Bill > H3527

This bill proposes to provide employer tax credits for the employment of individuals who have been released from incarceration within the past 6 months. Specifically, businesses that employ eligible individuals (those recently released from county, state, or federal incarceration) in either existing or new employment openings for at least 10 months would be eligible for a tax credit. The credit amount would be $1,500 for existing employment openings and $3,000 for new employment openings. The tax credits can be claimed in the year the employment occurs and can be carried forward for up to 5 subsequent tax years if the credit exceeds the employer's tax liability for that year. The goal of this bill is to incentivize the hiring of formerly incarcerated individuals in order to help reduce recidivism rates.

Budget and Finance

https://malegislature.gov/Bills/190/H3527