2019 Instructions for Form FTB 3554 New Employment Credit Booklet
Important Information
New Employment Credit
The New Employment Credit (NEC) is available for each taxable year beginning on or after January 1, 2014, and before January 1, 2026. This credit is for a qualified taxpayer that hires a qualified full-time employee on or after January 1, 2014, and pays or incurs qualified wages attributable to work performed by that employee in a designated census tract, pilot area, or former economic development area, known as the Designated Geographic Area (DGA), and receives a Tentative Credit Reservation (TCR) for that employee. In addition, an annual certification of employment is required with respect to each qualified full-time employee hired in a previous taxable year. In order to be allowed a credit, the qualified taxpayer must have a net increase in the total number of full- time employees working in California, when compared to its base year, both determined on an annual full-time equivalent basis. See Specific Line Instructions, Part I - Net Increase in Full-Time Employees, for more information.
For more information, go to ftb.ca.gov and search for nec.
Reporting Requirement
California law requires the Franchise Tax Board (FTB) to report on FTB’s website the names of employers claiming the credit, the amount of the credit, and the number of new jobs created.
Purpose
Use form FTB 3554, New Employment Credit, to figure a credit for a qualified taxpayer that hires a qualified full-time employee and pays or incurs qualified wages attributable to work performed by that employee in a DGA and receives a TCR for that employee.
The NEC must be claimed on a timely filed original tax return of the qualified taxpayer.
An employer cannot claim the NEC for an employee hired before January 1, 2014.
General Information
A. Designated Geographic Area
In order to qualify for the NEC, the qualified taxpayer must have a qualified full-time employee performing services for the employer in the DGA. The DGA is defined as:
- Designated census tracts that have the highest unemployment and highest poverty in the state.
- Former Enterprise Zones (in existence on December 31, 2011, designated in 2012) and any revision to an EZ prior to June 30, 2013, except census tracts within those EZs with the lowest unemployment and poverty levels.
- Former LAMBRAs (in existence on July 11, 2013).
B. Qualified Taxpayer
A qualified taxpayer is an employer engaged in a trade or business within a DGA who, during the taxable year, pays qualified wages to a qualified full-time employee, and is not in an excluded business. See Line Instructions, Question B, Excluded PBA/NAICS Codes.
A qualified taxpayer must hire a qualified full-time employee on or after January 1, 2014, and before January 1, 2026, and receive a TCR from FTB within 30 days of complying with the Employment Development Department (EDD) new hire reporting requirements for that employee. In addition, a qualified taxpayer must annually certify each qualified full-time employee.
C. Tentative Credit Reservation
An employer is required to obtain a TCR from FTB for a qualified full-time employee. The employer must get the reservation within 30 days of completing the EDD new hire reporting requirements. A qualified taxpayer must obtain the TCR through an online system that is available on FTB’s website. For more information on the TCR, go to ftb.ca.gov and search for nec.
D. Annual Certification of Employment
The qualified taxpayer must annually certify that it is still a qualified employer and that each qualified full-time employee hired in a previous taxable year is still qualified in the current taxable year. The annual certification of employment is due on or before the 15th day of the third month of the qualified taxpayer’s current taxable year. For more information on annual certification, go to ftb.ca.gov and search for nec.
E. Relocating Businesses
A qualified taxpayer who relocates to a DGA will be allowed a NEC for wages paid to each qualified full-time employee employed in the new location only if the taxpayer provides each employee at the previous locations a written offer of employment at the new location, with comparable compensation. Note: This requirement does not apply if the qualified taxpayer is a small business.
This requirement for relocated employees applies if the taxpayer has an increase in the number of qualified full-time employees in a DGA within a 12-month period in which there is a decrease in the number of full-time employees employed in California but outside of the DGA.
F. Qualified wages
Qualified wages are wages paid by the qualified taxpayer during the taxable year to the qualified full-time employee that exceeds 150% but does not exceed 350% of minimum wage. The tentative credit is determined by multiplying the qualified wages for all qualified employees by 35%.
Wages for salaried employees must be converted to an hourly amount. A reasonable way to do this would be to divide the annualized salary by 2000 hours.
Qualified wages are wages paid during the 60 month period beginning with the first day the qualified full-time employee commences employment with the qualified taxpayer in the DGA. For this purpose, commencement of employment or the hire date is the first day for which the individual receives wages/compensation.
For an employer that operates a business that has regularly occurring seasonal or intermittent employment decreases and increases, re- employment of an individual is not a new hire. It is a continuation of the prior employment and does not constitute commencement of employment for the qualified wages test.
Employer employs 25 or fewer employees
Dates | Qualified wage must exceed | Maximum qualified hourly wage |
---|---|---|
January 1, 2019 – December 31, 2019 | $16.50 | $38.50 |
Employer employs 26 or more employees
Dates | Qualified wage must exceed | Maximum qualified hourly wage |
---|---|---|
January 1, 2019 – December 31, 2019 | $18.00 | $42.00 |
G. Minimum Wage
For any employer who employs 25 or fewer employees, the California minimum wage is:
- $11.00 per hour from January 1, 2019 through December 31, 2019.
- $12.00 per hour from January 1, 2020 through December 31, 2020.
For any employer who employs 26 or more employees, the California minimum wage is:
- $12.00 per hour from January 1, 2019 through December 31, 2019.
- $13.00 per hour from January 1, 2020 through December 31, 2020.
H. Limitations
S corporations may claim only 1/3 of the credit against the 1.5% entity level tax (3.5% for financial S corporations). The remaining 2/3 must be disregarded and may not be used as a carryover. S corporations can pass through 100% of the credit to their shareholders.
If a taxpayer owns an interest in a disregarded business entity [a single member limited liability company (SMLLC) not recognized by California, and for tax purposes is treated as a sole proprietorship owned by an individual or a branch owned by a corporation], the usable credit amount received from the disregarded entity is limited to the difference between the taxpayer’s regular tax figured with the income of the disregarded entity, and the taxpayer’s regular tax figured without the income of the disregarded entity.
Get Form 568, Limited Liability Company Tax Booklet, for more information.
