International services – B&O tax credit for new employment
Available to:
Persons providing international services in designated geographical areas, such as computers, data processing, information, legal, accounting and tax preparation, engineering, architectural, business consulting, business management, public relations and advertising, surveying, geological consulting, real estate appraisal, or financial services.
Qualifying activity:
Creating permanent full-time positions in international services located in a Community Empowerment Zone or designated International Services District. International services must be provided to persons domiciled outside or be for use primarily outside the United States.
Credit amount:
$3,000 per qualified position. A credit is earned for up to five years if the position is maintained.
Reporting/documentation:
- No application
- No Annual Survey or Annual Report
- Electronic filing not required
- Maintain records necessary to verify eligibility
- Employment records for the previous six years
Category: State, Other incentives