CA SB1484

Establishes a tax credit for taxable years 2023-2027 for employers hiring foster youth or former foster youth on or after January 1, 2023.

Credit equals 40% of qualified first-year wages if employee works 400+ hours in first year, or 25% if employee works fewer than 400 hours, capped at $2,400 per qualified employee.

Defines "foster youth or former foster youth" as individuals age 26 or younger who were removed from their home by juvenile court under specified Welfare and Institutions Code sections.

Allows unused credits to carry forward for up to six years if they exceed net tax or corporate tax liability in the current year.

Requires the Franchise Tax Board to publish annual data on the number of taxpayers claiming the credit from 2025-2030 on its website; sections expire December 1, 2028.