In March, Texas House Member René Oliveira introduced HB 3305, a bill to provide tax credits to businesses that hire certain employees. While not linked to WOTC to the same degree as Colorado’s HB 1372, it is certainly modeled after WOTC.
The bill enumerates five categories of qualified employees focused on veterans and the unemployed.
The bill requires an application for certification within 60-days of hiring the employee using an online form that would be established for the purpose.
The credit amount would be 20% of the qualified employee’s first-year wages up to a maximum of $10,000.
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