Services: Commercial Lenders Only – California EZ Net Interest Deduction

The State of California provides special tax incentives only for banks and other lenders. Financial institutions that invest in California Enterprise Zones may claim a tax deduction against their California taxable income. The amount of deduction is based on the amount of interest the lender earns from Enterprise Zone businesses.

Identifying qualifying loans to businesses within the state’s 42 Enterprise Zones is a serious challenge. Thousands of opportunities lie unrealized among current and retired loan accounts.

We can help lenders identify and benefit from these opportunities.

Zone Centrix has developed proprietary technology that securely processes loan account data to identify the loans that qualify for the Net Interest Deduction.

We provide a full range of tax incentive services to financial institutions. Banks located within a California Enterprise Zone are also eligible for the Hiring Credit and Sales and Use Tax Credit, in addition to federal tax incentives.

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.