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CA SB1333
Bill
AI Summary
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Establishes a California Homeless Hiring Tax Credit for taxable years 2021-2025, allowing qualified employers to claim $2,500 to $10,000 per eligible homeless employee based on hours worked (500-2,000 hours annually), capped at $30,000 per employer per year and $30 million statewide per calendar year.
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Defines eligible employers as those with 500 or fewer employees paying prevailing wages and subject to state withholding, with additional certification available for "high-road" employers meeting quality and worker development standards.
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Defines eligible individuals as persons experiencing homelessness on the hire date or within 60 days prior, or those receiving supportive services from homeless service providers designated by local continuums of care.
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Requires employers to obtain certification from the Employment Development Department and employees to obtain certification from their local continuum of care to claim the credit on a first-come-first-served basis.
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Mandates annual reporting by the Employment Development Department on employer applications, employee certifications, industry distribution, and wages earned by participating workers; credit expires December 1, 2026.
Legislative Description
Corporation Tax Law: credits: employment: homelessness.
Last Action
Referred to Com. on GOV. & F.
3/12/2020