This credit cannot reduce the regular tax below the minimum franchise tax (corporations and S corporations), the annual tax (limited partnerships, limited liability partnerships, and LLCs classified as a partnership), the alternative minimum tax (corporations, exempt organizations, individuals, and fiduciaries), the built-in gains tax (S corporations), or the excess net passive income tax (S corporations).
This credit cannot reduce regular tax below the tentative minimum tax. Get Schedule P (100, 100W, 540, 540NR, or 541), Alternative Minimum Tax and Credit Limitations, for more information.
This credit is not refundable.
Generally, the credit or credit carryover cannot be transferred to another employer unless there was a qualifying merger under the Internal Revenue Code or the credit qualifies under the California Revenue and Taxation Code (R&TC) Section 23663 for an assignment to an affiliated corporation.
I. Assignment of Credits
Credits earned by members of a combined reporting group may be assigned to an affiliated corporation that is an eligible member of the same combined reporting group. A credit assigned may only be claimed by the affiliated corporation against its tax liability. For more information, get form FTB 3544, Assignment of Credit, or go to ftb.ca.gov and search for credit assignment.
J. Carryover
If the available credit exceeds the current year tax liability or is limited by tentative minimum tax, the unused credit may be carried over for five years or until the credit is exhausted, whichever occurs first. Apply the carryover to the earliest taxable year. In no event can the credit be carried back and applied against a prior year’s tax. Retain all records that document this credit and carryovers. The FTB may require access to these records.
K. Recapture
You may be required to recapture a previously taken credit if a qualified full-time employee is terminated within the first 36 months after beginning employment. The amount of credit that must be recaptured is the amount for that taxable year and all prior taxable years attributed to qualified wages paid to that employee.
You are not required to recapture the credit if you meet any of the following exceptions:
- The employee voluntarily leaves employment.
- The employee becomes disabled and unable to perform the services of that employment, unless the disability is removed before the close of the period and the employer fails to offer re-employment.
- The employee is terminated due to misconduct.
- The employer has a substantial reduction in operations, including reductions due to seasonal employment.
- The employee is replaced by other qualified full-time employees so as to create a net increase in both the number of employees and the number of hours of employment.
- The employment is considered seasonal, and the qualified employee is rehired on a seasonal basis.
Follow the instructions in the tax booklets if you are required to recapture the NEC.
Examples of the NEC Calculations
Example 1 – Employer with 26 or more employees
ABC Company is a qualified taxpayer and has a net increase in full-time employees. ABC Company receives the full amount of the tentative credit.
ABC Company is on a calendar year basis and operates entirely within the DGA. For its taxable year 2018, ABC Company has 100 full-time employees based on annual full-time equivalents. During taxable year 2019, ABC Company hired a number of new full-time employees, 2 of which were qualified full-time employees. ABC Company received a TCR for these employees as required.
Assume the following facts:
James Smith was hired on January 1, 2019, at an hourly wage of $19.00 and on July 1, 2019, his hourly wage was increased to $20.00 per hour. James worked 2,000 hours during taxable year 2019. Jane Jones was hired on July 1, 2019, at an hourly wage of $20.00 and worked 1,000 hours during taxable year 2019. The qualified wages and tentative credit are computed as follows:
Actual Wages | 150% of Minimum Wage | Qualified Wages | Hours Worked | Multiply by Applicable Credit Percentage | Tentative Credit | |
---|---|---|---|---|---|---|
James Smith Jan 1 – June 30 |
$19.00 | $18.00 | $1.00 | 1,000 | 35% | $350.00 |
James Smith July 1 – Dec 31 |
$20.00 | $18.00 | $2.00 | 1,000 | 35% | $700.00 |
Jane Jones July 1 – Dec 31 |
$20.00 | $18.00 | $2.00 | 1,000 | 35% | $700.00 |
Total Tentative Credit | Not Applicable | Not Applicable | Not Applicable | Not Applicable | Not Applicable | $1,750.00 |
In its base year, annual full-time equivalents were 100. The annual full-time equivalents for 2019 was 108. The net increase in full-time employees over the base year is 8. The credit generated is computed as follows:
Description | Calculation |
---|---|
Numerator | 108-100 = 8 (Net Increase in full-time employees) |
Denominator | 2 qualified full-time employees |
Computation | 8/2 = 100% (the applicable percentage cannot exceed 100%) |
Tentative Credit Amount | $1,750.00 |
Credit Generated | $1,750.00 ($1,750.00 × 100%) |
Example 2 – Employer with 26 or more employees
ABC Company has a net increase in full-time employees and receives a partial amount of the tentative credit.
Assume the same facts as Example 1, except due to attrition the annual full-time equivalents for taxable year 2019 was 101. The net increase in full-time employees over the base year is 1 (101-100). The credit generated is computed as follows:
Description | Calculation |
---|---|
Numerator | 101-100 = 1 (Net Increase in full-time employees) |
Denominator | 2 qualified full-time employees |
Computation | 1/2 = 50% |
Tentative Credit Amount | $1,750.00 |
Credit Generated | $875.00 ($1,750.00 × 50%) |
Example 3
ABC Company does not have a net increase in full-time employees and receives no amount of the tentative credit.
The annual full-time equivalents for taxable year 2019 was 98. The net increase in full-time employees over the base year is zero (98-100 but it cannot be less than 0). ABC Company cannot claim a credit in taxable year 2019.
Example 4 – Employer with 25 or fewer employees
XYZ Company is a qualified taxpayer and first commences doing business in California on January 1, 2019, and receives the full amount of the tentative credit.
XYZ Company is on a calendar year basis and first commences business in California on January 1, 2019, and operates in the DGA. During its taxable year 2019, XYZ Company hired a number of full-time employees, 2 of which were qualified full-time employees. Assume the following facts:
Jeff Smith was hired on January 1, 2019, at an hourly wage of $17.00 and on July 1, 2019, his hourly wage was increased to $18.00. Jeff worked 2,000 hours during taxable year 2019. Mary Jones was hired on July 1, 2019, at an hourly wage of $18.50 and worked 1,000 hours during taxable year 2019.
