WILLIAM DONALD SCHAEFER, Governor                   Ch. 719

1.  Is not an economically disadvantaged
individual;

2.  Is not hired to replace an individual
who was employed by the business entity in that or any [previous
taxable year] OF THE 3 PRECEDING TAXABLE YEARS; 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] OF THE 3 PRECEDING TAXABLE YEARS; 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:

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; 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] OF THE 3 PRECEDING TAXABLE YEARS unless The

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