Utah companies could get tax credit for hiring homeless

SALT LAKE CITY -- The Utah House has approved a bill that would give companies a tax credit for employing a homeless person.

Rep. Brian King sponsored the proposal, which offers tax credits ranging from $500 to $2,000, depending on how many hours the person is employed.

The Salt Lake City Democrat calls the proposal a "win-win" and says it turns people receiving taxpayer benefits to people contributing to the tax base.

The bill requires the homeless employee to provide documents proving they are living in a shelter or transitional housing. The tax credit would be available through 2017.

King introduced the measure last year but it didn't make it through the legislative process.

The bill passed 41-33 on Monday. It now goes to the Senate for consideration.

 

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