CA AB2041

Allows a tax credit for taxable years 2021-2022 equal to 50% of wages paid to qualified full-time employees, capped at $15,000 per taxpayer per year, under both Personal Income Tax Law (Section 17053.75) and Corporation Tax Law (Section 23675).

Defines "qualified full-time employee" as individuals aged 18-25 at time of hiring who are either former foster youth or ex-offenders previously convicted of a felony, hired on or after January 1, 2021.

Excludes employers in temporary help services, retail trade, food services, entertainment services, and sexually oriented businesses from claiming the credit.

Requires employers to obtain tentative credit reservations from the Franchise Tax Board within 30 days of hiring a qualified employee and provide annual employment certifications.

Establishes credit amount as $0 unless otherwise specified in a bill providing appropriations related to the Budget Act; requires Franchise Tax Board to publish searchable database of employer names, credit amounts claimed, and jobs created.