Where is the RC located in the City of Niagara Falls?
The boundary areas of the Niagara Falls RC covers Census Tracts 202, 204, 205, 206, 209 and certain eligible areas of 211. Those areas are highlighted on the following map: View Detail (322k) Download PDF (203k) How long can I benefit from the RC? The tax incentives will be available January 1, 2002, through December 31, 2009. What is a Renewal Community Employment Credit? The credit is 15% of the qualified wages paid or incurred during a calendar year. The amount of qualified wages you can use to figure the credit cannot be more than $10,000 for each employee for each calendar year. As a result, the credit can be as much as $1,500 (15% of $10,000) per qualified employee each year. What makes an employee and their wages qualified? A qualified employee is any employee who meets both of the following tests: • The employee performs substantially all of his or her services for you within a renewal community and in your trade or business. • While performing those services, the employee has
