Form Ur-J - Application For Eligibility - Urban Job Tax Credit Program - Florida Department Of Economic Opportunity Page 3
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9FORM UR-J
Rev. 07/01
MINIMUM NUMBER OF NEW JOBS (TIERS/NEW OR EXISTING BUSINESSES)
NEW BUSINESS
TIER
MINIMUM NUMBER OF QUALIFIED
TAX CREDIT PER
EMPLOYEES
QUALIFIED EMPLOYEE
I
10
$1,500.00 *
II
20
$1,000.00 *
III
30
$500.00 *
EXISTING BUSINESS
TIER
MINIMUM NUMBER OF ADDITIONAL
TAX CREDIT PER
QUALIFIED EMPLOYEES
ADDITIONAL QUALIFIED
EMPLOYEE
I
5 More than previous year
$1,500.00 *
II
10 More than previous year
$1,000.00 *
III
15 More than previous year
$500.00 *
* For Welfare Transition Program participants add an additional $500.00 tax credit. Such Welfare
Transition Program employees must be employed on the date of application and have been employed less than
1 year as of that date. If the person has been employed for more than one year on the date of application,
then the additional credit is not available for that employee.
CALCULATION OF TAX CREDIT:
New Eligible Business: A new eligible business that, on the date of application, has at least the minimum number of
qualified employees on the date of application shall receive a tax credit per qualified employee in the amount per
employee identified on the above chart for that tier.
Existing Eligible Business: An existing eligible business that, on the date of application, has at least the minimum
number of additional qualified employees required for that tier than it had one year before the date of application
shall receive a tax credit for each such additional qualified employee in the amount per employee identified on the
above chart for that tier. To determine the number of additional qualified employees, the business must determine
(a) the number of qualified employees currently employed as of the date of application and (b) the number of
qualified employees then-currently employed as of one year prior to the date of application. If (a) is greater than (b)
and the difference is equal to or exceeds the minimum number of additional qualified employees, then the difference
between the two numbers shall be multiplied by the tax credit per additional employee identified on the above chart
for that tier.
DEFINITION OF “SMALL BUSINESS:”
A “Small Business” is defined in section 288.703, F.S., means an independently owned and operated business
concern that employs 200 or fewer permanent full-time employees and that, together with its affiliates, has a net
worth of not more than $5 million or any firm based in this state which has a Small Business Administration 8(a)
certification. As applicable to sole proprietorships, the $5 million net worth requirement shall include both personal
and business investments.
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