California’s New Jobs Credit was originally allocated $400 million to fund the credit.  To date, just over $40 million has been claimed, meaning that just under $360 million remains to be claimed.  The FTB will continue to allow the credit until the last day of the calendar quarter in which the FTB estimates it will have received timely filed original returns claiming the credit that cumulatively total $400 million.  

Track the money here.

Tags: corporate tax savings, credits and incentives, enterprise zone credits, hiring tax credits, New Jobs Credit, tax savings

This entry was posted on Monday, November 29th, 2010 at 11:27 am and is filed under 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.