In these days of “the Big Quit,” when workers are leaving their jobs in record numbers, what can a business do to find qualified employees to fill open positions?
Perhaps they are currently on the company’s staff. But the key word is “qualified,” and those workers may need more education to move into a particular position. And that costs money.
A tax credit might make that more palatable to a business. Such as the one proposed by Rep. Kristin Robbins (R-Maple Grove) in HF3564.
It would establish a tax credit against the individual income tax and corporate franchise tax equal to 50% of training costs paid by an employer. It would be limited to $750 per employee, and be capped at $100,000 per qualified employer.
On Thursday, the House Taxes Committee laid the bill over for possible omnibus bill inclusion after it was amended to include language that would limit eligibility to employees earning $92,231 or less per year. Its Senate companion, SF3334, sponsored by Sen. Carla Nelson (R-Rochester), awaits action by the Senate Taxes Committee.