There are four general types of job tax credit: 1) standard, 2) additional annual, 3) persons with disabilities, and 4) community resurgence. There are three sub-types of additional annual job tax credit: a) tier 2, 3, or 4 enhancement county, b) higher level of investment and job creation, and c) adventure tourism zone.
Generally, taxpayers may claim more than one type of job tax credit on the same newly created position. However, taxpayers cannot take both the additional annual credit for enhancement counties and the additional annual credit for higher level of investment and job creation.
A Job Tax Credit Business Plan must be filed with the Department in order to qualify for any of the job tax credits.