California Tax Credits

The purpose of the California Enterprise Zone Program

To provide tax incentives to businesses and allow private sector market forces to revive the local economy.

Enterprise Zone companies are eligible for substantial tax credits and incentives including:

• Hiring Tax Credits up to $37,440 for each qualified employee hired over a five year period.
• Sales tax credits on purchases of up to $20 million per year of qualified machinery, machinery parts and equipment used to operate your business.
• Net Operating Loss Carryover of up to 100% for 15 years.
• Up-front expensing of certain depreciable property.
• Lenders to Zone businesses may receive a net interest deduction.
• Unused tax credits can be applied to future tax years.
• Enterprise Zone companies can earn preference points on state contracts.

• California Enterprise Zones
• California Tax Consultants
• CA Enterprise Zone Resources