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Rep. Stevens outlines $500 tax credit for employers under welfare‑to‑work bill with $10M annual cap
Summary
Representative Stevens told the Rules Committee HB519 offers employers a $500 tax credit to hire people who are hard to place—such as disabled veterans—limits the credit to $10 million per year, sunsets it at the end of 2030, and estimates roughly $17,700 net savings per job.
Representative Stevens presented House Bill 519 to the Rules Committee as a welfare‑to‑work proposal aimed at employers willing to hire workers who may be harder to place, including disabled veterans.
"This provides a $500 tax credit to the employers for taking a chance on these folks and getting them to work," Stevens said, adding the bill contains a $10,000,000 annual cap and an expiration date of Dec. 31, 2030. He told the committee the policy was estimated to save about $17,700 net per job.
Committee members listened and made light comments about the bill's passage out of the finance committee. No committee amendment or roll‑call vote occurred on the record; HB519 was later included in the package referred to standing rules.
If enacted, HB519 would create a limited, time‑bound employer tax credit intended to incentivize hiring from identified groups; the bill’s fiscal cap and sunset date would constrain the program’s size and duration.
