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| 1 | A bill to be entitled | ||
| 2 | An act relating to the work opportunity tax credit; | ||
| 3 | creating s. 220.1893, F.S.; providing for a corporate | ||
| 4 | income tax credit for businesses hiring certain persons | ||
| 5 | under certain circumstances; providing limitation; | ||
| 6 | providing for continuation of the credit absent federal | ||
| 7 | authorization; providing an effective date. | ||
| 8 | |||
| 9 | Be It Enacted by the Legislature of the State of Florida: | ||
| 10 | |||
| 11 | Section 1. Section 220.1893, Florida Statutes, is amended | ||
| 12 | to read: | ||
| 13 | 220.1893 Work opportunity tax credit.--Pursuant to | ||
| 14 | authorization under provisions of the Job Creation and Worker | ||
| 15 | Assistance Act of 2002, P.L. 107-147, a credit against the tax | ||
| 16 | imposed by this chapter shall be allowed to any business which | ||
| 17 | hires individuals from qualified targeted groups having high | ||
| 18 | unemployment rates or special employment needs. The credit may | ||
| 19 | be claimed by the owner of the business for each year of paying | ||
| 20 | wages to such individuals. For purposes of this section, the | ||
| 21 | qualified targeted group consists of ex-felons who have been | ||
| 22 | released from prison or jail within the last 3 years, persons | ||
| 23 | who are under community control, veterans, recipients of food | ||
| 24 | stamps, recipients of assistance under the Temporary Assistance | ||
| 25 | to Needy Families block grant program, high-risk or summer youth | ||
| 26 | who reside in an empowerment zone, recipients of supplemental | ||
| 27 | security income, and persons who are referred to a vocational | ||
| 28 | rehabilitation program. The maximum credit shall be $2,400 for | ||
| 29 | each new hire, except for 16 or 17 year old summer youth hired | ||
| 30 | from an empowerment zone for which the maximum credit shall be | ||
| 31 | $1,200. If the credit is not reauthorized by the Federal | ||
| 32 | Government, such credit shall continue to be available to such | ||
| 33 | businesses as provided in this section, but only for hiring ex- | ||
| 34 | felons who have been released from prison or jail within the | ||
| 35 | last 3 years or persons who are under community control. | ||
| 36 | Section 2. This act shall take effect upon becoming a law. | ||