HB 1216 Summary

• Creates a $3,000 tax credit against state tax liability for each ex-felon hired by an employer during the taxable year, applicable to taxable years beginning after December 31, 2012.

• Defines "qualified individual" as someone convicted of a felony under federal or state law who is hired within 12 months after their most recent felony conviction or release from prison, whichever is later.

• Caps total credits allowed at $1,000,000 per state fiscal year before July 1, 2014, and $2,500,000 per state fiscal year beginning July 1, 2014 and thereafter, with approval on a first-filed basis.

• Prohibits the credit if the taxpayer is required by law to hire the individual, claims another hiring credit for them, or hires them to replace a laid-off or striking employee.

• Requires a joint report by the departments of Insurance, State Revenue, and Correction before August 1, 2015, evaluating the credit's use, effectiveness, and impact on participating individuals and community corrections programs.