The Missouri Governor July 6 signed a law providing incentives for certain individuals to obtain employment-related skills, for corporate income and individual income tax purposes. The law includes measures: 1) providing the criteria for all tax years beginning on or after Jan. 1, 2024, for which a taxpayer shall be allowed to claim a tax credit against the taxpayer’s state tax liability in an amount equal to $1,500 for each intern or apprentice hired at a pay rate equal to or greater than minimum wage; 2) stating that the total amount of tax credits claimed by a taxpayer shall not ...
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