 |
INCENTIVE DESCRIPTION
| State: | CA |
| Incentive Type: | Special Purpose Zone Incentives and Credits |
| Incentive Title: | Enterprise Zone Credits |
| Description: | ENTERPRISE ZONES: Designated areas in economically distressed areas that provide tax incentives to businesses either expanding or relocating. Tax incentives include: 1) a hiring tax credit up to $31,605 or more for each qualified candidate; 2) sales and use tax credit up to $20,000,000 for manufacturing or or processing machinery, data processing & communications equipment, and motion picture manufacturing equipment; 3) upfront business expense deduction; 4) up to 100% of net operating loss may be carried forward for 15 years; 5) lenders may receive interest deductions; and 6) businesses located in enterprise zones may earn preference points on state contracts. |
| Eligibility Requirements: | Business must locate in one of 39 areas statewide and receive local approval. |
| Geographic Restrictions: | Designated areas |
| Granting Authority: | California Dept. of Housing & Community Development |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
|
|
 |