Budget Amendment ID: FY2015-S4-18

OTH 18

Tax Credit for Hiring Individuals Collecting Unemployment Benefits

Messrs. Tarr and Humason moved that the proposed new text be amended moved that the bill be amended by inserting, after section__, the following new section:-

“SECTION__. Section 6 of chapter 62 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by inserting after subsection (r) the following new subsection:-

(s) There shall be a credit for any employer based in Massachusetts who hires individuals who have been collecting unemployment benefits in Massachusetts for at least two weeks. The credit shall be $500 for each newly hired full time employee hired in the first three quarters of that fiscal year, not to exceed $25,000 per business in any calendar year. This section shall expire on July 1, 2019.”