Page 30 - Business Toolkit
P. 30
On-the-Job Training
The reimbursement is equal to 50% of average wages for eligible employees during a typical training period
of three to four months, depending on the applicant’s experience and the requirements of the job. If interest-
ed call 559.585.3532.
Work-Opportunity Tax Credit (WOTC)
A tax credit of $2,400 (and potentially $9,000) for hiring workers who fall under certain categories, such as
residents of empowerment zones or renewal communities; food stamp recipients between 18 and 39 years
old; disabled veterans and more.
Federal Research & Development Tax Credit
Federal tax credit equal to 20% of the amount by which quali ed research expenditures for a taxable year
exceeds its base amount for that year, or for basic research payments.
State Research & Development Tax Credit
The California R&D Credit reduces income or franchise tax. Businesses who paid or incurred quali ed
research expenses while conducting quali ed research in California may receive 15 percent of the excess of
current year research expenditures over a computed base amount (minimum of 50 percent of current year
research expenses).
New Market Tax Credit
Companies who invest in projects that qualify as Community Development Agencies get 39% of the proj-
ect’s cost returned in the form of tax savings spread out over 7 years
