EXCISE TAX REFUND
California Enterprise Zone Spotlight: Chaparral Motorsports
Continuing on my post from this past Wednesday, I wanted to spotlight several businesses in California that have successfully taken advantage of the California Enterprise Zone tax credits. Today I want to showcase Chaparral Motorsports, a company that has over 200 employees and has been in business since 1980. They have continued to have success utilizing the tax credits afforded them from the San Bernardino Valley Enterprise Zone.
Here is what the owner had to say about the California EZ process, “The first year we filed for employee tax credits and these made a considerable difference in our bottom line. This year, we will also file for tax credits for equipment we’ve purchased. The savings may be double of last year. Taxes and fees continue to increase year after year in California, making it harder and harder to operate a business in this state. Any amount we can save makes a huge difference.
In an economy like the one we are dealing with now, these incentives are more important than ever to help protect jobs. Certain aspects of the Enterprise Zone program have allowed us to train and employ more workers. Without the San Bernardino Valley Enterprise Zone, there would be fewer people employed.
We are not the only business with this sentiment. California’s Enterprise Zone program is vital to the continued success of hundreds of businesses throughout the state.”
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