California AB2479 provides a personal income tax credit for employers hiring full-time employees in designated census tracts or economic development.

California AB2479 amends the Revenue and Taxation Code to offer a personal income tax credit for employers who hire qualified full-time employees in designated census tracts or economic development areas. Eligible employers include those in semiconductor manufacturing, semiconductor research and development, lithium production and manufacturing, and electric airplane manufacturing. The credit is applicable for wages paid to qualified full-time employees who meet specific criteria, such as being unemployed for six months before employment or being a veteran.

California AB2479 provides a personal income tax credit for employers hiring full-time employees in designated census tracts or economic development.

California AB2479 amends the Revenue and Taxation Code to offer a personal income tax credit for employers who hire qualified full-time employees in designated census tracts or economic development areas. Eligible employers include those in semiconductor manufacturing, semiconductor research and development, lithium production and manufacturing, and electric airplane manufacturing. The credit is applicable for wages paid to qualified full-time employees who meet specific criteria, such as being unemployed for six months before employment or being a veteran.