CA AB916

Establishes a California Work Opportunity Tax Credit (California WOTC) for taxable years beginning January 1, 2019 through December 31, 2025 under both personal income tax (Section 17053.72) and corporation tax (Section 23672) laws.

Allows qualified employers to claim a credit equal to the federal Work Opportunity Tax Credit amount, modified to cap the credit at $2,400 per qualified employee per taxable year.

Defines qualified employers as those required to provide unemployment insurance under California law and qualified individuals as those from targeted groups facing employment barriers who have worked at least 500 hours.

Excludes the first $5,000 of wages from credit calculations and permits unused credits to carry forward for up to 10 years.

Requires the Employment Development Department to issue employee certifications and submit annual reports to the Legislature detailing credit claims, number of employers and employees, and distribution by industry and targeted group.