On May 22, 2013, the California State Assembly’s Budget Subcommittee #4 held a hearing that explored Governor Jerry Brown’s latest economic tax incentive proposals as they relate to the State’s current enterprise zone program. In my previous post on this subject, based solely on the language published in the Governor’s May 2013 budget revision, I concluded that significant “revisions” were the target. The recent hearing makes it abundantly clear, however, that the words “elimination” and “replacement” better describe Governor Brown’s proposal. (more…)
Governor Jerry Brown’s May-budget revision proposal to “reform” California’s Enterprise Zone program has sailed through legislative committees in both CA chambers. Although dubbed a reform, the legislation would effectively dismantle the enterprise zone hiring credit program (see previous posts here and here). (more…)
Can this be true? SB 974 was introduced by California Senator Darrell Steinberg (Dem) early this year in an attempt to substantially limit the impact of California’s Enterprise Zone Hiring Credit program. According to an article in the Santa Clarita Valley Signal today, “officials from Steinberg’s office said Wednesday that the legislation will probably not become law.” (more…)
Here’s an upbeat news piece by By Dean Calbreath, a Staff Writer with the San Diego Union Tribune.
Recipe for growth: Otay Mesa’s infrastructure, zoning and financial advantages have civic leaders promoting it as a center for food production. (more…)
Perhaps you’ve heard? Last week, the California Senate approved Senate Bill 974, which proposes to make some significant changes to California’s enterprise zone program.
Before getting into the details, let me state that we oppose this bill. We’re urging our clients and friends in California to write their California assemble member, asking them to oppose it in the State Assembly. Watch for a follow up post with some analysis by Craig Johnson, President of the California Association of Enterprise Zones. (more…)
Yes, it’s true. Our friends at the Shasta Metro Enterprise Zone have posted an updated address range list for the EZ’s Targeted Employment Area or “TEA.”
You ask, “What is a Targeted Employment Area?”
I answer, one of the many ways in which an employee can qualify to trigger California’s enterprise zone Hiring Credit for their employer is by residing within a Targeted Employment Area at the time of hire. It is what is says — an area targeted by the enterprise zone for increased employment opportunities. These are economically depressed residential areas that tend to suffer higher rates of unemployment. (more…)
Good news for many businesses in Merced County California! The Merced County Board of Supervisors voted on Tuesday, April 13, to expand the Merced County Regional Enterprise Zone by approximately 1,877 acres.
California’s Enterprise Zones Hiring Credit program routinely provides $12,000 or more in state income tax credit per employee to businesses that hire qualifying workers within a zone. That’s just for the first year of employment! Tax benefits continue to accrue for up to 60 months of employment. (more…)
The California State Senates Revenue and Taxation Committee has scheduled an informational hearing for today on the subject of California’s Enterprise Zone program. The hearing is scheduled to begin 1:30 PM. Click here for the Agenda
Let’s keep our fingers crossed that those who speak best also know best while keeping the interests of California employers (and their employees) in focus. (more…)
Published today by KXO Radio, out of El Centro, California, I found these thoughts by California Assemblymember V. Manual Perez entitled, Maximizing Our Tools for Economic Recovery. Assemblyman Perez is a strong proponent of California’s enterprise zone tax incentives program and has been holding hearings to explore the effectiveness and potential improvements to the program. (more…)
Epsilon Systems recently published an article in the San Diego Union-Tribune’s on line news publication, SignOnSanDiego.com making some good arguments for preserving California’s Enterprise Zone program. (more…)