•  
  •  
 

Abstract

The Small Business and Work Opportunity Tax Act of 20071, in addition to other changes in the Work Opportunity Tax Credit,2 the 2007 tax act extended the credit to newly-hired employees residing in a “rural renewal county.”3 The credit amount is up to a maximum of 40 percent of the first $6,000 of “qualified first-year wages” paid to an eligible employee who is a “designated community resident” and who works for at least 400 hours during the first year of employment.4 Thus, the credit could be as much as $2400 for each eligible employee.5

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.