MA S1958

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

Eligible employers must have no more than 10 employees, report no more than $250,000 in gross profit, and be based in Massachusetts; the hired individual must also be a Massachusetts resident

Tax credit can be claimed for up to 10 consecutive years per qualifying employee, contingent on continued employment

Establishes a tiered grant program providing employers $15,000 in year one, decreasing by $1,500 annually to $9,000 in year five

Creates the Micro Business Worker Development and Training Fund, funded by at least 15% of appropriations from six existing programs including justice reinvestment reserves, community empowerment grants, and Department of Correction re-entry programs