CT HB06754

Establishes a workforce development tax credit program effective January 1, 2024, allowing employers to claim credits against state taxes for hiring individuals with intellectual disability, with credits of 30% of annual wages (up to $5,000) for full-time employees and 15% (up to $2,500) for part-time employees.

Prohibits employers from claiming the credit for employees who are business owners, partners, or members; those not employed at year-end; or those hired to replace laid-off or striking employees, and bars claiming other tax credits for the same employee.

Allows tax credits to be claimed by shareholders or partners of S corporations and partnerships, and by owners of single-member LLCs that are disregarded entities.

Adds a price preference of up to 10% in state procurement for businesses employing at least 10% of their workforce as individuals with intellectual disability, effective October 1, 2023.

Creates a grant program through the Department of Economic and Community Development providing up to $25,000 or $75,000 per nonprofit organization based on the percentage of employees with intellectual disability, for infrastructure, start-up, or expansion costs.