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On Friday, California State Assemblyman Jeff Gorell (R-Camarillo) introduced a bill to expand California’s Enterprise Zone program by creating the state’s 41st zone. The Oxnard / Port Hueneme Enterprise Zone would include parts of the City of Oxnard, the City of Port Hueneme and the Port of Hueneme. (more…)
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California Governor Jerry Brown released his administration’s 2013-14 state-budget proposal today. Like the 2011-12 proposal of two years ago, this budget includes changes to the state’s Enterprise Zone hiring credit program. Unlike that previous attempt, however, the Governor intends to make these changes without the help of the CA legislature. The changes are based in regulatory power through the Department of Housing and Community Development, which oversees the program statewide. (more…)
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An article published today in The Saratogian by Paul Post outlines the recent renewal of the Returning Heroes and Wounded Warriors tax credits (as target groups within the Work Opportunity Tax Credit program). The so-called American Taxpayer Relief Act of 2012 reauthorized the WOTC program through December 31, 2013. (more…)
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The American Taxpayer Relief Act of 2012 was passed by the US House this evening and President Obama will sign it. The bill renews a slew of the so-called tax extenders, including the Work Opportunity Tax Credit through 2013. (more…)
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