|SB 0453||Provides tax credits for employers who grant their employees paid maternity leave|
|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|
|Effective Date:||August 28, 2001|
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.