Businesses can deduct the cost of equipment, furnishings and fixtures as well as other depreciable personal property used within the Zone as a business expense in the year the purchased item is placed into service up to a maximum of $20,000 per year.

The remaining value of the purchase can be depreciated in following years under generally accepted accounting practices.

Other limitations and record keeping requirements apply. For complete details refer to the Franchise Tax Board's Enterprise Zone Guidelines (FTB 3805Z) or contact your tax advisor.

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