscal year.
             179          (8) The department shall provide a copy of a tax credit certificate the department issues
             180      under this section to the State Tax Commission.
             181          Section 6. Section 35A-5-306 is enacted to read:
             182          35A-5-306. Report to the Legislature.
             183          Beginning with the 2016 interim, the department shall report annually to the Economic
             184      Development and Workforce Services Interim Committee and the Revenue and Taxation
             185      Interim Committee:
             186          (1) on or before the November interim meeting; and
             187          (2) on the amount of tax credits the department grants under this part.
             188          Section 7. Section 59-7-616 is enacted to read:
             189          59-7-616. Nonrefundable tax credit for employment of a person who is homeless.
             190          (1) As used in this section:
             191          (a) "Eligible employer" means a person who receives a tax credit certificate from the
             192      Department of Workforce Services in accordance with Title 35A, Chapter 5, Part 3, Tax Credit
             193      for Employment of Persons Who Are Homeless Act.
             194          (b) "Person who is homeless" is as defined in Section 35A-5-302 .
             195          (2) Subject to the other provisions of this section, an eligible employer that is a
             196      corporation may claim a nonrefundable tax credit as provided in this section against a tax under


             197      this chapter.
             198          (3) The tax credit under this section is the amount of tax credit listed on a tax credit
             199      certificate that the Department of Workforce Services issues to an employer for a taxable year
             200      under Title 35A, Chapter 5, Part 3, Tax Credit for Employment of Persons Who Are Homeless
             201      Act.
             202          (4) An eligible employer may carry forward a tax credit under this section for a period
             203      that does not exceed the next five taxable years if:
             204          (a) the eligible employer is allowed to claim a tax credit under this section; and
             205          (b) the amount of the tax credit exceeds the eligible employer's tax liability under this
             206      chapter for that taxable year.
             207          (5) An eligible employer shall retain a tax credit certificate the eligible employer
             208      receives from the Department of Workforce Services for the same time period a person is
             209      required to keep books and records under Section 59-1-1406 .
             210          Section 8. Section 59-7-901 is enacted to read:
             211     
Part 9. Tax Credit Administration Act

             212          59-7-901. Title.
             213          This part is known as the "Tax Credit Administration Act."
             214          Section 9. Section 59-7-902 is enacted to read:
             215          59-7-902. Definitions.
             216          As used in this part:
             217          (1) "Tax credit" means a nonrefundable tax credit listed on a tax return.
             218          (2) "Tax return" means:
             219          (a) a corporate return as defined in Section 59-7-101 filed in accordance with this
             220      chapter; or
             221          (b) a tax return filed in accordance with Chapter 8, Gross Receipts Tax on Certain
             222      Corporations Not Required to Pay Corporate Franchise or Income Tax Act.
             223          Section 10. Section 59-7-903 is enacted to read:
             224          59-7-903. Removal of tax credit from tax return -- Prohibition on claiming or


             225      carrying forward a tax credit -- Commission reporting requirements.
             226          (1) Subject to Subsection (2), the commission shall remove a tax credit from a tax
             227      return and a person filing a tax return may not claim or carry forward the tax credit if:
             228          (a) the total amount of tax credit claimed or carried forward by all persons who file a
             229      tax return is less than $10,000 per taxable year for three consecutive taxable years; and
             230          (b) less than 10 persons per year for the three consecutive taxable years described in
             231      Subsection (1)(a) file a tax return claiming or carrying forward the tax credit.
             232          (2) If the commission determines the requirements of Subsection (1) are met, the
             233      commission shall remove a tax credit from a tax return and a person filing a tax return may not
             234      claim or carry forward the tax credit beginning two taxable years after the January 1
             235      immediately following the date the commission determines the requirements of Subsection (1)
             236      are met.
             237          (3) The commission shall, on or before the November interim meeting of the year after
             238      the taxable year in which the commission determines the requirements of Subsection (1) are
             239      met:
             240          (a) report to the Revenue and Taxation Interim Committee that, in accordance with this
             241      section:
             242          (i) the commission is required to remove a tax credit from a return on which the tax
             243      credit appears; and
             244          (ii) a person filing a tax return may not claim or carry forward the tax credit; and
             245          (b) notify each state agency required by statute to assist in the administration of the tax
             246      credit that, in accordance with this section:
             247          (i) the commission is required to remove a tax credit from a return on which the tax
             248      credit appears; and
             249          (ii) a person filing a tax return may not claim or carry forward the tax credit.
             250          Section 11. Section 59-10-1032 is enacted to read:
             251          59-10-1032. Nonrefundable tax credit for employment of a person who is
             252      homeless.


             253          (1) As used in this section:
             254          (a) "Eligible employer" means a person who receives a tax credit certificate from the
             255      Department of Workforce Services in accordance with Title 35A, Chapter 5, Part 3, Tax Credit
             256      for Employment of Persons Who Are Homeless Act.
             257          (b) "Person who is homeless" is as defined in Section 35A-5-302 .
             258          (2) Subject to the other provisions of this section, an eligible employer that is a
             259      claimant, estate, or trust may claim a nonrefundable tax credit as provided in this section
             260      against a tax under this chapter.
             261          (3) The tax credit under this section is the amount of tax credit listed on a tax credit
             262      certificate that the Department of Workforce Services issues to an employer for a taxable year
             263      under Title 35A, Chapter 5, Part 3, Tax Credit for Employment of Persons Who Are Homeless
             264      Act.
             265          (4) An eligible employer may carry forward a tax credit under this section for a period
             266      that does not exceed the next five taxable years if:
             267          (a) the eligible employer is allowed to claim a tax credit under this section; and
             268          (b) the amount of the tax credit exceeds the eligible employer's tax liability under this
             269      chapter for that taxable year.
             270          (5) An eligible employer shall retain a tax credit certificate the eligible employer
             271      receives from the Department of Workforce Services for the same time period a person is
             272      required to keep books and records under Section 59-1-1406 .
             273          Section 12. Effective dates.
             274          (1) Except as provided in Subsection (2), this bill takes effect on May 13, 2014.
             275          (2) The actions affecting the following sections take effect for a taxable year beginning
             276      on or after January 1, 2015:
             277          (a) Section 59-7-616 ;
             278          (b) Section 59-7-901 ;
             279          (c) Section 59-7-902 ;
             280          (d) Section 59-7-903 ; and


             281          (e) Section 59-10-1032 .
             282          Section 13. Repealer.
             283          This bill repeals:
             284          Section 59-7-615 , Removal of tax credit from tax form and prohibition on claiming
             285      or carrying forward a tax credit -- Conditions for removal and prohibition on claiming or
             286      carrying forward a tax credit -- Commission reporting requirements.


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