Employee credit(s) hire date clarification:
Per statute § 63 N-2-202 (6), a qualified new
full-time employee position must be
"filled by an employee working at least 30 hours per week: (a) for a
period of six consecutive months; and (b) where the period ends in the tax year
for which the credit is claimed."
This definition suggests that employees hired later
within the fiscal year can’t be claimed due to the six months end date falling
outside of the year. An entity that includes employees with a hire date after
June (excluding the first week of July up to July 10 for 2016) are able to
claim these employees in the following year. For example, if the employee, John
Doe, is hired July 28, 2016, the 6 consecutive months will end in the following
year on the date January 26, 2017. Since the period ends in 2017, John Doe can
be claimed by the entity for the tax year of 2017. This same procedure is
followed and applicable for the baseline.