It’s been more than a year since this proposal was cleared by committee as House Bill 101. (For prior post, read here). The state tax credit for employers who hire the homeless was narrowly approved by the Utah House on Monday. It now goes to the State Senate for consideration.
Employers who hire homeless people could be eligible for tax credits of $2,000. The employee must be continually employed for nine months for the employer to qualify, and the employer must have paid the worker at least $4,000 in wages during that period.
The legislation limits the pool of available tax credits to $100,000 in its inaugural year
Read more in the Deseret News.