MA H3108

Creates a $2,000 annual tax credit for micro businesses (10 or fewer employees, under $250,000 gross profit) that hire formerly incarcerated individuals released within the past 5 years or individuals receiving transitional assistance

Employers can claim the tax credit for up to 10 consecutive years per qualifying employee, contingent on continued employment

Establishes a workforce development grant program providing eligible employers $15,000 in year one, decreasing annually to $9,000 by year five

Creates the Micro Business Worker Development and Training Fund, funded by at least 15% of appropriations from five existing programs: justice reinvestment reserve, community empowerment grants, urban agenda grants, workforce development programs, and Department of Correction re-entry programs

Requires both the employer's primary place of business and the hired individual's residence to be in Massachusetts