HI HB1298

Creates a nonrefundable income tax credit for taxpayers who hire individuals with disabilities, equal to 50% of qualified wages for the first six months of employment.

Credit applies only to newly hired employees with disabilities and cannot be claimed for individuals previously employed by the taxpayer.

Unused tax credits may be carried forward to subsequent taxable years, with a per-individual annual cap on the total credit amount (specific amount left blank in bill text).

Defines "individual with a disability" as someone with a physical or intellectual impairment substantially limiting major life activities, requiring certification by a licensed physician.

Takes effect July 1, 2030, and applies to taxable years beginning after December 31, 2013.