This bill introduces corporation business tax credits and gross income tax credits for employers who hire qualified individuals through One-Stop Career Centers. Taxpayers can receive a credit equal to the salary and wages paid to each qualified employee, capped at $3,000 per employee, with specific conditions such as a minimum employment duration of 90 calendar days and prorated credits for partial employment periods. Additionally, any unused tax credits can be carried forward for up to seven subsequent tax periods. The bill defines a "qualified employee" as someone who has been unemployed for at least 60 days prior to employment and has completed required training through a One-Stop Career Center.

The bill mandates that the Director of the Division of Taxation will establish the application process for these tax credits and will work with the Commissioner of Labor and Workforce Development to ensure that the necessary employment and training information is verified. The definition of a One-Stop Career Center is included, emphasizing its role in providing employment-related assistance and training services. Overall, the bill aims to incentivize the hiring of individuals who have received support from state-sponsored employment programs, thereby promoting workforce development and reducing unemployment.