This tax expenditure is no longer in effect. It previously provided a tax credit for employers who continued to employ former participants in the full employment program adopted by the Department of Transitional Assistance (DTA). The program subsidized the salaries of certain disadvantaged individuals. The credit was equal to $100 per month for each month of non-subsidized employment, up to a maximum of $1,200 per employee, per year, for each employee retained after DTA subsidies ceased. The credit was required to be authorized by the DTA. The credit was neither transferable nor refundable. The reduction of revenue resulting from the credit constituted a state tax expenditure.
The full employment program was created by St. 1995, c. 5, § 110(m) but was never codified into the General Laws. The law authorizing the program was never repealed, but the DTA stopped authorizing the credit in 2016 . Because the credit may be carried forward for only a maximum of five years, no carryover of the credit can apply after 2021. As a result of these circumstances, this tax expenditure is not active.
Origin: St. 1995, c. 5, §110(m)
Corporate Excise Tax
Credits Against Tax
2.606
Credit for Employing Former Full-Employment Program Participants
This tax expenditure is no longer in effect. It previously provided a tax credit for employers who continued to employ former participants in the full employment program adopted by the Department of Transitional Assistance (DTA). The program subsidized the salaries of certain disadvantaged individuals. The credit was equal to $100 per month for each month of non-subsidized employment, up to a maximum of $1,200 per employee, per year, for each employee retained after DTA subsidies ceased. The credit was required to be authorized by the DTA. The credit was neither transferable nor refundable. The reduction of revenue resulting from the credit constituted a state tax expenditure. <BR><BR>The full employment program was created by St. 1995, c. 5, § 110(m) but was never codified into the General Laws. The law authorizing the program was never repealed, but the DTA stopped authorizing the credit in 2016 . Because the credit may be carried forward for only a maximum of five years, no carryover of the credit can apply after 2021. As a result of these circumstances, this tax expenditure is not active.
St. 1995, c. 5, §110(m)
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