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The Hiring Tax Credit is based on the lesser of the
actual hourly wage paid or 150% of the minimum hourly wage
established by the Industrial Welfare Commission.
Currently, the minimum wage is $8.00. The hiring credit
ceiling is 150% of the minimum wage or $12.00 per hour.
In determining the allowed wages and the percentage breaks for a
part-time employee, use the full-time equivalent or 2,080 hours
per year. Wages that qualify for the hiring credit are
those wages paid to a qualified
employee for the consecutive 60-month period beginning on
the first date the employee commenced employment with the
employer. There is no time of employment requirement to
take advantage of this tax credit. Once employed, all
wages paid to a qualified employee are eligible.
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