To change the Business and Occupation tax credit for qualified worker training expenses to 50% of the value of such expenses. Total credits cannot exceed the lesser of $10,000 per calendar year or the amount of tax otherwise due for the calendar year. Credits cannot be carried over to subsequent years.   Official Text and Analysis.

To cap total credits at $1 million per calendar year, and make them available on a first-come, first-served basis. The Department of Revenue, rather than the Joint Legislative Audit and Review Committee, is required to report on the impact of the credits to appropriate legislative committees by December 1, 2008, and every 2 years thereafter, rather than by December 1, 2014.

To strike everything after the enacting clause and insert a new bill. H AMD 796.

To change the Business and Occupation tax credit for qualified worker training expenses to 50% of the value of such expenses.

By the Senate Labor, Commerce, Research and Development Committee, to remove provisions extending and capping the tax credit for in-house training provided by employers with more than two and less than 20 employees. A requirement that the training must be provided to employees qualifying for overtime pay is added.