preceding taxable year 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 paragraph (l)(ii) or (iii) of this subsection.

(E) (1) FOR THE TAXABLE YEAR IN WHICH A BUSINESS ENTITY SATISFIES
THE REQUIREMENTS OF ARTICLE 83A, §§ 5-402(K) AND 5-404 OF THE CODE. A CREDIT
IS ALLOWED THAT EQUALS:

(I) UP TO $3,000 OF THE WAGES PAID TO EACH FOCUS AREA
EMPLOYEE WHO:

1. IS AN ECONOMICALLY DISADVANTAGED INDIVIDUAL; AND

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

(II) UP TO $1,000 OF THE WAGES PAID TO EACH FOCUS AREA
EMPLOYEE WHO:

1. IS NOT AN ECONOMICALLY DISADVANTAGED INDIVIDUAL;

AND

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

(2) FOR EACH TAXABLE YEAR AFTER THE TAXABLE YEAR DESCRIBED IN
PARAGRAPH (1) OF THIS SUBSECTION. WHILE THE AREA IS DESIGNATED A FOCUS
AREA, A CREDIT IS ALLOWED THAT EQUALS:

(I) UP TO $3,000 OF THE WAGES PAID TO EACH FOCUS AREA
EMPLOYEE WHO:

1. IS AN ECONOMICALLY DISADVANTAGED INDIVIDUAL;

2. BECAME A FOCUS AREA EMPLOYEE DURING THE
TAXABLE YEAR TO WHICH THE CREDIT APPLIES; AND

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

(II) UP TO $2,000 OF THE WAGES PAID TO EACH FOCUS AREA
EMPLOYEE WHO IS AN ECONOMICALLY DISADVANTAGED INDIVIDUAL. IF THE
BUSINESS ENTITY RECEIVED A CREDIT UNDER PARAGRAPH (1)(I) OF THIS
SUBSECTION FOR THE FOCUS AREA EMPLOYEE IN THE IMMEDIATELY PRECEDING
TAXABLE YEAR; AND

(III) UP TO $1.000 OF THE WAGES PAID TO EACH FOCUS AREA
EMPLOYEE WHO IS NOT HIRED TO REPLACE AN INDIVIDUAL WHOM THE BUSINESS
ENTITY EMPLOYED IN THAT YEAR OR ANY OF THE 3 PRECEDING TAXABLE YEARS IF
THE FOCUS AREA EMPLOYEE: