11/01/2024
Public Law 23-15 is a win for our local businesses and a win for our community. Thank you Office of Governor Arnold I. Palacios and Rep. Thomas John "TJ" Dela Cruz Manglona for your support.
(a) Any employer who hires an individual with a di sability, as defined by the Americans with Disabilities Act of 1990, as amended (42 U.S.C. § 12101 et seq.), may qualify for a non-refundable tax credit of 40% of the wages paid to such worker against the tax imposed on employer's total gross revenue.
(b) In order to qualify for the tax credit provided for in § ### (a), the individual must be continuously employed by the employer for nine months. The individual may be employed part-time or full-time. The tax credit shall be capped at $4,000 per employer per tax yearJor all the employer's eligible emp loyees. This cap shall increaseby $ 1,000 for each tax year thereafter, to a maximum of $10,000.
(c) To obtain the nonrefundable tax credit, the employer must furnish to the Division of Revenue and Taxation a properly documented compliance letter for each individual issued by any medically acceptable clinic and/or laboratory. Further, the employer shall annually certify compliance with all provisions of this section to the Secretary of Labor
