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| | Businesses located within a California Enterprise Zone are eligible for substantial tax credits and benefits including: - State tax credits for each qualified employee hired.
- Tax credits for sales and use taxes paid on qualified machinery purchases.
- Accelerated expense deductions for certain depreciable property.
- Carry forward up to 100 percent of net operating loss for 15 years.
- Interest deductions for lenders on loans made to firms within an Enterprise Zone.
- Enterprise Zone companies can earn preference points on state contracts.
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| | This information is intended for general purposes only and does not constitute advice. The intent is to provide content that is accurate and timely, however there is no expressed or implied assurance or guaranty of the accuracy, timeliness or applicability of any of the contents. For more information contact the State of California Franchise Tax Board, the Zone Manager, or your tax professional. | |
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