What is the New Employment Credit?
The New Employment Credit (NEC) replaced the Enterprise Zone Tax Credit and will be in effect from January 1, 2014 until December 31, 2020. Employers that hire qualified full-time employees and pay or incur qualified wages for work performed in a Designed Geographic Area (DGA) can claim the credit on a timely-filed original return.
Who qualifies?
An employee who meets all of the following criteria: