Who can apply for the Coos County Job Creation Credit?
Business organizations that create new jobs in Coos County during the fiscal year by hiring one or more “qualified tax credit employees.” “Qualified tax credit employee” does not include an employee that shifted to a new position because of a merger, acquisition or restructuring. Employees who are laid-off and rehired within 270 days to the same or similar positions do not qualify for the credit. Additionally, an employee must have been on the employer’s payroll for at least 90 days prior to the date on which the employer claims the credit for the first tax period. If the position ceases to exist at anytime during the 5 consecutive tax periods, the employer may not claim the credit for any period in which the position ceases to exist or for any future tax periods within the 5 consecutive tax periods.
