Requests a study and report on administrative actions necessary to facilitate an eventual expansion of the La. Youth Jobs Tax Credit Program (EN NO IMPACT See Note)
Impact
If implemented, the findings and recommendations from the proposed study could lead to significant changes in the Youth Jobs Tax Credit Program. Currently, the program allows nonrefundable tax credits for businesses hiring eligible youth based on their employment duration. By considering summer employment options, the state could adapt its workforce development strategies to better align with both youth needs and business requirements, ultimately fostering a more supportive environment for youth entering the job market.
Summary
HCR93 is a House Concurrent Resolution urging the Louisiana Department of Revenue and the Louisiana Workforce Commission to study the necessary administrative actions for expanding the Louisiana Youth Jobs Tax Credit Program. The resolution emphasizes the critical need to enhance employment opportunities for young individuals aged 16 to 23, who are entering the workforce, by potentially providing businesses with tax credits for hiring them. The exploration involves consideration of additional provisions for summer employment, thereby offering businesses more flexible hiring options for young workers.
Sentiment
The sentiment surrounding HCR93 appears to be positive, reflecting a collective desire among stakeholders to improve youth employment rates and workforce readiness. Lawmakers and agencies are recognizing the importance of supporting younger generations as they transition into the workforce. This resolution underscores a proactive approach to workforce challenges and aims to gather insights from key stakeholders, fostering collaboration among education, business, and government sectors.
Contention
While the resolution does not contain prominent points of contention, it mentions the need for collaboration with various stakeholders, which may introduce different perspectives on the optimal administrative actions needed for program expansion. The reliance on future findings leaves room for public input on the operational aspects of the proposed changes, indicating potential opportunities for dialogue regarding the most effective pathways to improve youth employment through tax incentives.
Extends the duration of the La. Youth Jobs Tax Credit program and provides relative to eligibility factors associated with the program (OR DECREASE GF RV See Note)
Establishes the High Impact Job Program within Louisiana Economic Development and provides for administration of the program (EN SEE FISC NOTE SD EX See Note)
Creates the Anchor Home Task Force to study the feasibility of offering tax credits to incentivize the hiring of resident Louisiana college graduates to live and work in Louisiana the first five years after graduation. (EN SEE FISC NOTE GF EX See Note)
Urges and requests the Louisiana State Law Institute to study and make recommendations regarding expiditing the sale of adjudicated tax-delinquent property (EN NO IMPACT See Note)
A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; establishing the new jobs training program interim study committee; the research activities credit; and including effective date provisions.(Formerly SF 2301, SSB 3103.)
Commends and recognizes Film Louisiana for its contributions to economic development and designates April 15, 2026, as Film Louisiana Day at the Louisiana State Capitol
Requests the health profession licensing boards to work with the commissioner of administration to identify funds from their cash and cash equivalent year-end balances that can be transferred into the state general fund.