Small businesses that hire an employee who has been out of work for 60 days or more would be eligible for a tax credit under legislation introduced this week. Bill sponsor, Representative Kevin Coleman (D-Westland) believe the tax credit would help tackle unemployment by incentivizing businesses to seek workers who have been unsuccessful in long-term job hunts. The tax credit for qualified small businesses would be equal to 20% of the worker’s compensation, or $3,000, whichever is less. To qualify the worker must certify they have been unemployed or lacking full-time employment for at least a 60-day period immediately preceding being hired. House Bill 4180 has been referred to the House Tax Policy Committee for consideration.
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