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Amend HB 2790 (house committee printing) as follows:
(1) Add the following appropriately numbered SECTION to the bill and renumber subsequent SECTIONS of the bill accordingly:
SECTION ____. (a) Chapter 171, Tax Code, is amended by adding Subchapter R to read as follows:
SUBCHAPTER R. TAX CREDIT FOR PAID APPRENTICESHIP TRAINING PROGRAM INTERNSHIPS GIVEN TO CERTAIN STUDENTS
Sec. 171.871. DEFINITIONS. In this subchapter:
(1) "Apprenticeship training program" has the meaning assigned by Section 133.001, Education Code.
(2) "Eligible internship program" means a paid internship or similar program that is a component of an apprenticeship training program.
(3) "Eligible student" means a student who has reached the minimum age required under Chapter 51, Labor Code, to legally work in the eligible internship program and who is:
(A) a homeschooled student;
(B) enrolled in a public, private, or charter high school; or
(C) enrolled full-time or part-time in a public junior college.
(4) "Public junior college" has the meaning assigned by Section 61.003, Education Code.
Sec. 171.872. ENTITLEMENT TO CREDIT. A taxable entity is entitled to a credit in the amount and under the conditions provided by this subchapter against the tax imposed under this chapter.
Sec. 171.873. QUALIFICATION FOR CREDIT. A taxable entity qualifies for a credit under this subchapter for each eligible student who completes an eligible internship program offered by the taxable entity.
Sec. 171.874. AMOUNT OF CREDIT; LIMITATIONS. (a) The amount of the credit is $1,000 for each eligible student who completes an eligible internship program offered by the taxable entity.
(b) A taxable entity may claim the credit only for an eligible internship program offered by the taxable entity that is located or based in this state.
(c) A taxable entity may not claim the credit in connection with an eligible student if an owner of the taxable entity is related to the eligible student within the third degree of consanguinity as determined under Subchapter B, Chapter 573, Government Code.
(d) The total amount of tax credits that may be awarded under this subchapter may not exceed $5 million in a state fiscal biennium.
(e) The comptroller by rule shall prescribe procedures by which the comptroller may allocate credits under this subchapter. The procedures must provide that credits are allocated to taxable entities that apply under Section 171.875 on a first-come, first-served basis.
Sec. 171.875. APPLICATION FOR CREDIT. (a) A taxable entity must apply for a credit under this subchapter on or with the tax report for the period for which the credit is claimed.
(b) The comptroller shall promulgate a form for the application for the credit. A taxable entity must use the form in applying for the credit.
Sec. 171.876. PERIOD FOR WHICH CREDIT MAY BE CLAIMED. A taxable entity may claim a credit under this subchapter against the tax owed for a privilege period only in connection with an eligible student who completes an eligible internship program during the privilege period.
Sec. 171.877. EXPIRATION. (a) This subchapter expires December 31, 2023.
(b) The expiration of this subchapter does not affect the carryforward of a credit authorized under this subchapter established before the date this subchapter expires.
(b) A taxable entity may claim the credit under Subchapter R, Chapter 171, Tax Code, as added by this section, only in connection with an eligible student who completes a paid internship or similar program on or after the effective date of this section and only on a franchise tax report originally due under Chapter 171, Tax Code, on or after that date.
(c) This section takes effect January 1, 2018.
(2) On page 3, line 8, strike "This Act" and substitute "Except as otherwise provided by this Act, this Act".