| || |
DIGEST OF INTRODUCED BILL
Tax credit for hiring offenders. Provides a tax credit against state tax liability each taxable year for a taxpayer that hires an ex-felon. Specifies that the amount of the credit is $3,000 for each qualified individual the employer hires during the taxable year. Provides that the maximum amount of credits allowed per state fiscal year may not exceed $1,000,000 in a state fiscal year ending before July 1, 2014, and may not exceed $2,500,000 in the state fiscal year beginning July 1, 2014, or in a subsequent state fiscal year. Requires a reporting on the tax credit before August 1, 2015.