| With a sagging economy, businesses located in | | | | are unaware of is that these corporate tax |
| the United States are utilizing every means | | | | credits can go back for up to four years prior if |
| possible to improve their bottom lines. One | | | | amended returns are submitted, giving small and |
| under-used resource available to California-based | | | | mid-sized business a much-needed financial gain of |
| corporations are California tax incentives. You | | | | up to $200,000. |
| may be able to take advantage of a California tax | | | | There are other California tax incentives available |
| credit, other tax incentives and even personal tax | | | | in the area of sales tax credit offered to |
| credits if your business operates in one of | | | | businesses in the Enterprise Zones. Partnerships, |
| California's Enterprise Zones. | | | | LLCs and S Corps can earn corporate tax credits |
| The good news is that Enterprise Zones are | | | | of up to $100,000 annually, and C Corps over |
| located throughout the state of California. These | | | | $200,000 annually for those businesses that add |
| forty-two zones are in economically | | | | energy saving equipment, air and water pollution |
| disadvantaged areas of the state, and by being | | | | control equipment, equipment for processing and |
| classified as an Enterprise Zone, they qualify for a | | | | manufacturing as well as research and |
| number of different corporate tax incentives. | | | | development. This welcome California tax credit |
| One of these corporate tax credits can come in | | | | alone can save your business up to ten percent |
| the form of hiring credits. If you have what the | | | | of the after-tax cost of capital expenditures. |
| state calls a "qualified" employee, your company in | | | | There are other California tax incentives that may |
| the Enterprise Zone may be eligible for up to | | | | be helpful to your employees. Both employees |
| $12,500 in California tax credit. Anywhere from | | | | and lenders may qualify for additional corporate |
| fifteen percent to fifty percent of your worker | | | | tax incentives that lend another boost to the local |
| base may make your business eligible for this | | | | economy. Because of these generous tax |
| California tax credit. Employees that qualify include | | | | incentives, businesses are encouraged to hire |
| those who are veterans, physically or | | | | those who have been unemployed or are |
| economically challenged, American Samoans, | | | | veterans, which helps individual employees |
| Pacific Islanders, Native Americans and those who | | | | tremendously and helps to reduce unemployment |
| have been recently laid off. Another part of this | | | | throughout the state while at the same time |
| California tax credit that many business owners | | | | helping the company as well. |