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107 STAT. 550 PUBLIC LAW 103-66—AUG. 10, 1993 an employer for services performed by an employee while such employee is a qualified zone employee. **(2) ONLY FIRST $15,000 OF WAGES PER YEAR TAKEN INTO ACCOUNT.—^With respect to each qualified zone employee, the amount of qualified zone wages which may be taken into account for a calendar year shall not exceed $15,000. "(3) COORDINATION WITH TARGETED JOBS CREDIT.— "(A) IN GENERAL.—^The term 'qualified zone wages' shall not include wages taken into account in determining the credit under section 51. **(B) COORDINATION WITH PARAGRAPH (2).—The $15,000 amount in paragraph (2) shall be reduced for any calendar year by the amoimt of wages paid or incurred during such year which are taken into accoimt in determining the credit under section 51. "(d) QUALIFIED ZONE EMPLOYEE.—For purposes of this section— "(1) IN GENERAL.—Except as otherwise provided in this subsection, the term 'qualified zone emplovee' means, with respect to any period, any employee of an employer if— "(A) substantially all of the services performed during such period by such employee for such employer are per- formed within an empowerment zone in a trade or business of the employer, and "(B) the principal place of abode of such employee while performing such services is within such empowerment zone. "(2) CERTAIN INDIVIDUALS NOT EUGIBLE.—The term 'quali- fied zone employee' shall not include^ "(A) any individual described in subparagraph (A), (B), or (C) of section 51(iXl), "(B) any 5-percent owner (as defined in section 416(iXlXB)), "(C) any individual employed by the employer for less than 90 days, "(D) any individual employed by the employer at any facility described in section 144(cX6XB), and "(E) any individual employed by the employer in a trade or business the principal activity of which is farming (within the meaning of subparagraph (A) or (B) of section 2032A(eX5)), but only if, as of the close of the taxable year, the sum of— "(i) the aggregate unadjusted bases (or, if greater, the fair market value) of the assets owned by the employer which are used in such a trade or business, and "(ii) the aggregate value of assets leased by the employer which are used in such a trade or business (as determined under regulations prescribed by the Secretary), exceeds $500,000. "(3) SPECIAL RULES RELATED TO TERMINATION OF EMPLOY- MENT.— "(A) IN GENERAL.—Paragraph (2XC) shall not apply to— "(i) a termination of employment of £ui individual who before the close of the period referred to in para- graph (2XC) becomes disabled to peiform the services