A fifteen percent (15%) annual deduction from the payroll or total income advances attributable to the creation of three (3) to five (5) jobs or working positions for new regular members by a special employee-owned corporation shall be granted. Such deduction shall be twenty percent (20%) of said payroll or total income advances when six (6) to ten (10) jobs or working positions for regular members are created and twenty-five percent (25%) when eleven (11) or more new jobs or working positions for regular members are created. Such deduction shall be allowed starting with the first three (3) taxable years from the creation or organization of the special corporation. To enjoy the allowable deduction, the special corporation shall keep the existing employment or working position level for regular members and payroll or total income advance existing during the immediately preceding taxable year, as applicable.Any special employee-owned corporation that claims this deduction shall include, as part of its information return, a list of the jobs or working positions for new regular members created during such taxable year, including the name of the employee or regular member, beginning

e, as part of its information return, a list of the jobs or working positions for new regular members created during such taxable year, including the name of the employee or regular member, beginning date of employment, his/her classification and salary or income advance earned during said taxable year. History —Jan. 31, 2011, No. 1, § 1113.19, retroactive to Jan. 1, 2011.