This bill proposes the establishment of corporation business tax and gross income tax credits for businesses that employ individuals classified as "qualified persons with a developmental disability." The bill defines a qualified person as someone who has a severe, chronic disability that meets specific criteria, including being attributable to mental or physical impairments, manifesting before age 22, and resulting in substantial functional limitations. The tax credit would amount to 40 percent of the first $6,000 of wages paid to each qualified individual, with a maximum credit of $2,400 per person for the privilege period or taxable year.

Additionally, the bill includes provisions to prevent abuse of the tax credits, such as denying credits if the wages are included in the calculation of another state tax credit or grant. It also stipulates that if a business is found to be displacing existing employees to hire a qualified person solely to obtain the credit, the credit will be denied, and penalties will be assessed. The intent of the bill is to encourage businesses to hire individuals with developmental disabilities, thereby reducing employment barriers for this demographic, similar to the federal Work Opportunity Tax Credit.