What are employment tax credits?
Title 5, ยง 1105 provides for an employment tax credit for tax years 1997 through 2006. (House Bill 550 was enacted on 6/20/00 and extends the employment tax credit through 2006.) In order to take the employment tax credit, taxpayers must meet several requirements. These requirements and the calculation for the credit are found in Regulation No. 1109. Taxpayers that take the employment tax credit on their Final Franchise Tax Return must include the regulation and supporting documentation with their return.
