Qualifying Employees
* The employer may take the credit for hiring young Enterprise
Community residents-individuals
who are 18 through 24 (high risk youth) and
individuals 16 and 17 years old who are hired to
work between May and September (summer youth
employees).
* The credit is available whether the Enterprise Community
youth works inside or outside the
enterprise community, so long as the principle
residence of the youth is within the enterprise
community.
* The credit may not be claimed for wages paid to certain
employees related to the employer
or any owner of at least 5% of the business.
Credit Amount
* The maximum credit amount for high risk youth is $2100.00
per hire. The credit is equal to 35%
of up to $3000.00 in wages paid for any 90
day period between May 1 and September 15.
* The credit for those age 18 to 24 is up to 40% of qualified
wages of employees who work 400
hours or more, increasing the credit amount
from $2100.00 to $2400.00.
* The amount of credit is capped at $3000.00 in wages paid
during the first year of employment
for Summer Youth of the Enterprise Community.
To receive more information contact Robert Wheeler @ (202) 622-6060