California Revenue and Taxation Code

§ 23636

RTC § 23636 Effective Jun 27, 2016Div. 2 · Part 11 · Ch. 3.5

Statute text

(a)For each taxable year beginning on or after January 1, 2016, and before January 1, 2031, a qualified taxpayer shall be allowed a credit against the “tax,” as defined in Section 23036, in an amount equal to 1712 percent of qualified wages paid or incurred by the qualified taxpayer during the taxable year to qualified full-time employees, subject to the limitations under subdivision (c).

(b)For purposes of this section:

(1)“Annual full-time equivalent” means either of the following:

…

Legislative history

Amended by Stats. 2016, Ch. 31, Sec. 274. (SB 836) Effective June 27, 2016. Repealed as of December 1, 2031, by its own provisions.