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260g-4a
260G.4A PROGRAM JOB CREDITS FROM WITHHOLDING.
In order to develop and retain program jobs within the state, an
agreement entered into under section 260G.3 may include a provision
for program job credits based on program jobs identified in the
agreement. If a program provides that part of the program costs are
to be met by receipt of program job credits, the method to be used
shall be as follows:
1. Program job credits shall be based upon the program job
positions identified and agreed to in the agreement.
2. Eligibility for program job credits shall be based on
certification of program job positions and program job wages by the
employer at the time established in the agreement. An amount up to
ten percent of the gross program job wage as certified by the
employer in the agreement shall be credited from the total payment
made by an employer pursuant to section 422.16. The employer shall
receive a credit against all withholding taxes due by the employer
regardless of whether or not the withholding from the employer of
current program job wages is less than ten percent. The employer
shall remit the amount of the credit quarterly in the same manner as
withholding payments are reported to the department of revenue, to
the community college to be allocated to and when collected paid into
a special fund of the community college to pay, in part, the program
costs. When the program costs have been paid, the employer credits
shall cease and any moneys received after the program costs have been
paid shall be remitted to the treasurer of state to be deposited in
the general fund of the state.
3. The employer shall certify to the department of revenue that
the program job credit is in accordance with the agreement and shall
provide other information the department may require.
4. A community college shall certify to the department of revenue
that the amount of the program job credit is in accordance with an
agreement and shall provide other information the department may
require.
5. Employees from an employer participating in an agreement shall
receive full credit for the amount withheld as provided in section
422.16.
6. Pursuant to an agreement or a statement of intent to enter
into an agreement dated on or after July 1, 2000, program job credits
may be allocated retroactively to program costs incurred on or after
July 1, 2000. Section History: Recent Form
2000 Acts, ch 1196, §4, 10; 2001 Acts, ch 99, §1, 2; 2003 Acts, ch
145, §286
Referred to in § 260G.2, 260G.3, 260G.7
