| If you own a California company and are looking | | | | incentives are available to companies based upon |
| for ways to keep your company solvent for | | | | whom they hire. When you provide a job to |
| another business year, why not take advantage | | | | someone who was recently laid off or was |
| of tax credits that many companies simply let | | | | threatened with lay-off, Native Americans and |
| pass them by. Certified public accountants can | | | | Pacific Islanders, qualified disabled veterans and |
| help you ascertain which California tax credit and | | | | veterans who have recently qualified for food |
| California tax incentives will most benefit your | | | | stamps, summer youth hires in select |
| company and for which your business is eligible. | | | | communities, 18-40 year old residents of |
| Corporate Energy Credits | | | | designated communities, qualifying ex-felons that |
| If your company conducts business within one of | | | | meet preset conditions, people who have been |
| the state's forty-two Enterprise Zones, you may | | | | recently eligible for or received food stamps, SSI |
| be eligible for several important enterprise zone | | | | or Temporary Assistance for Needy Families |
| credits. These corporate tax credits include Sales | | | | benefits, or qualifying disconnected youth between |
| Use Tax Credits that can be applied when your | | | | 16 and 25 years old on the hire date, your |
| company purchases technology, pollution control, | | | | corporation may qualify for a California credit of |
| energy conservation, research and development | | | | up to $13,000 annually per qualified employee. |
| or manufacturing and processing equipment. So by | | | | There is also employee-level annual California |
| choosing equipment that helps you preserve the | | | | credit for employees that work in an Enterprise |
| environment, you will be eligible for corporate | | | | Zone of up to $525 annually. In addition to these |
| energy tax credits. | | | | corporate tax credits at the state level, there are |
| Others are available based on the transportation | | | | also federal tax credits that can be as high as |
| you use to conduct business. If your company | | | | $2,400 to $4,800 per qualified employee annually. |
| uses cars and trucks that are hybrids and run on | | | | When you add these many California tax |
| alternative fuels, you may be eligible for corporate | | | | incentives up, you can see that they will reduce |
| energy for this. | | | | your taxes owed considerably, helping to improve |
| Other Enterprise Zone Credits For Businesses | | | | your company's fiscal statement. Please contact a |
| There are several hiring tax available to Enterprise | | | | local CPA firm for additional information on how |
| Zone-based companies, and when you add them | | | | your company can benefit from these and other |
| up, your company stands to receive a substantial | | | | credits. |
| California credit. Some of these California tax | | | | |