This bill establishes corporation business tax and gross income tax credits for employers who hire certain individuals with disabilities. Specifically, taxpayers can receive a credit equal to 15 percent of the wages paid to a qualified employee with a disability during a taxable year, with a maximum credit of $2,000 per employee. To qualify for the credit, employers must submit an application to the Director of the Division of Vocational Rehabilitation Services for certification that the employee meets the criteria of a qualified employee with a disability, as defined by the federal Americans with Disabilities Act of 1990. The bill mandates that the director create an application process and stipulates that if the director does not make a determination within 90 days or issue a written certification within five days of a determination, the application will be deemed approved.

Additionally, the bill includes provisions to protect the confidentiality of the qualified employee's health information, allowing only the fact of certification to be disclosed. It also specifies that the credit cannot be claimed for individuals working as independent contractors or consultants. The bill outlines the process for partnerships and S corporations to allocate the credit among their members and establishes that the total credits applied cannot reduce the tax liability below the statutory minimum. The act is set to take effect immediately and will apply to privilege periods and taxable years beginning on or after January 1 following its enactment.