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DIGEST OF INTRODUCED BILL
New employee tax credit. Provides a tax credit against state tax liability each taxable year for a small business that hires a veteran, an individual who is at least 50 years of age, or an individual who has been totally unemployed for each of the 26 weeks preceding the hiring date. Specifies that the amount of the credit is $1,000 for each qualified individual the employer hires during the taxable year.