HI HB2478

Creates a new income tax credit for taxpayers who hire individuals with disabilities, allowing a credit deductible from net income tax liability for the taxable year in which the credit is claimed.

Credit amount equals a percentage of qualified wages for the first six months after hiring an individual with a disability, with an annual cap on total credits claimed (specific percentages and dollar amounts left blank in the bill text).

Requires certification by a qualified physician that the individual has a physical or intellectual impairment substantially limiting major life activities before hiring, excluding temporary impairments.

Excludes wages paid to relatives, dependents, and individuals previously employed by the taxpayer; also prohibits wage deductions for amounts qualifying for the disability hiring credit.

Repeals the existing tax credit for employment of vocational rehabilitation referrals and becomes effective July 1, 2050, applying to taxable years beginning after December 31, 2050.