The qualified wages and tentative credit are computed as follows:
Actual Wages | 150% of Minimum Wage | Qualified Wages | Hours Worked | Multiply by Applicable Credit Percentage | Tentative Credit | |
---|---|---|---|---|---|---|
Jeff Smith Jan 1 – June 30 |
$17.00 | $16.50 | $0.50 | 1,000 | 35% | $175.00 |
Jeff Smith July 1 – Dec 31 |
$18.00 | $16.50 | $1.50 | 1,000 | 35% | $525.00 |
Mary Jones July 1 – Dec 31 |
$18.50 | $16.50 | $2.00 | 1,000 | 35% | $700.00 |
Total Tentative Credit | N/A | N/A | N/A | N/A | N/A | $1,400.00 |
Since XYZ Company first commenced business in California on January 1, 2019, its base year annual full-time equivalents are zero. Assume its annual full-time equivalents were 5 in taxable year 2019. The net increase in full-time employees over the base year is 5 (5-0). The credit generated is computed as follows:
Description | Calculation |
---|---|
Numerator | 5-0 = 5 (Net Increase in full-time employees ) |
Denominator | 2 qualified full-time employees |
Computation | 5/2 = 100% (the applicable percentage cannot exceed 100%) |
Tentative Credit Amount | $1,400.00 |
Credit Generated | $1,400.00 ($1,400.00 × 100%) |
Line Instructions
Name of taxpayer generating the credit
Enter the name of the taxpayer that generated the tax credit. Also, enter the SSN, ITIN, CA Corporation no., FEIN, or the California Secretary of State file number of the taxpayer in the space provided. Complete this section even if it is the same taxpayer that appears on the California return. Do not enter the word “same”.
Answer Questions A through C
Corporations, exempt organizations, sole proprietors, estates, trusts, and partnerships generating the credit, complete items A through C.
Investors of pass-through entities, start on Line 22.
Question A
An employer is required to obtain a TCR from the FTB for each qualified employee. Only claim a credit for an employee which you obtained a TCR. For more information, see General Information C, Tentative Credit Reservation.
Question B
Enter the Principal Business Activity (PBA) code of your principal activities. The PBAs are based on the North American Industry Classification System (NAICS).
The entity’s primary line of business is determined on a separate company basis (not a combined group basis) when determining if the corporation is in an excluded industry.
Excluded PBA/NAICS Codes
In order to be a qualified taxpayer, your primary PBA code or NAICS code must not be an excluded one. Excluded businesses are those in temporary help services or retail trades, and those primarily in food services, theater companies and dinner theaters, drinking places (alcoholic beverages), or casinos and casino hotels. These otherwise disqualified businesses may be qualified if they are considered a small business.
The NAICS codes for each of these disqualified industries are:
- Temporary Help-NAICS 561320
- Retail Trade Services-NAICS Sector 44-45
- Primarily Theater Companies and Dinner Theater-NAICS 711110
- Primarily Food Services-NAICS 722511, 722513, 722514, and 722515
- Primarily Casino and Casino Hotels-NAICS 713210 and 721120
- Primarily Drinking Places (Alcoholic Beverages)-NAICS 722410
All sexually-oriented businesses are excluded from being a qualified taxpayer regardless of their status as a small business explained below. A sexually oriented business includes a nightclub, bar, or similar commercial enterprise that provides for an audience of two or more individuals live nude entertainment or live nude performances where the nudity is a function of everyday business operations, and where nudity is a planned and intentional part of the entertainment or performance.
Question C
For this purpose, “gross receipts” means the sum of the gross receipts from the production of business income, as defined in R&TC Section 25120(a), and the gross receipts from the production of nonbusiness income, as defined in R&TC Section 25120(d).
Gross receipts
If your gross receipts qualify you as a “small business”, the only applicable exclusion is for sexually oriented businesses.
A small business is a business that has aggregate gross receipts, less returns and allowances reportable to this state, of less than two million dollars ($2,000,000) during the previous taxable year.
Determination of whether a taxpayer is a “small business” is made on an annual basis, and is determined by each individual entity.
Part I – Net Increase in Full-Time Employees
The net increase in full-time employees is the total number of annual full-time equivalents in the current taxable year, less the annual full-time equivalents in the base year.
Base year
The base year is the year before the 1st qualified employee is hired. The base year is taxable year 2018 for an employer who hired its first qualified full-time employee during taxable year 2019.
Once the base year is established, it does not change from year to year.
For taxpayers who first commence doing business in California during the current taxable year, the number of full-time employees for the base year would be zero. For more information in determining whether the taxpayer has first commenced doing business in this state during the current taxable year, see Legal Rulings 96-5 and 99-2, and R&TC Sections 17276(f) and 24416(g).
Annual full-time equivalents working in California
An employer must determine their annual full-time equivalents for their base year, and for each taxable year for which they will claim a credit. The number of full-time equivalents is the number of full-time employees who work the entire year and a pro-rata fraction for full-time employees who did not work the entire year. For full-time employees who worked part of the year, the fraction is determined as follows:
- For a full-time employee paid hourly qualified wages, the total number of hours worked for the taxpayer by the employee (not to exceed 2,000 hours per employee) divided by 2000.
- For a salaried full-time employee, the total number of weeks worked for the qualified taxpayer by the employee divided by 52.
Part time employees are not included in the calculation of annual full- time equivalents.
Section A and Section B Decimal Places
For line 4, line 7, and line 8 of Section A, and for line 12, line 15, and line 16 of Section B, enter the result as a decimal (rounded to four decimal places).
Line 8
For taxpayers who first commence doing business in this state during the taxable year, the number of full-time equivalents for the base year is zero. Enter zero on line 8.
Part II – Available Credit
Line 17
Enter net increase in full-time employees as a decimal (rounded to four decimal places).
Line 18
Enter qualified full-time employees. The following are the requirements for a qualified full-time employee:
- Taxpayer received a TCR from FTB.
- Performs at least 50% of their services for the employer in the DGA. The employee may work in more than one location in the DGA to meet the requirement.
- Receives starting wages that exceed 150%, up to 350% of the state minimum wage.
- Is hired on or after January 1, 2019.
- Is hired after the DGA is designated.
- Is paid hourly wages for an average of at least 35 hours per week, or is salaried, and paid for full-time employment (within the meaning of Section 515 of the Labor Code).
