Bill > S02198

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 for the first year of employment and an additional $1,000 if the individual remains employed for a second year. The credit can be applied against the employer's tax liability, but it cannot reduce the tax due to less than a certain minimum amount. Any unused credit can be treated as an overpayment and refunded, though no interest will be paid on the refund. The bill applies to taxable years beginning on or after January 1, 2024 and to employees hired after the bill takes effect.