New Hampshire Revised Statutes 162-Q:1 – Definition
Current as of: 2023 | Check for updates
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I. In this chapter “qualified tax credit employee” means a new, full-time, year-round employee hired in Coos county for work directly in one or more business activities for which actual wages paid are equal to or greater than 150 percent of the current state minimum wage. “Qualified tax credit employee” does not include an employee who is:
(a) Shifted to a new position because of a merger, acquisition, or restructuring; or
(b) Laid-off and rehired within 270 days to the same or similar position.
(c) Not on the employer’s payroll for at least 90 days prior to the date on which the employer claims the credit for the first tax period.
II. For the purposes of calculating wages paid to the employee under paragraph I, the amount paid by the employer for medical and dental health care benefits for the employee shall be included in the amount of actual wages paid.
(a) Shifted to a new position because of a merger, acquisition, or restructuring; or
Terms Used In New Hampshire Revised Statutes 162-Q:1
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
(b) Laid-off and rehired within 270 days to the same or similar position.
(c) Not on the employer’s payroll for at least 90 days prior to the date on which the employer claims the credit for the first tax period.
II. For the purposes of calculating wages paid to the employee under paragraph I, the amount paid by the employer for medical and dental health care benefits for the employee shall be included in the amount of actual wages paid.