Vote Smart's Synopsis:

Vote to pass a bill that provides businesses who re-hire previously laid off workers with a tax credit.

Highlights:

-Authorizes, for the income tax year commencing on January 1, 2011, only, an income tax credit for employers who re-hire previously laid-off employees if they were employed for at least a full year before being laid off in 2009, have been employed for at least a full year after being re-hired, and otherwise would not have been rehired without the tax credit (Sec. 1). -Authorizes the department of revenue to administer and enforce the credit (Sec. 1). -Specifies that a non-refundable tax credit that is greater than the amount of taxes owed in the current year can be used to offset taxes in future years (Sec. 1).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that provides businesses who re-hire previously laid off workers with a tax credit.

Highlights:

-Authorizes, for the income tax year commencing on January 1, 2011 only, an income tax credit for employers who re-hire previously laid-off employees if they were employed for at least a full year before being laid off in 2009, have been employed for at least a full year after being re-hired, and otherwise would not have been rehired without the tax credit (Sec. 1). -Authorizes the department of revenue to administer and enforce the credit (Sec. 1). -Specifies that a non-refundable tax credit that is greater than the amount of taxes owed in the current year can be used to offset taxes in future years (Sec. 1).

Full Bill Text