New Employment Credit: Changes Beginning in January.
The New Employment Credit is a California tax credit that encourages hiring and employment in parts of the state, To claim the credit, businesses must have employees working in an eligible area, known as a Designated Geographic Area. The DGA includes census tracts in the state with higher unemployment and poverty rates and excludes tracts with lower rates, The census tracks were identified by the Department of Finance when the NEC began in 2014.
The Department of Finance recently re-designated the census tracts, which altered the DGA, Some census tracts that were previously eligible are no longer in the DGA, Other census tracts that...
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