California AB1565 proposes a tax credit for employers hiring ex-felons to reduce recidivism.

California AB1565 introduces a tax credit for employers with fewer than five employees who hire individuals convicted of a felony. The credit applies to wages paid within the first year of employment, up to $5,000. It aims to reduce recidivism by encouraging employment of ex-felons. The credit is effective for taxable years between 2027 and 2031 and will be repealed after December 1, 2032. The Franchise Tax Board must report annually on the credit's impact.

California AB1565 proposes a tax credit for employers hiring ex-felons to reduce recidivism.

California AB1565 introduces a tax credit for employers with fewer than five employees who hire individuals convicted of a felony. The credit applies to wages paid within the first year of employment, up to $5,000. It aims to reduce recidivism by encouraging employment of ex-felons. The credit is effective for taxable years between 2027 and 2031 and will be repealed after December 1, 2032. The Franchise Tax Board must report annually on the credit's impact.