S.B. 161 Summary

• Creates a nonrefundable income tax credit equal to 25% of qualified wages paid to individuals with disabilities during the first 12 months of employment, with an annual limit per taxpayer (amount left blank in bill).

• Requires certification from a qualified physician before an individual can be treated as having a disability for credit purposes, with employer obligation to certify good faith effort to determine disability status.

• Excludes wages paid to relatives, majority owners of corporations, estate/trust grantors and beneficiaries, and any individual previously employed by the taxpayer.

• Allows unused credits to carry forward to subsequent years until exhausted, with credit recapture if the employee is terminated within 12 months after the taxable year claimed.

• Applies to taxable years beginning after December 31, 2019, with an effective date of July 1, 2050.