Yesterday, the Board of Equalization voted to adopt the Nassco Formal Opinion.  This means  that EZ credits can be used to offset the Alternative Minimum Tax.  The decision will be final 30 days from yesterday at which time the opinion will be posted on the BOE’s website.

Tags: AMT, BOE, california enterprise zone, california tax law, enterprise zone news, hiring tax credit, Nassco, Tax News

This entry was posted on Thursday, November 18th, 2010 at 7:10 pm 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.