- And, meets one of five conditions:
- Unemployed for the six months immediately preceding hire. If the individual completed a college or similar program and received a baccalaureate, postgraduate, or professional degree, the completion date must be at least 12 months prior to hire. For purposes of this definition, an individual is unemployed for a period if all of the following circumstances apply:
- Not receiving wages subject to withholding.
- Not self-employed.
- Not a full-time student at a high school, college, university, or postsecondary education institution.
- Veteran separated from the U.S. Armed Forces in the preceding 12 months.
- Recipient of the Earned Income Tax Credit (EITC) in the previous taxable year. For this purpose, an employee is deemed to be an EITC recipient if the EITC was claimed on the last personal income tax return filed before the employee’s commencement of employment.
- Ex-offender convicted of a felony.
- Current recipient of CalWORKS or general assistance in accordance with the applicable sections of the Welfare and Institutions Code.
- Unemployed for the six months immediately preceding hire. If the individual completed a college or similar program and received a baccalaureate, postgraduate, or professional degree, the completion date must be at least 12 months prior to hire. For purposes of this definition, an individual is unemployed for a period if all of the following circumstances apply:
Line 19
The applicable percentage is the net increase in full-time employees in California (determined on an annual full-time equivalent basis) divided by the number of qualified full-time employees, for which you received a TCR. The applicable percentage cannot exceed 100% or 1.0000. Enter the result as a decimal (rounded to four decimal places).
Line 20
The tentative credit amount is the total qualified wages multiplied by hours worked multiplied by 35% (the applicable credit percentage). See the examples of NEC calculations and use Worksheet 1 to calculate your tentative credit amount. Round your answer to the nearest whole dollar amount.
Line 21
Enter the total NEC generated amount on this line and on your current tax return. Refer to the credit instructions in the tax booklet for your tax return for more information.
Line 22
Enter the total amount of credits received from S corporations, estates, trusts, partnerships, or LLCs classified as partnerships.
Line 25a - Credit claimed
Do not include assigned credits claimed on form FTB 3544, Part B, List of Assigned Credit Received and/or Claimed by Assignee.
This amount may be less than the amount on line 24 if your credit is limited by your tax liability. For more information, see General Information H, Limitations, and refer to the credit instructions in your tax booklet. Enter the total NEC claimed amount on this line and on your current tax return. Refer to the credit instructions in the tax booklet for your tax return for more information.
Line 25b – Total credit assigned
Corporations that assign credit to other corporations within the same combined reporting group must complete form FTB 3544, Part A, Election to Assign Credit Within Combined Reporting Group. Enter the total amount of credit assigned from form FTB 3544, Part A, column (g) on this line.
Part III – Credit Recapture
Line 27 – Credit recapture
If you are required to recapture the NEC, enter the total on one of the following California tax returns or schedules:
- Form 100, Schedule J, line 5.
- Form 100S, Schedule J, line 5 and Schedule K-1 (100S), line 17d.
- Form 100W, Schedule J, line 5.
- Form 109, Schedule K, line 4.
- Form 540, line 63.
- Form 540NR, line 73.
- Form 541, line 37 and Schedule K-1 (541), line 14d.
- Form 565, Schedule K, line 20c and Schedule K-1 (565), line 20c.
- Form 568, Schedule K, line 20c and Schedule K-1 (568), line 20c.
Worksheet 1
Do not attach to form FTB 3554. Keep for your records.
(a) Qualified Full-Time Employee |
(b) Actual hourly wages |
(c) Minimum qualified wage threshold |
(d) Qualified Wages per hour col (b) – col (c) |
(e) Hours Worked |
(f) Applicable Credit Percentage |
(g) Tentative Credit col (d) × col (e) × col (f) |
|
---|---|---|---|---|---|---|---|
1 | 35% | ||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
35% | |||||||
2 | Total Tentative Credit. Add the amounts in column (g). Enter total here and on Form 3554, Part II, line 20. | .00 |
FTB 3554
Principal Business Activity Codes
This list of principal business activities and their associated codes is designed to classify a business by the type of activity in which it is engaged to facilitate the administration of the California Revenue and Taxation Code (R&TC). For taxable years beginning on or after January 1, 1998, these principal business activity codes are based on the North American Industry Classification System published by the United States Office of Management and Budget.
Agriculture, Forestry, Fishing, and Hunting
Crop Production
- Code
- 111100
- Oilseed & Grain Farming
- 111210
- Vegetable & Melon Farming (including potatoes & yams)
- 111300
- Fruit & Tree Nut Farming
- 111400
- Greenhouse, Nursery, & Floriculture Production
- 111900
- Other Crop Farming (including tobacco, cotton, sugarcane, hay, peanut, sugar beet, & all other crop farming)
Animal Production
- 112111
- Beef Cattle Ranching & Farming
- 112112
- Cattle Feedlots
- 112120
- Dairy Cattle & Milk Production
- 112210
- Hog & Pig Farming
- 112300
- Poultry & Egg Production
- 112400
- Sheep & Goat Farming
- 112510
- Aquaculture (including shellfish & finfish farms & hatcheries)
- 112900
- Other Animal Production
Forestry and Logging
- 113110
- Timber Tract Operations
- 113210
- Forest Nurseries & Gathering of Forest Products
- 113310
- Logging
Fishing, Hunting and Trapping
- 114110
- Fishing
- 114210
- Hunting & Trapping
