This bill proposes tax credits for employers who hire individuals with disabilities, specifically allowing a credit against both the corporation business tax and the gross income tax. The credit is set at 15% of the wages paid to a qualified employee with a disability, with a maximum limit of $2,000 per employee per taxable year. 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. The bill also stipulates that if the director does not respond to the application within 90 days, the application will be deemed approved.

Additionally, the bill outlines the confidentiality of the information regarding the qualified employee with a disability, ensuring that no private health information is disclosed without written permission. It establishes a process for the director to confirm the certification to the employer and specifies that the credits cannot reduce the tax liability below the statutory minimum. The bill also includes provisions for partnerships and S corporations regarding how the credits are allocated among partners or shareholders. The act is set to take effect immediately for privilege periods and taxable years beginning on or after January 1 following its enactment.