SB598: Income Tax – Work Opportunity Tax Credit

Legislative Summary

Allowing employers that claim the federal work opportunity credit to claim a credit against the State income tax for certain wages paid to individuals with barriers to employment; altering the calculation of a certain subtraction modification for certain salary and wages paid to certain individuals; requiring the Department of Legislative Services to prepare a tax credit evaluation of the credit on or before December 31, 2028; applying the Act to taxable years beginning after December 31, 2021, but before January 1, 2029; etc.