WILLIAM DONALD SCHAEFER, Governor                       Ch. 2

(II)  IS NOT HIRED TO REPLACE AN INDIVIDUAL WHOM
THE BUSINESS ENTITY EMPLOYED IN THAT OR ANY OF THE 3 PRECEDING
TAXABLE YEARS; AND

(III)  WAS NOT REHIRED AFTER BEING LAID OFF FOR
MORE THAN 6 MONTHS BY THE BUSINESS ENTITY;

(2)  UP TO $1,000 OF THE WAGES PAID TO EACH QUALIFIED
EMPLOYEE WHO:

(I)  WAS REHIRED AFTER BEING LAID OFF FOR MORE
THAN 6 MONTHS BY THE BUSINESS ENTITY; AND

(II)  IS NOT HIRED TO REPLACE AN INDIVIDUAL WHOM
THE BUSINESS ENTITY EMPLOYED IN THAT OR ANY OF THE 3 PRECEDING
TAXABLE YEARS, UNLESS THE QUALIFIED EMPLOYEE WAS REHIRED NOT MORE
THAN ONCE FOR THE POSITION THAT THE QUALIFIED EMPLOYEE HELD PRIOR
TO LAYOFF; AND

(3)  UP TO $500 OF THE WAGES PAID TO EACH QUALIFIED
EMPLOYEE WHO:

(I)  IS NOT AN ECONOMICALLY DISADVANTAGED
INDIVIDUAL;

(II)  IS NOT HIRED TO REPLACE AN INDIVIDUAL WHOM
THE BUSINESS ENTITY EMPLOYED IN THAT OR ANY OF THE 3 PRECEDING
TAXABLE YEARS; AND

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

(D) AMOUNT OF CREDIT IN YEAR OTHER THAN QUALIFYING YEAR.

(1) 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;

3.   IS NOT HIRED TO REPLACE AN INDIVIDUAL
WHOM THE BUSINESS ENTITY EMPLOYED IN THAT OR ANY OF THE 3
PRECEDING TAXABLE YEARS; AND

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

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