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Services: California Enterprise Zone (EZ) Hiring Credit
The California Enterprise Zone (EZ) Hiring Credit is available
to employers located within any of California's 42 enterprise
zones. The EZ Hiring Credit offsets CA income
tax dollar for dollar. If your business has one or
more locations within a California EZ you are eligible. It
does not matter where your employees live.
Eligibility for the CA EZ Hiring Credit is based on employees'
circumstances prior to their dates of hire. There
are numerous eligibility criteria, any one of which, if successfully
identified and properly supported, will trigger credit for
your company.
How much? Your CA EZ Hiring
Credit equals a percentage of the wages you pay to certified qualifying
employees. During the first year of employment, one full-time
employee can realistically generate more than $12,000 in
state tax credit for your company. The same employee
would generate more than $37,000 in tax credit during five
years of employment.
Find out more. Please give us a call
toll free at (888) 498-1114 or send an email to inquire@ZoneCentrix.com for more information. We will gladly answer your questions
and explain how to make it work for you.
Links
CA
Association of Enterprise Zones
CA
Department of Housing and Community Development
CA
FTB 3805Z Booklet—Enterprise Zone Business Booklet
A Tax benefit for employees of Enterprise Zone Businesses
(the EZ Wage Credit)
California Enterprise Zone Act (state code)
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