Employer Hiring Credit
A business may reduce or even eliminate its State
Income tax by taking a tax credit based on a portion of wages paid to qualified employees, up to $37,000 (or more) over a five-year period. A simple one page application form must be completed for each qualifying employee. Should an employee not qualify based on the application criteria, he/she may still qualify if the employee lives within a Targeted Employment Area.
These hiring credits are available to companies within the zone to encourage business growth and job creation.
A business may reduce its State Income Tax by a portion of wages paid to qualified employees, for over $37,000 over a five year period. A simple one page application form must be completed for each qualifying employee.