INCENTIVE DESCRIPTION

State:	AK
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	Jobs Credits
Description:	1. WORK OPPORTUNITY TAX CREDIT have a two-tiered credit based on the first $6,000 of earnings: (1) 25% credit for workers who worked at least 120 hours but less than 400 hours, and (2) 40% credit for workers who worked at least 400 hours ($2,400 maximum credit) 2. WELFARE-TO-WORK TAX CREDITS can be earned for the first two years of employment: (1) 35% of the first $10,000 of qualified wages paid in the first year of employment, providing a maximum first year credit of $3,500. (2) 50% of the first $10,000 of qualified wages* paid in the second year of employment, providing a maximum second year credit of $5,000.
Eligibility Requirements:	1. Targeted workers include TANF Recipients, Food Stamp Recipients, Veterans, Vocational Rehabilitation referrals, Ex-felons, SSI Recipients. 2. Targeted workers include Long-term Family Assistance Recipients.
Geographic Restrictions:	Statewide
Granting Authority:	State of Alaska

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.