1030

LAWS OF MARYLAND

Ch. 280

[(ii)] (III) Up to $500 of the wages paid in
the taxable year for which the credit is claimed to each
qualified employee who:

1.  Is not an economically disadvantaged
individual; [and]

2.  Is not hired to replace an individual
who was employed by the business entity in that or any previous
taxable year; AND

3.  WAS NOT REHIRED AFTER BEING LAID OFF
FOR MORE THAN 6 MONTHS BY THE BUSINESS ENTITY.

(2) For each taxable year after the taxable year
described in paragraph (1) of this subsection, while the area is
designated an enterprise zone, a credit shall be granted:

(i) Up to $1,500 of the wages paid in the
taxable year for which the credit is claimed to each qualified
employee who:

1.  Is an economically disadvantaged
individual, and became a qualified employee during the taxable
year to which the credit applies;

2.  Is not hired to replace an individual
who was employed by the business entity in that or any preceding
taxable year; however, if the qualified employee was hired to
replace another qualified employee for whom the business entity
received a credit under paragraph (l)(i) and (2)(ii) of this
subsection in the immediately preceding taxable year, then the
business entity may treat the new qualified employee as the
replacement for the other qualified employee to determine any
credit that may be available to the business entity under
paragraphs (2)(ii) or (2)(iii)l.; and

3.  WAS NOT REHIRED AFTER BEING LAID OFF
FOR MORE THAN 6 MONTHS BY THE BUSINESS ENTITY;

(ii) Up to $1,000 of the wages paid in the
taxable year for which the credit is claimed to each qualified
employee who: [is]

1.  IS an economically disadvantaged
individual, if the business entity received a credit under
paragraph (l)(i) OR PARAGRAPH (2)(I) for the qualified employee
in the immediately preceding taxable year; [and] OR

2.  HAS BEEN REHIRED AFTER BEING LAID OFF
FOR MORE THAN 6 MONTHS BY THE BUSINESS ENTITY, BECOMES A
QUALIFIED EMPLOYEE DURING THE TAXABLE YEAR TO WHICH THE CREDIT
APPLIES, AND HAS NOT BEEN HIRED TO REPLACE AN INDIVIDUAL WHO WAS
EMPLOYED BY THE BUSINESS ENTITY IN THAT OR ANY OTHER PREVIOUS
TAXABLE YEAR UNLESS REHIRED ONE-TIME THE QUALIFIED EMPLOYEE WAS