§ 44-55-4. Criteria for tax incentives.
(a) A business whose employees each meet the following criteria as certified by the department
of labor and training shall be entitled to an incentive in the amount of forty percent
(40%) of the eligible employee's first year wages, up to a maximum of two thousand
four hundred dollars ($2,400) per eligible employee:
(1) The hired employee shall attest and must have been unemployed for a period of at least
twenty-six (26) consecutive calendar weeks immediately prior to employment with the
claimant business; and
(2) The
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§ 44-55-4. Criteria for tax incentives.
(a) A business whose employees each meet the following criteria as certified by the department
of labor and training shall be entitled to an incentive in the amount of forty percent
(40%) of the eligible employee's first year wages, up to a maximum of two thousand
four hundred dollars ($2,400) per eligible employee:
(1) The hired employee shall attest and must have been unemployed for a period of at least
twenty-six (26) consecutive calendar weeks immediately prior to employment with the
claimant business; and
(2) The employee must have been in the employ of the claimant business for a minimum period
of fifty-two (52) consecutive calendar weeks, and a minimum of one thousand eight
hundred twenty (1,820) hours of paid employment before the employer can become eligible
for the incentive.
(b) The incentive shall be applied only once for any given employee. The employee must
be a first time hiree of the claimant business and not have worked for any company
that subsequently merges with or is acquired by the business. Also, any employee which
a business leases does not qualify for this incentive.
(c) In order to avail itself of the incentive, the business must file for the incentive
for the employee with the department of labor and training within thirty (30) days
from the first day the employee begins work. The department of labor and training
shall notify the business as soon as practicable after the completion of certification
pursuant to the provisions of this section and § 44-55-4.1.
(d) The employee cannot be a relative of any controlling shareholder, director, or officer
of the claimant corporation, nor controlling shareholder, officer, or manager of the
claimant limited liability company, nor partner or owner of any claimant partnership,
joint venture, sole proprietorship or any other type of legal business entity claiming
the incentive under this chapter.