Connecticut House Bill HB05539

Connecticut 2011 Regular Session

• Introduced: 1/20/11
• Refer: 1/20/11

Caption

An Act Concerning Jobs For The Unemployed.

Impact

If enacted, HB05539 would amend the general statutes to establish a structured incentive for hiring unemployed individuals, particularly those facing barriers such as previous incarceration. The tax credit system not only aims to enhance employment opportunities but also fosters a supportive environment for rehabilitation and reintegration of former inmates into society. The potential economic effect includes a decrease in the unemployment rate, contributing to overall job growth and improved economic stability in communities affected by high unemployment levels.

Summary

House Bill 05539, introduced by Representative Candelaria, aims to support job creation for the unemployed by implementing a tax credit for businesses that hire individuals who have been unemployed for at least sixty days. Notably, this includes former inmates, addressing both unemployment and the reintegration of these individuals into the workforce. The proposed tax credit would provide businesses with a financial incentive of up to one thousand dollars per year for each new employee hired, applicable for a duration of three years. This strategy intends to stimulate the economy by encouraging businesses to expand their workforce and reduce unemployment rates.

Contention

While there are expected benefits from HB05539, there may also be points of contention regarding the effectiveness and the targeted nature of the tax credits. Critics might argue that financial incentives alone may not significantly impact the hiring practices of businesses. Additionally, there are concerns that the bill could lead to hiring practices that prioritize tax benefits over the actual qualifications and competencies of potential employees. Proponents, however, contend that such credits are essential for encouraging employers to consider applicants they might otherwise overlook.