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Eligibility: California Lenders
Eligibility: Wage-based Tax Incentives
If you are a bank or other commercial lender in California,
you are eligible for tax-free interest earnings when you
loan money to qualifying businesses within any of California’s
42 Enterprise Zones. It’s called the California
Enterprise Zone Net Interest Deduction (“NID”).
We
know by experience that many lenders have already loaned
millions of dollars to qualifying businesses but are missing
out on the valuable tax benefits. The NID can be claimed
retroactively by identifying and documenting qualifying loans. We
can help you recover missed benefits from prior and current
tax years.
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