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Student-authored proposal SB 21 would create tax credit to encourage employers to hire foster and former-foster youth
Summary
Senate Bill 21 would create a nonrefundable personal and corporate income tax credit for employers who hire current or former foster youth, limited to the lesser of $2,400 or 40% of the employees first-year wages; the committee heard testimony from the student who proposed the idea and from stakeholders.
Senators and witnesses heard testimony on Senate Bill 21, a proposal to create a nonrefundable income tax credit for employers that hire current or former foster youth. The credit would be the lesser of $2,400 or 40% of the employees wages in the first year, and unused credits could be carried forward for up to three consecutive years.
Vashaka Prien, a Portland high-school junior who said she originated…
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