A bill for an act creating a state work opportunity tax credit available against the individual and corporate income taxes, and including retroactive applicability provisions.

Summary

The bill adds a state credit that matches 100% of the federal Work Opportunity Tax Credit, reducing both personal and corporate income taxes. It applies to tax years starting on or after Jan. 1, 2026, and any unused credit can be carried forward to the next year. The credit is not refundable.

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