California Revenue and Taxation Code

§ 17053.7

RTC § 17053.7 Effective Oct 2, 1989Div. 2 · Part 10 · Ch. 2

Statute text

(a)There shall be allowed as a credit against the “net tax” (as defined by Section 17039) an amount equal to 10 percent of the amount of wages paid to each employee who is certified by the Employment Development Department to meet the requirements of Section 328 of the Unemployment Insurance Code. The credit under this section shall not apply to an individual unless, on or before the day on which that individual begins work for the employer, the employer:

(1)Has received a certification from the Employment Development Department, or

(2)Has requested in writing that certification from the Employment Development Department. For the purposes of this subdivision, if on or before the day on which the individual begins work for the employer, the individual has received from the Employment Development Department a written preliminary determination that he or she is a member of a targeted group, then the requirement of paragraph (1) or (2) shall be applicable on or before the fifth day on which the individual begins work for the employer.

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Legislative history

Amended by Stats. 1989, Ch. 1352, Sec. 13.5. Effective October 2, 1989. Applicable to taxable years beginning on or after January 1, 1989, by Sec. 172 of Ch. 1352.