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Martin O'Malley, Governor
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Ch. 370
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(B) (1) EXCEPT AS PROVIDED IN SUBSECTION (E) OF THIS SECTION, A
BUSINESS ENTITY MAY CLAIM A TAX CREDIT IN THE AMOUNTS DETERMINED
UNDER SUBSECTIONS (C) AND (D) OF THIS SECTION FOR THE WAGES AND
QUALIFIED CHILD CARE OR TRANSPORTATION EXPENSES WITH RESPECT TO A
QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE THAT ARE PAID IN THE
TAXABLE YEAR FOR WHICH THE BUSINESS ENTITY CLAIMS THE CREDIT.
(2) THE SAME TAX CREDIT CANNOT BE APPLIED MORE THAN
ONCE AGAINST DIFFERENT TAXES BY THE SAME TAXPAYER.
(C) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, FOR EACH TAXABLE YEAR, FOR THE WAGES PAID TO EACH
QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE, A CREDIT IS ALLOWED IN
AN AMOUNT EQUAL TO:
(I) 30% OF UP TO THE FIRST $6,000 OF THE WAGES PAID TO
THE QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE FIRST
YEAR OF EMPLOYMENT; AND
(II) 20% OF UP TO THE FIRST $6,000 OF THE WAGES PAID TO
THE QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE DURING THE SECOND
YEAR OF EMPLOYMENT.
(2) IF THE QUALIFIED EMPLOYMENT OPPORTUNITY EMPLOYEE
HAS BEEN A RECIPIENT OF TEMPORARY CASH ASSISTANCE FROM THE STATE
UNDER THE AID TO FAMILIES WITH DEPENDENT CHILDREN PROGRAM OR THE
FAMILY INVESTMENT PROGRAM FOR AT LEAST 18 OF THE LAST 48 MONTHS,
WHETHER CONSECUTIVE OR NOT CONSECUTIVE, AND HAS BEEN EMPLOYED FOR
A FULL YEAR BY A BUSINESS ENTITY CLAIMING THE CREDIT, THE CREDIT
ALLOWED UNDER THIS SECTION IS AN AMOUNT EQUAL TO 40% OF UP TO THE
FIRST $10,000 IN WAGES PAID TO THE QUALIFIED EMPLOYMENT OPPORTUNITY
EMPLOYEE DURING THE FIRST 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 OR FOR TRANSPORTATION
EXPENSES, A CREDIT IS ALLOWED IN AN AMOUNT EQUAL TO:
(1) UP TO $600 OF THE QUALIFIED CHILD CARE OR
TRANSPORTATION EXPENSES INCURRED FOR EACH QUALIFIED EMPLOYMENT
OPPORTUNITY EMPLOYEE DURING THE FIRST YEAR OF EMPLOYMENT; AND
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- 2325 -
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