Bill > S02105

This bill creates a tax credit for employers who hire individuals on probation or parole. Specifically, the bill allows a 35% tax credit on the first $6,000 in qualified first-year wages paid to each eligible employee, or 35% of the first $6,000 in qualified second-year wages if the employee also qualifies for the federal work opportunity tax credit. The credit can be carried over to future tax years if it exceeds the employer's tax liability for the current year. The bill applies to taxable years beginning on or after January 1, 2023.