Support Activities for Agriculture and Forestry
- 115110
- Support Activities for Crop Production (including cotton ginning, soil preparation, planting, & cultivating)
- 115210
- Support Activities for Animal Production
- 115310
- Support Activities for Forestry
Mining
- 211120
- Crude Petroleum Extraction
- 211130
- Natural Gas Extraction
- 212110
- Coal Mining
- 212200
- Metal Ore Mining
- 212310
- Stone Mining & Quarrying
- 212320
- Sand, Gravel, Clay, & Ceramic & Refractory Mineral Mining & Quarrying
- 212390
- Other Nonmetallic Mineral Mining & Quarrying
- 213110
- Support Activities for Mining
Utilities
- 221100
- Electric Power Generation, Transmission & Distribution
- 221210
- Natural Gas Distribution
- 221300
- Water, Sewage, & Other Systems
- 221500
- Combination Gas and Electric
Construction
Construction of Buildings
- 236110
- Residential Building Construction
- 236200
- Nonresidential Building Construction
Heavy and Civil Engineering Construction
- 237100
- Utility System Construction
- 237210
- Land Subdivision
- 237310
- Highway, Street, & Bridge Construction
- 237990
- Other Heavy & Civil Engineering Construction
Specialty Trade Contractors
- 238100
- Foundation, Structure, & Building Exterior Contractors (including framing carpentry, masonry, glass, roofing, & siding)
- 238210
- Electrical Contractors
- 238220
- Plumbing, Heating, & Air-Conditioning Contractors
- 238290
- Other Building Equipment Contractors
- 238300
- Building Finishing Contractors (including drywall, insulation, painting, wallcovering, flooring, tile, & finish carpentry)
- 238900
- Other Specialty Trade Contractors (including site preparation)
Manufacturing
Food Manufacturing
- 311110
- Animal Food Mfg
- 311200
- Grain & Oilseed Milling
- 311300
- Sugar & Confectionery Product Mfg
- 311400
- Fruit & Vegetable Preserving & Specialty Food Mfg
- 311500
- Dairy Product Mfg
- 311610
- Animal Slaughtering and Processing
- 311710
- Seafood Product Preparation & Packaging
- 311800
- Bakeries, Tortilla & Dry Pasta Mfg
- 311900
- Other Food Mfg (including coffee, tea, flavorings, & seasonings)
Beverage and Tobacco Product Manufacturing
- 312110
- Soft Drink & Ice Mfg
- 312120
- Breweries
- 312130
- Wineries
- 312140
- Distilleries
- 312200
- Tobacco Manufacturing
Textile Mills and Textile Product Mills
- 313000
- Textile Mills
- 314000
- Textile Product Mills
Apparel Manufacturing
- 315100
- Apparel Knitting Mills
- 315210
- Cut & Sew Apparel Contractors
- 315220
- Men’s & Boys’ Cut & Sew Apparel Mfg
- 315240
- Women’s, Girls’ and Infants’ Cut and Sew Apparel Mfg
- 315280
- Other Cut & Sew Apparel Mfg
- 315990
- Apparel Accessories & Other Apparel Mfg
Leather and Allied Product Manufacturing
- 316110
- Leather & Hide Tanning & Finishing
- 316210
- Footwear Mfg (including rubber & plastics)
- 316990
- Other Leather & Allied Product Mfg
Wood Product Manufacturing
- 321110
- Sawmills & Wood Preservation
- 321210
- Veneer, Plywood, & Engineered Wood Product Mfg
- 321900
- Other Wood Product Mfg
Paper Manufacturing
- 322100
- Pulp, Paper, & Paperboard Mills
- 322200
- Converted Paper Product Mfg
Printing and Related Support Activities
- 323100
- Printing & Related Support Activities
Petroleum and Coal Products Manufacturing
- 324110
- Petroleum Refineries (including integrated)
- 324120
- Asphalt Paving, Roofing, & Saturated Materials Mfg
- 324190
- Other Petroleum & Coal Products Mfg
Chemical Manufacturing
- 325100
- Basic Chemical Mfg
- 325200
- Resin, Synthetic Rubber, & Artificial & Synthetic Fibers & Filaments Mfg
- 325300
- Pesticide, Fertilizer, & Other Agricultural Chemical Mfg
- 325410
- Pharmaceutical & Medicine Mfg
- 325500
- Paint, Coating, & Adhesive Mfg
- 325600
- Soap, Cleaning Compound, & Toilet Preparation Mfg
- 325900
- Other Chemical Product & Preparation Mfg
Plastics and Rubber Products Manufacturing
- 326100
- Plastics Product Mfg
- 326200
- Rubber Product Mfg
Nonmetallic Mineral Product Manufacturing
- 327100
- Clay Product & Refractory Mfg
- 327210
- Glass & Glass Product Mfg
- 327300
- Cement & Concrete Product Mfg
- 327400
- Lime & Gypsum Product Mfg
- 327900
- Other Nonmetallic Mineral Product Mfg
Primary Metal Manufacturing
- 331110
- Iron & Steel Mills & Ferroalloy Mfg
- 331200
- Steel Product Mfg from Purchased Steel
- 331310
- Alumina & Aluminum Production & Processing
- 331400
- Nonferrous Metal (except Aluminum) Production & Processing
- 331500
- Foundries
Fabricated Metal Product Manufacturing
- 332110
- Forging & Stamping
- 332210
- Cutlery & Handtool Mfg
- 332300
- Architectural & Structural Metals Mfg
- 332400
- Boiler, Tank, & Shipping Container Mfg
- 332510
- Hardware Mfg
- 332610
- Spring & Wire Product Mfg
- 332700
- Machine Shops; Turned Product; & Screw, Nut, & Bolt Mfg
- 332810
- Coating, Engraving, Heat Treating, & Allied Activities
- 332900
- Other Fabricated Metal Product Mfg
Machinery Manufacturing
- 333100
- Agriculture, Construction, & Mining Machinery Mfg
- 333200
- Industrial Machinery Mfg
- 333310
- Commercial & Service Industry Machinery Mfg
- 333410
- Ventilation, Heating, Air-Conditioning, & Commercial Refrigeration Equipment Mfg
- 333510
- Metalworking Machinery Mfg
- 333610
- Engine, Turbine, & Power Transmission Equipment Mfg
- 333900
- Other General Purpose Machinery Mfg
Computer and Electronic Product Manufacturing
- 334110
- Computer & Peripheral Equipment Mfg
- 334200
- Communications Equipment Mfg
- 334310
- Audio & Video Equipment Mfg
- 334410
- Semiconductor & Other Electronic Component Mfg
- 334500
- Navigational, Measuring, Electromedical, & Control Instruments Mfg
- 334610
- Manufacturing & Reproducing Magnetic & Optical Media
Electrical Equipment, Appliance, and Component Manufacturing
- 335100
- Electric Lighting Equipment Mfg
- 335200
- Major Household Appliance Mfg
- 335310
