| It can be tough to stay afloat in these tough | | | | are available as well from the federal government. |
| economic times, but many California companies | | | | These come in the form of federal hiring credits, |
| get a break when they qualify for corporate tax | | | | and your company may benefit from $2,400 to |
| incentives. These might include enterprise zone | | | | $4,800 annually per qualifying employee. |
| credits, eco credits or federal hiring credits. When | | | | Corporate tax credits are also available to |
| you combine them, they can drastically reduce | | | | enterprise zone-located companies that also work |
| the tax amount that your California company | | | | toward protecting the environment. Many |
| owes, and they will allow your company to help | | | | companies choose to take advantage of |
| improve the economy in areas of the state that | | | | corporate tax incentives when they purchase |
| would benefit. | | | | diesel-powered or hybrid vehicles for their |
| Corporations will find some of the best corporate | | | | company fleets. If your vehicles run on alternative |
| tax incentives when they are located in an | | | | fuels or electricity, your company many qualify |
| enterprise zone. There are forty-two enterprise | | | | for valuable corporate tax credits. Your company |
| zones located throughout the state of California. | | | | can also save when you install energy-saving |
| These are economically depressed areas where | | | | devices in your place of business. If your |
| the state wants to encourage businesses to set | | | | company installs photovoltaic systems, wind |
| up shop and hire locals, and thus they offer | | | | generators geothermal heat pumps or solar water |
| enterprise zone credits to help attract | | | | heaters, you may qualify. Federal credits are also |
| corporations. | | | | available in addition to those corporate tax |
| If your company is located in one of the | | | | incentives at the state level, and this can net your |
| enterprise, then you may qualify for not only | | | | company potentially another $4,000 credit when |
| hiring credits but also eco credits. If you hire | | | | you purchase energy-saving equipment that costs |
| people who live in the enterprise zone who are | | | | up to $10,000. |
| members of certain qualifying groups, they can | | | | To learn how enterprise credits and other |
| earn your company enterprise zone credits of up | | | | corporate incentives might help your |
| to $13,000 annually per employee. These targeted | | | | California-based corporation save money at tax |
| groups include disabled veterans, certain youth | | | | time, please contact a California CPA with |
| hires, qualified ex-felons meeting certain conditions, | | | | experience in corporate tax planning as well as |
| Native Americans, Pacific Islanders, those who | | | | the myriad of tax credits available to those |
| have been laid off or had a threat of layoff, and | | | | companies located in an enterprise zone. |
| others. Corporations will also find that hiring credits | | | | |