Matthew Mahood of the Sacramento Metro Chamber sheds some important light on the EZ debate, particularly as cast by Dan Morain.  Mahood, a member of the business development community, points out three important points:

1.  The number of the qualifying employees is small compared to the total employee workforce and employers only receive the credit for qualified employees;

2.  Surrounding states are aggressively courting California companies, evidenced by the large numbers of companies that have left the state.  Even if the critique is true that “major” corprations get tax credits, these corporations are also “major” employers who pay the lion’s share of the corporate taxes; and

3.     California needs more business incentives not less.  The ones we have work.

Read the full article here.

Tags: california enterprise zone, california tax law, corporate savings, enterprise zone news, Enterprise Zone Program, Enterprise Zone Tax Credits, EZ tax credits, hiring tax credit, hiring tax credits, Tax News

This entry was posted on Monday, February 28th, 2011 at 10:54 am and is filed under Enterprise Zones, Tax News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.