Bill > HB282

This bill establishes a Gender Pay Equity Income Tax Credit, offering a $5,000 tax credit to eligible taxpayers who provide 100% gender pay equity to their employees. To qualify, businesses must apply to the human rights commission for a certificate of eligibility, which will be granted after the commission reviews job classifications, employee status (full-time/part-time), hours worked, and total compensation from the previous year to ensure equal pay for equal work. This credit can be claimed within one year of certification and any unused portion can be carried forward for up to three years. The bill also creates a similar credit for corporations under the Corporate Income and Franchise Tax Act, with identical eligibility requirements and credit amounts. Both provisions require the department to produce annual reports analyzing the credit's effectiveness and cost for legislative committees.