The New Employment Credit is offered to businesses within the Designated Geographical Area that meet the qualification requirements.
The New Employment Credit (NEC) is a California tax credit that encourages hiring and employment in the state. The NEC was recently extended by Senate Bill 855. The NEC is available for taxable years beginning on or after January 1, 2014, and before January 1, 2026. The NEC is available to businesses located in designated areas in the state that hire qualified full-time employees, receive a tentative credit reservation for that employee, and meet other requirements.
If you have any questions, you can reach out by email at GEDI@ftb.ca.gov or by phone at (916) 845-3464.