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IN HB1425
Bill
Status
1/16/2018
Primary Sponsor
Peggy Mayfield
Click for details
AI Summary
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Provides a $3,000 tax credit against state tax liability for each qualified individual with a felony conviction hired by a taxpayer during a taxable year.
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Qualified individuals must be hired within 18 months after their most recent felony conviction or prison release.
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Annual state fiscal year cap on total credits allowed is $2,500,000, with credits approved on a chronological first-filed basis.
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Credits may be carried forward to succeeding taxable years for up to nine years if they exceed the taxpayer's state tax liability.
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Grants employers civil liability immunity for damages from felonies or misdemeanors committed by ex-offenders during employment and prohibits prior convictions as evidence in negligent hiring actions.
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Requires a joint report by the departments of insurance, state revenue, and correction to the governor and legislature by August 1, 2021, evaluating the credit's use and effectiveness.
Legislative Description
Tax incentive for hiring ex-offenders. Provides a tax credit against state tax liability each taxable year for a taxpayer that hires an individual who has been convicted of a felony. Specifies that the amount of the credit is $3,000 for each qualified individual the employer hires during the taxable year. Provides that the maximum amount of credits allowed per state fiscal year may not exceed $2,500,000 in the state fiscal year. Requires a report on the tax credit before August 1, 2021. Provides immunity to employers for hiring ex-offenders.
Last Action
First reading: referred to Committee on Ways and Means
1/16/2018