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Bipartisan bill to offer tax credit to microbusinesses hiring formerly incarcerated moves to suspense file
Summary
AB 231 would create a tax credit for microbusinesses (fewer than five employees) that hire a formerly incarcerated person and retain them for six months; committee members praised the concept and placed the bill on the suspense file for fiscal review.
Assemblymember Todd (Vice Chair) presented AB 231, a bipartisan measure to create a small-business tax credit to encourage microbusinesses (employers with fewer than five employees) to hire formerly incarcerated people within one year of release. The bill was placed on the committee's suspense file.
The bill would provide a tax credit of up to $5,000 to microbusinesses that hire a formerly incarcerated person who then remains employed for at least six months. The sponsor…
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