To Authorize The Introduction Of A Nonappropriation Bill To Create The Reboot Pilot Program, Define "qualifying Former Offender", And Create An Income Tax Credit For Businesses That Hire A Qualifying Former Offender.
Impact
The bill, upon enactment, would amend Arkansas state laws by adding a new section to the tax code that defines 'qualifying former offender' and establishes a structured incentive for businesses hiring them. The Reboot Pilot Program will allow tax credits of increasing values based on the duration of employment for these individuals, promoting a longer employment tenure and providing fiscal benefits to employers. This aims to encourage businesses to engage with a demographic that often faces significant barriers to obtaining employment.
Summary
SR18 proposes the establishment of the Reboot Pilot Program, which aims to create an income tax credit for businesses that hire qualifying former offenders. The bill targets individuals released from incarceration within the last twelve months and aims to reduce recidivism rates by facilitating their reintegration into the workforce. According to legislative findings, Arkansas has significant recidivism rates, highlighting the necessity for programs that provide support for former offenders in securing employment and societal integration.
Contention
Notable points of contention may arise around the eligibility criteria for the income tax credit and the practicality of the program's implementation. Some lawmakers may express concerns regarding the potential impacts on state revenue from the tax credits granted, while others may debate whether the program successfully addresses the needs of former offenders or if it inadvertently perpetuates bureaucracy. Furthermore, discussions may also center on the effectiveness of random drug testing stipulated in the bill, with some advocating for more supportive measures without punitive measures.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Revenue Stabilization Law, To Create Funds, To Repeal Funds, And To Make Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill Amending The Revenue Stabilization Law, Creating Funds, Repealing Funds, And Making Transfers To And From Funds And Fund Accounts.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Acts Of 2023, To Regulate Digital Asset Mining Businesses And Businesses Utilizing A Blockchain Network, And To Declare An Emergency.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Acts Of 2023, To Regulate Digital Asset Mining Businesses And Businesses Utilizing A Blockchain Network, And To Declare An Emergency.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.
To Authorize The Introduction Of A Nonappropriation Bill To Amend The Arkansas Data Centers Act Of 2023 And To Prohibit Foreign-party-controlled Ownership Of A Digital Asset Mining Business.