Establishes a tax incentive program for micro businesses to hire formerly incarcerated individuals and those receiving transitional assistance.

The bill establishes a tax incentive program for micro businesses to hire formerly incarcerated individuals and those receiving transitional assistance. Employers not subject to the excise under 63 can claim a credit against their tax liability. The credit amounts decrease over five years, starting at $15,000 in the first year and ending at $9,000 in the fifth year. The micro business worker development and training fund, administered by the executive office of housing and economic development, will receive a portion of funds appropriated for various programs.

Establishes a tax incentive program for micro businesses to hire formerly incarcerated individuals and those receiving transitional assistance.

The bill establishes a tax incentive program for micro businesses to hire formerly incarcerated individuals and those receiving transitional assistance. Employers not subject to the excise under 63 can claim a credit against their tax liability. The credit amounts decrease over five years, starting at $15,000 in the first year and ending at $9,000 in the fifth year. The micro business worker development and training fund, administered by the executive office of housing and economic development, will receive a portion of funds appropriated for various programs.