| If you are a Southern California-based business | | | | control, and research and development in these |
| owner, there are tax credits available of which | | | | same areas, as well as processing and |
| you might not be aware. If you are trying to | | | | manufacturing. These sorts of green energy tax |
| save energy at work, you are well on your way | | | | incentives may help you save up to seven to nine |
| to earning green tax incentives. Available from | | | | percent of the cost of purchases that qualify for |
| both the state and federal government, eco | | | | these benefits. Similar credits may also be |
| credits can add up to big savings on your yearly | | | | available at the federal level as well, which your |
| taxes due. | | | | CPA can determine for you. |
| You will want to consult with a certified public | | | | If your company works on the research and |
| accountant that has a focus on corporate tax | | | | development of pollution and energy control |
| planning. Your CPA will let you know if your | | | | technology, you may receive state and/or federal |
| business is located within one of forty-two | | | | corporate energy tax credits because of this. The |
| statewide enterprise zones. These zones are | | | | research and development must be based in |
| classified as economically at-risk areas where, if | | | | California in order to qualify for these California |
| businesses are located there, those companies | | | | energy tax credits. These state tax incentives |
| may be eligible for a number of helpful tax | | | | add up quickly, because they can be equal to |
| credits, including green tax incentives. | | | | more than six cents for every dollar you spend |
| If you are preparing to purchase a vehicle for | | | | on business expenses, and combined with federal |
| your enterprise-zone based company, keep in | | | | corporate energy tax credits, the benefit can |
| mind that you may be eligible for California energy | | | | swell to thirteen cents on the dollar. |
| credits. Part of the requirements for these credits | | | | The building in which you perform your work may |
| are that the vehicle can only be used within the | | | | qualify you for California energy credits. If your |
| enterprise zone, so bear this in mind. However, | | | | company building is more than fifty percent more |
| the California energy tax credits are substantial; | | | | energy efficient than a similar standard building, |
| they can be equal to the sales or use tax that | | | | you may qualify for a credit of $1.80 per square |
| you paid when you purchased the car or truck. | | | | foot. Partial green energy tax incentives are |
| These same type of green tax incentives may | | | | available for buildings that are less than fifty |
| also be available for technology hardware including | | | | percent energy efficient. |
| computers, printers and scanners that you have | | | | Consult with a knowledgeable CPA who can |
| purchased for use in a business in an enterprise | | | | answer your questions about green tax incentives |
| zone that works on energy conservation, pollution | | | | for which you may be eligible. |