Porterville Enterprise Zone
Porterville has the distinction of being one of California’s first Enterprise Zones. The Enterprise Zone boundaries are roughly described as Highway 65 east to Plano Street, from Olive Avenue south to Gibbons Avenue. Companies located in the Enterprise Zone are eligible to receive the following tax credits and benefits:
- Hiring Credits
- Sales or Use Tax Credit
- Business Expense Deduction
- Net Operating Loss Carryover (NOL)
- Net Interest Deduction for Lenders
- Preference Points on State Contracts
- Preference Points on Industrial Development Bonds
- Expeditious processing of plans and permits
- 10 year, 0% payment plan for permits and development fees
BUSINESS INCENTIVE ZONE
California’s only targeted tax area, Porterville is part of Tulare County’s Business Incentive Zone (“The BIZ”). BIZ boundaries encompass the entire City of Porterville and offers many of the same benefits available through the Enterprise Zone program. Businesses qualify for BIZ advantages based on the Standard
Industrial Codes (SIC). Qualifying SIC codes are as follows:
2000 – 2099 Food Processing
2200 – 3999 Certain Other Manufacturing
4200 – 4299 Motor Freight Transportation & Warehousing
4500 – 4599 Transportation by Air
4700 – 5199 Transportation Service & Wholesale Trade
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