- Electrical Equipment Mfg
- 335900
- Other Electrical Equipment & Component Mfg
Transportation Equipment Manufacturing
- 336100
- Motor Vehicle Mfg
- 336210
- Motor Vehicle Body & Trailer Mfg
- 336300
- Motor Vehicle Parts Mfg
- 336410
- Aerospace Product & Parts Mfg
- 336510
- Railroad Rolling Stock Mfg
- 336610
- Ship & Boat Building
- 336990
- Other Transportation Equipment Mfg
Furniture and Related Product Manufacturing
- 337000
- Furniture & Related Product Manufacturing
Miscellaneous Manufacturing
- 339110
- Medical Equipment & Supplies Mfg
- 339900
- Other Miscellaneous Manufacturing
Wholesale Trade
Merchant Wholesalers, Durable Goods
- 423100
- Motor Vehicle & Motor Vehicle Parts & Supplies
- 423200
- Furniture & Home Furnishings
- 423300
- Lumber & Other Construction Materials
- 423400
- Professional & Commercial Equipment & Supplies
- 423500
- Metal & Mineral (except Petroleum)
- 423600
- Household Appliances and Electrical and Electronic Goods
- 423700
- Hardware, & Plumbing & Heating Equipment & Supplies
- 423800
- Machinery, Equipment, & Supplies
- 423910
- Sporting & Recreational Goods & Supplies
- 423920
- Toy & Hobby Goods & Supplies
- 423930
- Recyclable Materials
- 423940
- Jewelry, Watch, Precious Stone, & Precious Metals
- 423990
- Other Miscellaneous Durable Goods
Merchant Wholesalers, Nondurable Goods
- 424100
- Paper & Paper Products
- 424210
- Drugs & Druggists’ Sundries
- 424300
- Apparel, Piece Goods, & Notions
- 424400
- Grocery & Related Products
- 424500
- Farm Product Raw Materials
- 424600
- Chemical & Allied Products
- 424700
- Petroleum & Petroleum Products
- 424800
- Beer, Wine, & Distilled Alcoholic Beverages
- 424910
- Farm Supplies
- 424920
- Book, Periodical, & Newspapers
- 424930
- Flower, Nursery Stock, & Florists’ Supplies
- 424940
- Tobacco & Tobacco Products
- 424950
- Paint, Varnish, & Supplies
- 424990
- Other Miscellaneous Nondurable Goods
Wholesale Electronic Markets and Agents and Brokers
- 425110
- Business to Business Electronic Markets
- 425120
- Wholesale Trade Agents & Brokers
Retail Trade
Motor Vehicle and Parts Dealers
- 441110
- New Car Dealers
- 441120
- Used Car Dealers
- 441210
- Recreational Vehicle Dealers
- 441222
- Boat Dealers
- 441228
- Motorcycle, ATV, and All Other Motor Vehicle Dealers
- 441300
- Automotive Parts, Accessories, & Tire Stores
Furniture and Home Furnishings Stores
- 442110
- Furniture Stores
- 442210
- Floor Covering Stores
- 442291
- Window Treatment Stores
- 442299
- All Other Home Furnishings Stores
Electronics and Appliance Stores
- 443141
- Household Appliance Stores
- 443142
- Electronics Stores (including Audio, Video, Computer, and Camera Stores)
Building Material and Garden Equipment and Supplies Dealers
- 444110
- Home Centers
- 444120
- Paint & Wallpaper Stores
- 444130
- Hardware Stores
- 444190
- Other Building Material Dealers
- 444200
- Lawn & Garden Equipment & Supplies Stores
Food and Beverage Stores
- 445110
- Supermarkets and Other Grocery (except Convenience) Stores
- 445120
- Convenience Stores
- 445210
- Meat Markets
- 445220
- Fish & Seafood Markets
- 445230
- Fruit & Vegetable Markets
- 445291
- Baked Goods Stores
- 445292
- Confectionery & Nut Stores
- 445299
- All Other Specialty Food Stores
- 445310
- Beer, Wine, & Liquor Stores
Health and Personal Care Stores
- 446110
- Pharmacies & Drug Stores
- 446120
- Cosmetics, Beauty Supplies, & Perfume Stores
- 446130
- Optical Goods Stores
- 446190
- Other Health & Personal Care Stores
Gasoline Stations
- 447100
- Gasoline Stations (including convenience stores with gas)
Clothing and Clothing Accessories Stores
- 448110
- Men’s Clothing Stores
- 448120
- Women’s Clothing Stores
- 448130
- Children’s & Infants’ Clothing Stores
- 448140
- Family Clothing Stores
- 448150
- Clothing Accessories Stores
- 448190
- Other Clothing Stores
- 448210
- Shoe Stores
- 448310
- Jewelry Stores
- 448320
- Luggage & Leather Goods Stores
Sporting Goods, Hobby, Book, and Music Stores
- 451110
- Sporting Goods Stores
- 451120
- Hobby, Toy, & Game Stores
- 451130
- Sewing, Needlework, & Piece Goods Stores
- 451140
- Musical Instrument & Supplies Stores
- 451211
- Book Stores
- 451212
- News Dealers & Newsstands
General Merchandise Stores
- 452200
- Department Stores
- 452300
- General Merchandise Stores, incl. Warehouse Clubs and Supercenters
Miscellaneous Store Retailers
- 453110
- Florists
- 453210
- Office Supplies & Stationery Stores
- 453220
- Gift, Novelty, & Souvenir Stores
- 453310
- Used Merchandise Stores
- 453910
- Pet & Pet Supplies Stores
- 453920
- Art Dealers
- 453930
- Manufactured (Mobile) Home Dealers
- 453990
- All Other Miscellaneous Store Retailers (including tobacco, candle, & trophy shops)
Nonstore Retailers
- 454110
- Electronic Shopping & Mail-Order Houses
- 454210
- Vending Machine Operators
- 454310
- Fuel Dealers (including Heating Oil and Liquefied Petroleum)
- 454390
- Other Direct Selling Establishments (including door-to-door retailing, frozen food plan providers, party plan merchandisers, & coffee-break service providers)
Transportation and Warehousing
Air, Rail, and Water Transportation
- 481000
- Air Transportation
- 482110
- Rail Transportation
- 483000
- Water Transportation
Truck Transportation
- 484110
- General Freight Trucking, Local
- 484120
- General Freight Trucking, Long-distance
- 484200
- Specialized Freight Trucking
Transit and Ground Passenger Transportation
- 485110
- Urban Transit Systems
- 485210
- Interurban & Rural Bus Transportation
- 485310
- Taxi and Ridesharing Services
- 485320
- Limousine Service
- 485410
- School & Employee Bus Transportation
- 485510
- Charter Bus Industry
- 485990
- Other Transit & Ground Passenger Transportation
Pipeline Transportation
- 486000
- Pipeline Transportation
Scenic & Sightseeing Transportation
- 487000
