HI HB179

Creates an income tax credit for taxpayers who hire senior citizens (age 65+) equal to 50% of qualified wages for the first six months of employment.

Tax credits exceeding the taxpayer's income tax liability may be carried forward to subsequent years until exhausted.

Defines "qualified wages" as wages for work rendered during the first six-month period after a senior citizen is hired.

Director of taxation shall prepare necessary forms, may require taxpayers to furnish information to verify credit validity, and may adopt administrative rules.

Claims for the credit must be filed within twelve months following the taxable year in which the credit is claimed, with failure to comply constituting a waiver of the right to claim the credit.