Hiring Tax Credit
Firms can earn $36,660 or more in State tax credits for each qualified employee hired.
We can process
your Enterprise Zone Hiring
Tax Credit Vouchers.
To learn more, call (530) 245-1519
wbonnie@thesmartcenter.biz
Click here for voucher forms and online payment.
Sales and Use Tax Credit
Some businesses can save up to $1.4 million a year on equipment purchases.
Sierra Pacific Industries has been receiving these benefits since 1991.
|
|
Net Interest Deductions for Lenders
Tax-free profit on interest income can be earned by lender on loans to zone businesses.
100% Net Operating Loss Carryover
Zone businesses can deduct up to 100% of their net operating loss and apply the unused tax credit in future years.
Business Expense Deduction
You can accelerate depreciation on qualified business property up to $10,000 in one year.
Your Employees May Also Be Eligible for a Tax Savings
Employees of zone businesses may be able to claim up to 5% of their wages as a tax credit.
|