- Scenic & Sightseeing Transportation
Support Activities for Transportation
- 488100
- Support Activities for Air Transportation
- 488210
- Support Activities for Rail Transportation
- 488300
- Support Activities for Water Transportation
- 488410
- Motor Vehicle Towing
- 488490
- Other Support Activities for Road Transportation
- 488510
- Freight Transportation Arrangement
- 488990
- Other Support Activities for Transportation
Couriers and Messengers
- 492110
- Couriers
- 492210
- Local Messengers & Local Delivery
Warehousing and Storage
- 493100
- Warehousing & Storage (except lessors of miniwarehouses & self- storage units)
Information
Publishing Industries (except Internet)
- 511110
- Newspaper Publishers
- 511120
- Periodical Publishers
- 511130
- Book Publishers
- 511140
- Directory & Mailing List Publishers
- 511190
- Other Publishers
- 511210
- Software Publishers
Motion Picture and Sound Recording Industries
- 512100
- Motion Picture & Video Industries (except video rental)
- 512200
- Sound Recording Industries
Broadcasting (except Internet)
- 515100
- Radio & Television Broadcasting
- 515210
- Cable & Other Subscription Programming
Telecommunications
- 517000
- Telecommunications (including paging, cellular, satellite, cable & other program distribution, resellers, & other telecommunications & internet service providers)
Data Processing Services
- 518210
- Data Processing, Hosting, & Related Services
Other Information Services
- 519100
- Other Information Services (including news syndicates, libraries, internet publishing & broadcasting)
Finance and Insurance
Depository Credit Intermediation
- 522110
- Commercial Banking
- 522120
- Savings Institutions
- 522130
- Credit Unions
- 522190
- Other Depository Credit Intermediation
Nondepository Credit Intermediation
- 522210
- Credit Card Issuing
- 522220
- Sales Financing
- 522291
- Consumer Lending
- 522292
- Real Estate Credit (including mortgage bankers & originators)
- 522293
- International Trade Financing
- 522294
- Secondary Market Financing
- 522298
- All Other Nondepository Credit Intermediation
Activities Related to Credit Intermediation
- 522300
- Activities Related to Credit Intermediation (including loan brokers, check clearing, & money transmitting)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- 523110
- Investment Banking & Securities Dealing
- 523120
- Securities Brokerage
- 523130
- Commodity Contracts Dealing
- 523140
- Commodity Contracts Brokerage
- 523210
- Securities & Commodity Exchanges
- 523900
- Other Financial Investment Activities (including portfolio management & investment advice)
Insurance Carriers and Related Activities
- 524140
- Direct Life, Health, & Medical Insurance Carriers
- 524150
- Direct Insurance (except Life, Health, & Medical) Carriers
- 524210
- Insurance Agencies & Brokerages
- 524290
- Other Insurance Related Activities (including third-party administration of insurance and pension funds)
Funds, Trusts, and Other Financial Vehicles
- 525100
- Insurance & Employee Benefit Funds
- 525910
- Open-End Investment Funds (Form 1120-RIC)
- 525920
- Trusts, Estates, & Agency Accounts
- 525990
- Other Financial Vehicles (including mortgage REITs & closed-end investment funds)
“Offices of Bank Holding Companies” and “Offices of Other Holding Companies” are located under Management of Companies (Holding Companies) below.
Real Estate and Rental and Leasing
Real Estate
- 531110
- Lessors of Residential Buildings & Dwellings (including equity REITs)
- 531120
- Lessors of Nonresidential Buildings (except Miniwarehouses) (including equity REITs)
- 531130
- Lessors of Miniwarehouses & Self-Storage Units (including equity REITs)
- 531190
- Lessors of Other Real Estate Property (including equity REITs)
- 531210
- Offices of Real Estate Agents & Brokers
- 531310
- Real Estate Property Managers
- 531320
- Offices of Real Estate Appraisers
- 531390
- Other Activities Related to Real Estate
Rental and Leasing Services
- 532100
- Automotive Equipment Rental & Leasing
- 532210
- Consumer Electronics & Appliances Rental
- 532281
- Formal Wear & Costume Rental
- 532282
- Video Tape & Disc Rental
- 532283
- Home Health Equipment Rental
- 532284
- Recreational Goods Rental
- 532289
- All Other Consumer Goods Rental
- 532310
- General Rental Centers
- 532400
- Commercial & Industrial Machinery & Equipment Rental & Leasing
Lessors of Nonfinancial Intangible Assets (except copyrighted works)
- 533110
- Lessors of Nonfinancial Intangible Assets (except copyrighted works)
Professional, Scientific, and Technical Services
Legal Services
- 541110
- Offices of Lawyers
- 541190
- Other Legal Services
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
- 541211
- Offices of Certified Public Accountants
- 541213
- Tax Preparation Services
- 541214
- Payroll Services
- 541219
- Other Accounting Services
Architectural, Engineering, and Related Services
- 541310
- Architectural Services
- 541320
- Landscape Architecture Services
- 541330
- Engineering Services
- 541340
- Drafting Services
- 541350
- Building Inspection Services
- 541360
- Geophysical Surveying & Mapping Services
- 541370
- Surveying & Mapping (except Geophysical) Services
- 541380
- Testing Laboratories
Specialized Design Services
- 541400
- Specialized Design Services (including interior, industrial, graphic, & fashion design)
Computer Systems Design and Related Services
- 541511
- Custom Computer Programming Services
- 541512
- Computer Systems Design Services
- 541513
- Computer Facilities Management Services
- 541519
- Other Computer Related Services
Other Professional, Scientific, and Technical Services
- 541600
- Management, Scientific, & Technical Consulting Services
- 541700
- Scientific Research & Development Services
- 541800
- Advertising & Related Services
- 541910
- Marketing Research & Public Opinion Polling
