Income and corporation taxes: credit: wages.

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. This bill, for each taxable year beginning on and after January 1, 2020, would allow a credit against the taxes imposed under both laws to a taxpayer in an amount equal to the qualified wages paid or incurred during the taxable year to a qualified employee, defined to mean an employee who has little to no functional hearing, not to exceed 35% of the first $6,000 of qualified wages. This bill would take effect immediately as a tax levy.