Vote Smart's Synopsis:

Vote to pass a bill that authorizes tax credits to companies who employ homeless individuals, effective from January 1, 2013 to December 31, 2017.

Highlights:

• Authorizes a corporation to claim the following tax credits if the corporation hires a homeless individual (Sec. 1):
• For the first 6 months of employment:
• $500 for each homeless individual who works at least 20 hours per week; or
• $1000 for each homeless individual who works for at least 40 hours per week; and
• For the following 6 months of employment:
• $500 for each homeless individual who works at least 20 hours per week; or
• $1000 for each homeless individual who works for at least 40 hours per week.

• Defines “homeless person” as an individual whose primary nighttime residence is a permanent housing, permanent supportive, or transitional facility (Sec. 1).

• Defines “permanent housing, permanent supportive, or transitional facility” as a facility located within the state that provides supervision of facility residents and has the following characteristics (Sec. 1):
• A publicly or privately operated shelter designed to provide temporary living accommodations and receives federal homeless assistance funding; or
• An emergency shelter that receives homeless assistance funding from a county, city, or town.

• Requires the corporation to retain documentation stating that the homeless individual resided at the homeless facility at the time the corporation hired the individual (Sec. 1).

Full Bill Text