What is a qualified increased employment expenditure?
Qualified increased employment expenditures means the following: 1) For a taxpayers taxable year other than the taxpayers taxable year in which the enterprise zone is established, the amount by which qualified wages paid or payable by the taxpayer during the taxable year to qualified employees exceeds the taxpayers base period wages. Example: Base Period Wages = $20,000 Qualified Wages = $25,000 $25,000 – $20,000 = $5,000 (Qualified Increase Employment Expenditure) 2) For the taxpayers taxable year in which the enterprise zone is established, the amount by which qualified wages paid or payable by the taxpayer during all of the full calendar months in the taxpayers taxable year that succeed the date on which the enterprise zone was established exceed the taxpayers monthly base period wages multiplied by that same number of full calendar months. Example 1: Most enterprise zones are established on the first day of January. If the enterprise zone is established January 1, 1993 and the taxa
