Full Employment Act

The act is an employment-incentive measure that works through the state tax code, offering relief to employers as a means of encouraging job creation. Its central mechanism is a credit that qualifying taxpayers may claim against state income tax and against the excise tax imposed on financial institutions, with eligibility governed by defined terms and by the policy rationale the legislature sets out. The incentive is not permanent — it carries a sunset provision that repeals the credit after a fixed period unless lawmakers act to extend it.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.