State tax credits, deductions and employment incentives are available for businesses located within any of Sacramento’s state-designated Enterprise Zones or LAMBRA areas. Sacramento Enterprise Zones include the Northgate/Norwood, Oak Park/Florin Perkins and Sacramento Army Depot Zones. Address ranges and maps can be found at SHRA’s Commercial Business Assistance home page. LAMBRA areas include Mather Field and McClellan Park.

Benefits include:

• Sales Tax Credits on qualified property.
• Wage Tax Credits for 5 years for hiring eligible employees. New welfare-to-work incentives may also qualify you for federal wage credits.
• 100% Net Operating Loss Carryovers available up to 15 years.
• Rapid Expensing of Equipment.
• Financing Assistance, Hiring Assistance through Sacramento Works!, and much more.

Tags: bay area, blog, C & I Tax, california tax law, california tax news, canditax, CCC, central valley, certified public accountants, city of compton, compton, corporate savings, CPA, CPA firms, Enterprise Zone Tax Credits, Enterprise Zones, EZ, EZ tax credits, governor, imperial valley, incentives, inland empire, inner-city, los angeles region, northern California, orange county area, policy, qualify, sacramento area, san diego area, santa clarita, steve dotan, tax credits, tax professionals

This entry was posted on Wednesday, November 19th, 2008 at 4:59 am and is filed under Enterprise Zones. 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.