TJTC

AcronymDefinition
TJTCTargeted Jobs Tax Credit
References in periodicals archive ?
These represented increases from the first year of available data examined in the paper (1997), and perhaps increases relative to the TJTC, for which estimates ranged from less than 5% to about 10% (see Christensen 1984; Katz 1998; O'Neill 1982).
Burtless (1985) found that workers who were instructed to present TJTC vouchers to prospective employers experienced less success in finding employment than similar workers without the vouchers.
In the event the credit might be extended, MESC had been accepting employer documentation for TJTC so no Michigan employer would lose the chance to claim the credit.
Over the past 13 months, MESC accepted some 8,000 TJTC applications from employers plus letters of request, despite the program's lapse.
TJTC gives employers a tax credit of 40 percent on the first $6,000 in wages paid during the first year of employment for each eligible employee hired from any of eight targeted hard-to-employ groups.
From our experience, TJTC is certainly an incentive for employers to hire workers they might not ordinarily consider," Edwards said.
TJTC began in 1978 and has been extended several times.
For more information, employers may call the commission's TJTC unit toll-free at 1-800-482-2959, and in the Detroit area, 313-876-5204.