This bill establishes corporation business tax and gross income tax credits for employers who hire certain individuals with disabilities. Specifically, it allows taxpayers to claim 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.

The bill also includes provisions to protect the confidentiality of the qualified employee's health information, stating that only the fact of certification can be disclosed without the employee's written permission. Additionally, it specifies that the credit cannot reduce the tax liability below the statutory minimum and allows for any unused credit to be carried forward for up to seven subsequent taxable years. The bill is set to take effect immediately and will apply to privilege periods and taxable years beginning on or after January 1 following its enactment.