Businesses that locate within the Zone can participate in programs that offer significant tax advantages including: State
Hiring Tax Credits Together, these benefits can add up to thousands, even millions of dollars in savings on your state tax bill. Even if your firm is not yet profitable, your savings can be banked thanks to the Zone's net operating loss carryover (NOLC) provisions. The Zone also offers lenders investing in Zone companies a net interest deduction that can lead to lower loan costs or better terms for Zone businesses. Certain 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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