OLR Bill Analysis

HB 6459

AN ACT CONCERNING THE REPEAL OF THE OBSOLETE STATE HIRING INCENTIVE TAX CREDIT.

SUMMARY:

This bill repeals the corporate tax credit for employers hiring people receiving Temporary Family Assistance (TFA). Current law makes the credit available to employers hiring TFA recipients for at least 30 hours a week. It gives businesses a credit of up to $ 125 per month when they hire people who have been receiving TFA benefits for at least nine months.

EFFECTIVE DATE: Upon passage and applicable to income years commencing on or after January 1, 2009.

COMMITTEE ACTION

Labor and Public Employees Committee

Joint Favorable