Amends TCA Title 39; Title 50 and Title 67.

Under this bill, an employer that employs, in a full-time position for at least 40 weeks in a calendar year, a person who is a trafficked person will be eligible for an excise tax credit in the amount of $2,500 for each person so employed. This bill provides the following in regard to the credit: (1) An employer will be eligible to receive the credit in an amount not to exceed $50,000 per taxable year; (2) Credits earned for a taxable year must not exceed the employer's tax liability; (3) Credits earned may be carried forward and applied to the employer's tax liability for the subsequent three years; (4) Credits earned must not be applied against an employer's tax liability for years prior to 2023. This bill requires the commissioner of revenue to issue a report to the chairs of the finance, ways, and means committees of the house and senate on the tax credit created by this bill by March 1, 2024, and on March 1 of year thereafter. The report must include statistics for the preceding taxable year showing: (1) The total number of employers that claimed a credit; and (2) The number and total value of all credits earning and applied during the tax year.