Sec 43-1162.01. Credit for ecological restoration workforce training

A. In addition to the credit allowed by section 43-1162, for taxable years beginning from and after December 31, 2011 through December 31, 2024 a credit is allowed against the taxes imposed by this title for expenses incurred in training new employees in qualified employment positions by a qualified business that is certified by the Arizona commerce authority as a healthy forest enterprise pursuant to section 41-1516.

B. The amount of the credit is the net cost to the taxpayer of training and certifying a new employee in a qualified employment position but not more than three thousand dollars for each full-time employee hired in a qualified employment position in each of the first three years of employment, but not more than a total of two hundred employees employed by the taxpayer in any taxable year.

C. The terms and conditions prescribed by section 43-1162, subsections C through J apply with respect to the credit under this section.