This bill provides for a tax credit for employers who employ persons recovering from substance use disorder who are completing or have successfully completed a substance use disorder treatment program certified by the Department of Health and Human Services. The Department of Health and Human Services is required to establish a certification process for employers. A certified employer, in order to receive the tax credit, is required to apply to the State Tax Assessor for the tax credit. The tax credit is available with respect to an employee who has been employed with the employer for at least 500 hours. The credit is calculated by multiplying the number of hours, above the 500 hours from date of hire, worked by the employee by $1, except that the credit may not exceed $2,000 for each eligible employee. The credit may be claimed only once per employee. The credit is further limited by a total allocation of credit of $2,000,000 per year.
Statutes affected: Bill Text LD 1900, SP 772: 5.20005