What is an Enterprise Zone?
An Enterprise Zone is a geographic area that the State of California has designated to provide tax incentives to businesses. In 1984, the State of California established 42 Enterprise Zones to encourage and stimulate growth, development and investment in targeted areas. Taxpayers who invest, operate, or locate a trade or business within an Enterprise Zone may be eligible for special tax incentives.
What are the special tax incentives?
There are many different tax incentives provided to businesses in the Enterprise Zone. Primarily they fall into 1 of 2 categories, tax incentives for hiring qualified employees and tax incentives for equipment purchases.
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