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AB 231 would offer tax credit to microbusinesses hiring formerly incarcerated people; committee places measure on suspense file
Summary
AB 231 proposes a up-to-$5,000 tax credit for microbusinesses (fewer than five employees) that hire a formerly incarcerated person within one year of release and retain that person for six months; the committee designated the bill a suspense candidate and heard testimony from formerly incarcerated jobseekers and small-business advocates.
Assembly Bill 231, presented by Assemblymember Tai, would grant a tax credit of up to $5,000 to employers with fewer than five employees that hire a formerly incarcerated person within the year following release, contingent on at least six months of employment. The bill's sponsor framed the credit as a tool to reduce…
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