Bill > S05744

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 income tax, but it cannot reduce the tax owed below a certain minimum amount. If the credit exceeds the tax owed, the excess can be treated as an overpayment and refunded, though no interest will be paid on the refund. The bill also includes provisions for recapturing the credit in certain situations. The bill takes effect on January 1 of the year following its enactment and applies to employees hired on or after that date.