Sec. 03.04.13.03. Calculation of Credit

A. A credit is allowed for each taxable year, in an amount equal to:

(1) 30 percent of up to the first $6,000 of the wages paid to a qualified ex-felon employee during the first year of employment; and

(2) 20 percent of up to the first $6,000 of the wages paid to a qualified ex-felon employee during the second year of employment.

B. A credit is allowed for the wages paid to a qualified ex-felon employee whose employment lasted less than 1 year in an amount equal to:

(1) 30 percent of up to the first $6,000 of the wages paid to a qualified ex-felon employee during the course of employment if the employee voluntarily terminated employment to take another job;

(2) 30 percent of up to the first $6,000 of the wages paid to a qualified ex-felon employee, whose employment is less than 1 year for any reason other than that stated in §B(1) of this regulation, prorated by a fraction:

(a) The numerator of which is the number of months the employee was employed; and

(b) The denominator of which is 12 months.