- 541920
- Photographic Services
- 541930
- Translation & Interpretation Services
- 541940
- Veterinary Services
- 541990
- All Other Professional, Scientific, & Technical Services
Management of Companies (Holding Companies)
- 551111
- Offices of Bank Holding Companies
- 551112
- Offices of Other Holding Companies
Administrative and Support and Waste Management and Remediation Services
Administrative and Support Services
- 561110
- Office Administrative Services
- 561210
- Facilities Support Services
- 561300
- Employment Services
- 561410
- Document Preparation Services
- 561420
- Telephone Call Centers
- 561430
- Business Service Centers (including private mail centers & copy shops)
- 561440
- Collection Agencies
- 561450
- Credit Bureaus
- 561490
- Other Business Support Services (including repossession services, court reporting, & stenotype services)
- 561500
- Travel Arrangement & Reservation Services
- 561600
- Investigation & Security Services
- 561710
- Exterminating & Pest Control Services
- 561720
- Janitorial Services
- 561730
- Landscaping Services
- 561740
- Carpet & Upholstery Cleaning Services
- 561790
- Other Services to Buildings & Dwellings
- 561900
- Other Support Services (including packaging & labeling services, & convention & trade show organizers)
Waste Management and Remediation Services
- 562000
- Waste Management & Remediation Services
Educational Services
- 611000
- Educational Services (including schools, colleges, & universities)
Health Care and Social Assistance
Offices of Physicians and Dentists
- 621111
- Offices of Physicians (except mental health specialists)
- 621112
- Offices of Physicians, Mental Health Specialists
- 621210
- Offices of Dentists
Offices of Other Health Practitioners
- 621310
- Offices of Chiropractors
- 621320
- Offices of Optometrists
- 621330
- Offices of Mental Health Practitioners (except Physicians)
- 621340
- Offices of Physical, Occupational & Speech Therapists, & Audiologists
- 621391
- Offices of Podiatrists
- 621399
- Offices of All Other Miscellaneous Health Practitioners
Outpatient Care Centers
- 621410
- Family Planning Centers
- 621420
- Outpatient Mental Health & Substance Abuse Centers
- 621491
- HMO Medical Centers
- 621492
- Kidney Dialysis Centers
- 621493
- Freestanding Ambulatory Surgical & Emergency Centers
- 621498
- All Other Outpatient Care Centers
Medical and Diagnostic Laboratories
- 621510
- Medical & Diagnostic Laboratories
Home Health Care Services
- 621610
- Home Health Care Services
Other Ambulatory Health Care Services
- 621900
- Other Ambulatory Health Care Services (including ambulance services & blood & organ banks)
Hospitals
- 622000
- Hospitals
Nursing and Residential Care Facilities
- 623000
- Nursing & Residential Care Facilities
Social Assistance
- 624100
- Individual & Family Services
- 624200
- Community Food & Housing, & Emergency & Other Relief Services
- 624310
- Vocational Rehabilitation Services
- 624410
- Child Day Care Services
Arts, Entertainment, and Recreation
Performing Arts, Spectator Sports, and Related Industries
- 711100
- Performing Arts Companies
- 711210
- Spectator Sports (including sports clubs & racetracks)
- 711300
- Promoters of Performing Arts, Sports, & Similar Events
- 711410
- Agents & Managers for Artists, Athletes, Entertainers, & Other Public Figures
- 711510
- Independent Artists, Writers, & Performers
Museums, Historical Sites, and Similar Institutions
- 712100
- Museums, Historical Sites, & Similar Institutions
Amusement, Gambling, and Recreation Industries
- 713100
- Amusement Parks & Arcades
- 713200
- Gambling Industries
- 713900
- Other Amusement & Recreation Industries (including golf courses, skiing facilities, marinas, fitness centers, & bowling centers)
Accommodation and Food Services
Accommodation
- 721110
- Hotels (except Casino Hotels) & Motels
- 721120
- Casino Hotels
- 721191
- Bed & Breakfast Inns
- 721199
- All Other Traveler Accommodation
- 721210
- RV (Recreational Vehicle) Parks & Recreational Camps
- 721310
- Rooming & Boarding Houses Dormitories, & Workers’ Camps
Food Services and Drinking Places
- 722300
- Special Food Services (including food service contractors & caterers)
- 722410
- Drinking Places (Alcoholic Beverages)
- 722511
- Full Service Restaurants
- 722513
- Limited Service Restaurants
- 722514
- Cafeterias and Buffets
- 722515
- Snack and Non-alcoholic Beverage Bars
Other Services
Repair and Maintenance
- 811110
- Automotive Mechanical & Electrical Repair & Maintenance
- 811120
- Automotive Body, Paint, Interior, & Glass Repair
- 811190
- Other Automotive Repair & Maintenance (including oil change & lubrication shops & car washes)
- 811210
- Electronic & Precision Equipment Repair & Maintenance
- 811310
- Commercial & Industrial Machinery & Equipment (except Automotive & Electronic) Repair & Maintenance
- 811410
- Home & Garden Equipment & Appliance Repair & Maintenance
- 811420
- Reupholstery & Furniture Repair
- 811430
- Footwear & Leather Goods Repair
- 811490
- Other Personal & Household Goods Repair & Maintenance
Personal and Laundry Services
- 812111
- Barber Shops
- 812112
- Beauty Salons
- 812113
- Nail Salons
- 812190
- Other Personal Care Services (including diet & weight reducing centers)
- 812210
- Funeral Homes & Funeral Services
- 812220
- Cemeteries & Crematories
- 812310
- Coin-Operated Laundries & Drycleaners
- 812320
- Drycleaning & Laundry Services (except Coin-Operated)
- 812330
- Linen & Uniform Supply
- 812910
- Pet Care (except Veterinary) Services
- 812920
- Photofinishing
- 812930
- Parking Lots & Garages
- 812990
- All Other Personal Services
Religious, Grantmaking, Civic, Professional, and Similar Organizations
- 813000
- Religious, Grantmaking, Civic, Professional, & Similar Organizations (including condominium and homeowners associations)