Late last week, the California Yuba Sutter Enterprise Zone received the long-anticipated approval of its new Targeted Employment Area. The effective date of this Targeted Employment Area stretches back retroactively to October 15, 2006 – the effective date of the Yuba Sutter Enterprise Zone itself. (more…)

As you may recall, the American Recovery and Reinvestment Tax Act of 2009 expands the Work Opportunity Tax Credit Program to include two new eligibility categories — Disconnected Youth and Unemployed Veterans. (more…)

Below is a reprint in full of a brief article published today in the June 2009 issue of California’s FTB Tax News for Tax Professionals.
June 2009 – The Enterprise Zone (EZ) tax incentive program was created in 1986 to help local businesses, and encourage outside businesses to locate in economically depressed areas. The federal government does not have a comparable economic development program or business tax incentives. (more…)

The June 2009 issue of FTB Tax News for Tax Professionals came out today and included two items about the California Enterprise Zone program. The first article is technical in nature, titled “Credit Limits for Limited Liability Companies.” (more…)