Details of the New Employment Credit include: Taxpayers must be located in a designated census tract to qualify for the credit Taxpayers can claim the credit for wages paid to their employees equal to at least the minimum wage but not exceeding 350% of the minimum wage For the 2023 tax year, taxpayers need to request a tentative credit reservation from the FIB within 30 days of completing the EDD's new hire reporting requirements Among those eligible for the credit are workers who have been unemployed for at least three months