House of Representatives
State of Utah
UTAH STATE CAPITOL COMPLEX . 350 STATE CAPITOL
Graphic file number 0 named letter~1.jpg with height 78 p and width 81 p Left aligned
P.O. BOX 145030 . SALT LAKE CITY, UTAH 84114-5030 . (801) 538-1029 February 6, 2012
Madam Speaker:
The Revenue and Taxation Committee reports a favorable recommendation on H.B. 312,
VETERAN EMPLOYMENT TAX CREDIT, by Representative D. Ipson, with the following
amendments:
Patrick Painter
1. Page
2, Lines 42 through 48
:
42
(ii) within the last two years, has exhausted the unemployment benefits under
43
Subsection (2)(a)
44
(b) works for the corporation at least 35 hours per week for not less than 45 of the
52
45
weeks following the recently deployed veteran's start date for the employment.
46
(3) A tax credit:
47
(a) earned under this section shall be claimed
for
}
beginning in
the year
the requirements of
48
Subsection (2) are met;
2. Page
2, Line 53 through Page 3, Line 66
:
53
(4) A corporation that claims a tax credit under this section shall retain the
following
54
for each recently deployed veteran for which a tax credit is claimed under this section:
55
(a) the recently deployed veteran's:
56
(i) name;
57
(ii) taxpayer identification number;
58
(iii) last known address;
and
}
59
(iv) start date for the employment;
(v) documentation establishing that the recently deployed veteran was
employed as required under Subsection (2)(b) ;
60
(b) documentation provided by the recently deployed veteran's military service unit
61
establishing that the recently deployed veteran is a recently deployed veteran;
62
63
deployed veteran meets the requirements of Subsection (2)(a) regarding unemployment
64
benefits
; and
65
(d) a signed statement that the corporation has employed the recently deployed
veteran
66
as required under Subsection (2)(b)
}
.
3. Page
4, Lines 94 through 96
:
94
(3) A tax credit:
95
(a) earned under this section shall be claimed
for
}
beginning in
the year
the requirements of
96
Subsection (2) are met;
4. Page
4, Lines 101 through 115
:
101
(4) A claimant, estate, or trust that claims a tax credit under this section shall retain
the
102
following for each recently deployed veteran for which a tax credit is claimed under this
103
section:
104
(a) the recently deployed veteran's:
105
(i) name;
106
(ii) taxpayer identification number;
107
(iii) last known address;
and
}
108
(iv) start date of the employment;
(v) documentation establishing that the recently deployed veteran was
employed as required under Subsection (2)(b);
109
(b) documentation provided by the recently deployed veteran's military service unit
110
establishing that the recently deployed veteran is a recently deployed veteran;
111
(c) a signed statement from the Department of Workforce Services that the recently
112
deployed veteran meets the requirements of Subsection (2)(a) regarding unemployment
113
benefits
; and
114
115
deployed veteran as required under Subsection (2)(b)
}
.
Respectfully,
Committee Chair
Voting: 13-0-3
3 HB0312.HC1.wpd 2/6/12 9:46 am /PVD PLA/BNC
Bill Number
*HB0312*
HB0312