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

The bill establishes a tax incentive program for micro businesses in Massachusetts to hire formerly incarcerated individuals and those receiving transitional benefits. Eligible employers can receive a tax credit of up to $15,000 in the first year, decreasing annually over five years. To qualify, employers must be located in Massachusetts, employ no more than 10 people, report a gross profit of no more than $250,000, and hire individuals who meet the criteria. The program aims to promote micro business development, job creation, and reduce recidivism.

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

The bill establishes a tax incentive program for micro businesses in Massachusetts to hire formerly incarcerated individuals and those receiving transitional benefits. Eligible employers can receive a tax credit of up to $15,000 in the first year, decreasing annually over five years. To qualify, employers must be located in Massachusetts, employ no more than 10 people, report a gross profit of no more than $250,000, and hire individuals who meet the criteria. The program aims to promote micro business development, job creation, and reduce recidivism.