In a recent article, The League of California Cities discussed the possibility of the state removing the Enterprise Zone program, along with the negative effects that it would have.

Cities with enterprise zones will be interested to know that LAO has proposed to eliminate tax benefits granted to businesses in enterprise zones as a cost savings measure. While this proposal has not been adopted in any pending budget proposal, its existence -along with SB 974 (Steinberg), which would shift enterprise zone tax credits to other purposes, is of concern. SB 974 is opposed by the League and many business organizations.

For a copy of the LAO’s analysis of the Governor’s May Revise visit their Web site.

Tags: LAO, league of california cities, tax benefits

This entry was posted on Monday, June 14th, 2010 at 4:04 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.