A. The tax credits set forth in Section 1 of this act shall apply to insurers who take action after November 1, 1987, to:
1. Establish new regional home offices; or
2. Expand existing regional home offices, and hire new employees.
B. An insurer in either category of the requirements of paragraph A of this section must also meet the hiring minimum requirements for the applicable tax credit bracket in Section 1 of this act.
Added by Laws 1987, c. 137, § 2, eff. Nov. 1, 1987.