AB 231: Income and corporation taxes: credits: work opportunity credit.

This bill allows a tax credit to qualified taxpayers for qualified wages paid to qualified employees. Qualified employees are defined as individuals with a felony conviction, with a hiring date not more than one year after the conviction or release from prison. The tax credit will be equal to 40% of the qualified wages paid or incurred during the taxable year. The bill includes specific goals, performance indicators, and data collection requirements to track the effectiveness of the tax expenditure. The tax credit will take effect immediately, as a tax levy, for taxable years beginning on or after January 1, 2026, and before January 1, 2031.