PARRIS N. GLENDENING, Governor

Ch. 492

(C)     FOR EACH TAXABLE YEAR, FOR THE WAGES PAID TO EACH QUALIFIED
EMPLOYMENT OPPORTUNITY EMPLOYEE, A CREDIT IS ALLOWED IN AN AMOUNT
EQUAL TO:

(1)      30% OF UP TO THE FIRST $6,000 OF THE WAGES PAID TO THE
QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE FIRST YEAR OF
EMPLOYMENT;

(2)      20% OF UP TO THE FIRST $6,000 OF THE WAGES PAID TO THE
QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE SECOND YEAR
OF EMPLOYMENT; AND

(3)      10% OF UP TO THE FIRST $6,000 OF THE WAGES PAID TO THE
QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE THIRD YEAR OF
EMPLOYMENT.

(D)     FOR EACH TAXABLE YEAR, FOR CHILD CARE PROVIDED OR PAID FOR BY
A BUSINESS ENTITY FOR THE CHILDREN OF A QUALIFIED EMPLOYMENT
OPPORTUNITY EMPLOYEE OF THE BUSINESS ENTITY, A CREDIT IS ALLOWED IN AN
AMOUNT EQUAL TO:

(1)      UP TO $600 OF THE QUALIFIED CHILD CARE EXPENSES INCURRED
FOR EACH QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE FIRST
YEAR OF EMPLOYMENT;

(2)      UP TO $500 OF THE QUALIFIED CHILD CARE EXPENSES INCURRED
FOR EACH QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE
SECOND YEAR OF EMPLOYMENT; AND

(3)      UP TO $400 OF THE QUALIFIED CHILD CARE EXPENSES INCURRED
FOR EACH QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE THIRD
YEAR OF EMPLOYMENT.

(E)     (1) A BUSINESS ENTITY MAY NOT CLAIM THE CREDIT UNDER THIS
SECTION FOR AN EMPLOYEE:

(I)       WHO IS HIRED TO REPLACE A LAID-OFF EMPLOYEE OR TO
REPLACE AN EMPLOYEE WHO IS ON STRIKE; OR

(II)     FOR WHOM THE BUSINESS ENTITY SIMULTANEOUSLY
RECEIVES FEDERAL OR STATE EMPLOYMENT TRAINING BENEFITS.

(2)      A BUSINESS ENTITY MAY NOT CLAIM THE CREDIT UNDER THIS
SECTION UNTIL IT HAS NOTIFIED THE APPROPRIATE GOVERNMENT AGENCY THAT
THE QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE HAS BEEN HIRED.

(3)      A BUSINESS ENTITY MAY NOT CLAIM THE CREDIT UNDER THIS
SECTION FOR AN EMPLOYEE WHOSE EMPLOYMENT LASTS LESS THAN ONE YEAR
UNLESS THE EMPLOYEE:

(I) VOLUNTARILY TERMINATES EMPLOYMENT WITH THE
EMPLOYER;

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