Income taxes: credit: qualified medical services exclusion: hiring credit.

The Personal Income Tax Law authorizes various credits against the taxes imposed by that law, including a credit in an amount equal to $3,000 for each net increase of full-time employee hired during the taxable year by a qualified employer, as defined. Existing law caps the total amount of that credit that may be allocated under those provisions to $400,000,000. This bill would reduce the total amount of credit that may be allocated under those laws to $250,000,000. This bill would authorize a credit against those taxes for each taxable year beginning on or after January 1, 2013, and before January 1, 2016, in an amount equal to 25% of the value of qualified medical services, as defined, personally provided by a qualified taxpayer during the taxable year. This bill would cap the total amount of credit that may be allocated to $150,000,000. This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIIIA of the California Constitution, and thus would require for passage the approval of 23 of the membership of each house of the Legislature. This bill would take effect immediately as a tax levy.