Personal income taxes: credit: employer: qualified wages.

The Personal Income Tax Law allows various credits against the taxes imposed by that law. Existing law requires any bill authorizing a new tax credit to contain, among other things, specific goals, purposes, and objectives the tax credit will achieve, detailed performance indicators, and data collection requirements. This bill would allow a credit against those taxes for each taxable year beginning on or after January 1, 2020, and before January 1, 2025, in an amount equal to 40% of the amount paid or incurred by a qualified taxpayer during the taxable year for qualified wages of qualified employees, not to exceed $6,000 per qualified employee. The bill would define "qualified employee" to mean an employee who is hired on or after January 1, 2020, and who is a vocational rehabilitation referral, qualified SSI recipient, or qualified SSDI recipient. The bill would also include additional information required for any bill authorizing a new income tax credit. This bill would take effect immediately as a tax levy.