The Benefits | Wage Tax Credit

The wage tax credit is available for every newly created full-time job in the Zone for up to five (5) consecutive years.

The credit is $1,500 per new full-time employee or $3,000 for a new “targeted” full-time employee.

“Targeted” employees are persons whose income is below the poverty level, recipients of public assistance, an honorably discharged member of any branch of the armed forces of the United States or who may be eligible for benefits under the Job Training Partnership Act.

To qualify for the credit, the average number of employees inside and outside the Empire Zone must exceed the average number of employees in the four years proceeding the first year the Zone wages are paid.

Individuals employed by a related company for the previous sixty months may not be included as new employees unless a wage tax credit was never claimed for that individual prior.