President Signs Jobs Bill Extending Section 179 Expensing Again

In addition to the tax forgiveness, the employer will receive a business tax credit of the lesser of $1,000 or 6.2% of wages paid during a 52 consecutive week period for each “retained worker” as follows:

• Retained Worker hired under the conditions qualifying for tax forgiveness;

• Employed for a period of not less than 52 consecutive weeks; and,