THIS SECTION FOR A FOCUS AREA EMPLOYEE, FOR the taxable year in which a
business entity satisfies the requirements of Article 83A, § 5-404 of the Code, a credit
is allowed that equals:

(1) up to $1,500 of the wages paid to each qualified employee who:

(i) is an economically disadvantaged individual; and

(ii) is not hired to replace an individual whom the business entity
employed in that or any of the 3 preceding taxable years; and

(2) up to $500 of the wages paid to each qualified employee who:

(i) is not an economically disadvantaged individual; and

(ii) is not hired to replace an individual whom the business entity
employed in that or any of the 3 preceding taxable years.

(d) (1) [For] SUBJECT TO SUBSECTION (F) OF THIS SECTION IF A BUSINESS
ENTITY DOES NOT CLAIM AN ENHANCED TAX CREDIT UNDER SUBSECTION (E) OF
THIS SECTION FOR A FOCUS AREA EMPLOYEE. FOR each taxable year after the
taxable year described in subsection (c) of this section, while the area is designated an
enterprise zone, a credit is allowed that equals: 

(i) up to $1,500 of the wages paid to each qualified employee who:

1. is an economically disadvantaged individual;

2. became a qualified employee during the taxable year to
which the credit applies; and

3. is not hired to replace an individual whom the business
entity employed in that or any of the 3 preceding taxable years;

(ii) up to $1,000 of the wages paid to each qualified employee who is
an economically disadvantaged individual, if the business entity received a credit
under subsection (c)(1) of this section for the qualified employee in the immediately
preceding taxable year; and

(iii) up to $500 of the wages paid to each qualified employee who is
not hired to replace an individual whom the business entity employed in that or any
of the 3 preceding taxable years if the qualified employee:

1. is an economically disadvantaged individual for whom the
business entity received a credit under subsection (c)(1) of this section or item (i) of
this paragraph and a credit under item (ii) of this paragraph in the 2 immediately
preceding taxable years; or

2. is not an economically disadvantaged individual but
became a qualified employee during the taxable year to which the credit applies.

(2) A business entity that hires a qualified employee to replace another
qualified employee for whom the business entity received a credit under subsection
(c)(1) of this section and paragraph (1)(ii) of this subsection in the immediately