2018 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Sturtevant
Tax Credit for School Apprenticeship Pilot in City of Richmond (language only)

Item 0 #6s

Item 0 #6s



Page 1, strike line 26 and insert:

"Official Revenue Estimates                  $20,096,365,623                    $20,892,160,991                    $40,988,526,614"


(This amendment accompanies a legislative draft (LD 18104031) that would provide for a two-year tax credit pilot program to match students in Richmond City Public Schools with paid apprenticeships in STEM and high demand fields. It would provide tax credits for employers based on the criteria outlined in the bill and would allow up to 25 students to participate per semester in the program. As a placeholder, this amendment assumes a reduction in general fund revenues of $125,000 each year. The actual revenue impact is to be determined.)