NC H853

Establishes a tax credit for employers in North Carolina who hire vocational rehabilitation referrals that were previously unemployed.

Eligible employees must work at least 20 hours per week at above minimum wage for at least 12 consecutive weeks during the calendar year.

Credit amount equals the federal Work Opportunity Tax Credit allowed under section 51 of the Internal Revenue Code.

Taxpayers claiming the credit must maintain records and provide information to the Secretary of Revenue; credit is denied if records are inadequate or workforce is reduced to artificially create eligible hires.

Effective for taxable years beginning on or after January 1, 2023, and applies to both individual income taxes (Article 4, Part 1) and corporate income taxes (Article 4, Part 2).