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  • Writer's pictureCity of Merced

New State Tax Credit

Small Business Hiring Tax Credit Applications Accepted Dec. 1

State legislators created the $100 million Small Business Hiring Credit to ease economic hardships imposed on small businesses due to COVOD-19.

In brief:

  • $1,000 tax credit for each net new hires in second half of 2020, up to $100,000.

  • Use against personal and corporate income tax liabilities OR sales and use tax liabilities.

  • Application period: December 1, 2020 to January 15, 2021.

  • Applications accepted beginning December 1, 2020. Processed on first come, first served basis.


  • 100 or fewer employees as of December 2019.

  • 50% decrease in gross receipts in Q2 2020 compared to Q2 2019.

  • Net increase in employment July 2020 through November 2020.

Where to Apply:

Other Information:

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