for a credit under this section for the previous fiscal year by
January 15.
(d) Apportionment.--The department shall apportion a zone
job creation tax credit for a business that is a qualified
business that has not operated in a zone for a full fiscal year.
(e) Credit determinations.--The zone job creation tax credit
shall be determined by multiplying the monthly average of all
full-time jobs by the allowance. The allowance for purposes of
the zone job creation tax credit, for taxable years beginning
within the dates set forth shall be as follows:
January 1, 2017, to December 31, 2017 $500 per job
January 1, 2018, to December 31, 2018 $750 per job
January 1, 2019, to December 31, 2019 $1,000 per job
January 1, 2020, to December 31, 2020 $1,250 per job
January 1, 2021, to December 31, 2021 $1,250 per job
January 1, 2022, to December 31, 2022 $1,250 per job
January 1, 2023, to December 31, 2023 $1,250 per job
January 1, 2024, to December 31, 2024 $1,250 per job
January 1, 2025, to December 31, 2025 $1,250 per job
January 1, 2026, to December 31, 2026 $1,250 per job
January 1, 2027, to December 31, 2027 $1,250 per job
(f) Notification of credit.--By March 15, the department
shall notify the qualified business of the amount of the
qualified business' job creation tax credit that was approved.
(g) Allocation.--The total amount of credits approved by the
department under this section may not exceed $10,000,000
annually. If the credits exceed the $10,000,000 cap in a given
year, the credits shall be allocated on a pro rata basis.
(h) Calculation of allocation.--If the total amount of zone
job creation tax credits applied for by all qualified businesses
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