This bill proposes the establishment of corporation business tax and gross income tax credits for businesses that employ qualified persons with developmental disabilities. The credit amount is set at 40 percent of the first $6,000 of wages paid to each qualified individual, with a maximum credit of $2,400 per person. A "qualified person with a developmental disability" is defined as someone who has a severe, chronic disability that meets specific criteria, including being attributable to mental or physical impairments and manifesting before age 22, or having severe disabilities related to conditions such as intellectual disability, autism, or cerebral palsy.

The bill also 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, and imposing penalties if a taxpayer is found to be displacing existing employees to qualify for the credit. The credits are designed to align with the federal Work Opportunity Tax Credit, which incentivizes the hiring of targeted groups, including individuals with developmental disabilities. The act is set to take effect immediately and will apply to wages paid in privilege periods and taxable years beginning after its enactment.