2013 Vermont Statutes
Title 32 Taxation and Finance
Chapter 151 INCOME TAXES
§ 5925 Definitions

5925. Definitions

The following definitions shall apply throughout this subchapter unless the context requires otherwise:

(1) "Qualified employee" means an employee (as defined under the laws of the United States) of a qualified employer who devotes at least 90 percent of the time he or she is employed by such employer to the performance of services that are directly related to the conduct of the employer's trade or business in the job development zone.

(2) "Qualified economically disadvantaged individual" means a qualified employee, who during the six months prior to being hired by a qualified employer,

(A) was qualified under Title IIa of the Job Training Partnership Act and was unemployed for at least 30 consecutive days; or

(B) was unemployed for at least three months.

(3) "Qualified employer" means, for any taxable year, an individual, partnership, corporation, or other business entity doing business in the job development zone during any portion of that taxable year with the intent of providing permanent employment, rather than transient employment, within the job zone.

(4) "Qualified wages" means the wages, as defined under the laws of the United States, which are:

(A) paid to a qualified employee or qualified economically disadvantaged individual during the employee's first 12 months of employment by a qualified employer; and

(B) paid at a wage rate which is at least one and one-half times the prevailing minimum wage as defined in 21 V.S.A. 384(a).

(5) "Job development zone" means a locality designated under 10 V.S.A. chapter 29, subchapter 2. (Added 1985, No. 172 (Adj. Sess.), 9.)