$25K
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Provides $3,500 per new full-time job (and $500 per $5,000 in eligible equipment purchases) in non-refundable income tax credits to qualifying small businesses. Designed for businesses with 50 or fewer employees.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Business must have 50 or fewer full-time employees at time of application
2.Must create at least 1 new full-time job that pays at least the federal minimum wage
3.Purchase qualifying equipment, technology, or machinery
4.Application submitted within 18 months of hiring/purchase
5.Retail businesses and professional services excluded
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