California businesses hiring homeless workers can get a $30,000 tax credit through new law [modbee.com]

Karen Clemmer 7/20/2110:40 AM

By Jeong Park, The Modesto Bee, July 17, 2021

California businesses hiring workers who are homeless can get up to $30,000 a year in tax credit starting 2022 under a budget bill signed by Gov. Gavin Newsom on Friday.

Businesses must pay at least 120% of the state’s minimum wage to be eligible. Businesses must also get certification from a homeless service provider for each hire.

Those eligible will qualify for the credit of $2,500 to $10,000 per employee hired per year, depending on hours worked. The state will allocate up to $30 million a year for the program, which will expire at the end of 2026.

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