Small business jobs tax credit; alternate method

# (A)

A taxpayer eligible, pursuant to Section 12-6-3360(C)(2), for the jobs tax credits allowed pursuant to Section 12-6-3360 may elect to claim the applicable credit in the manner provided pursuant to subsection (B) of this section rather than as provided in Section 12-6-3360(C)(2).

# (B)

Beginning with the year the new full-time jobs are created, the taxpayer is allowed a jobs tax credit in an amount equal to the credit amount calculated pursuant to Section 12-6-3360(C)(2) for not more than five consecutive years. A credit is not allowed for a year in which the new full-time job increase falls below the minimum level of two.

# (C)

Except where altered by subsection (B) of this section, the provisions of Section 12-6-3360 are incorporated into this section.

Last amended: 2006 Act No. 389, SECTION 3, eff June 14, 2006; 2007 Act No. 110, SECTION 40.A, eff June 21, 2007, applicable to tax years beginning after December 31, 2005; 2007 Act No. 116, SECTION 46.A, eff June 28, 2007, applicable to tax years beginning after December 31, 2005.

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