This bill amends the Tax Reform Code of 1971 to enhance the definitions and administration of tax credits and benefits related to hiring individuals with disabilities. A new definition for "Hiring program for disabled individuals" is introduced, which specifies that such a program must employ two or more employees and focus on advancing individuals with disabilities as defined by federal law. Additionally, the bill outlines specific requirements for applicants seeking tax credits or benefits, including a minimum hiring goal of 5% for individuals with disabilities, an invitation for employees to identify as having a disability, and an annual review of the program's progress.

Furthermore, the bill mandates that the Department of Revenue, in consultation with relevant state agencies, assess whether applicants have implemented or are in the process of implementing a hiring program for disabled individuals before awarding tax credits. It also emphasizes the need for considerations that accommodate different employer sizes and fiscal capabilities. Notably, this new subsection does not apply to educational tax credits under the Public School Code of 1949. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 347 (Jan 28, 2025): P.L.6, No.2
Printer's No. 0347: P.L.6, No.2