Bill > A00103

This bill establishes a tax credit for employers who hire individuals who have successfully completed a judicial diversion substance abuse treatment program or graduated from drug court. The credit is $3,000 per hired individual for the first year of employment, and an additional $1,000 if the individual remains employed for an additional 12 months. The credit can be applied against the employer's state corporate income tax, but cannot reduce the tax due below a certain minimum amount. Any unused credit can be carried forward and refunded as an overpayment, but no interest will be paid on the refund. The bill takes effect immediately and applies to taxable years beginning on or after January 1, 2021, for employees hired after the bill's effective date.