SB 364
Creates an income tax deduction for the hiring of certain felons
LR Number:
Last Action:
2/28/2019 - Second Read and Referred S Ways and Means Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2019

Current Bill Summary

SB 364 - For all tax years beginning on or after January 1, 2020, this act authorizes a taxpayer to claim a tax deduction in the amount of $5,000 for each person that the taxpayer employs that has been convicted or pleaded guilty to a felony, has been hired to a full-time position on the taxpayer's payroll on or after January 1, 2020, and remains in a full-time position on the taxpayer's payroll for at least six consecutive months.

The total tax deduction claimed by a taxpayer in a single tax year shall not exceed $100,000. The aggregate amount of tax deductions authorized under this act shall not exceed $1 million in a tax year. If the aggregate amount of deductions claimed in a tax year exceeds $1 million, deductions shall be allowed on a first-come, first-served basis.

This act is identical to HB 298 (2019).



No Amendments Found.