
Purpose: To provide targeted areas with a means to stimulate business and employment.
The Enterprise Zone program can positively affect your company's bottom line, with substantial tax savings which it provides.
Tax Incentives available:
- Hiring Credit
- Sales and Use Tax Credit
- Business Expense Deduction
- Net Operating Loss Carryover
An Enterprise Zone business employer earns the hiring tax credit by employing individuals who fit one of the following ceriteria:
- A resident from targated Employment Areas
- A person who meets the eligibility requirement for federal job training programs
Voucher Process:
All eligible employees must be vouchered in order for an Enterprise Zone business to receive hiring tax credit.
Gustin Accountancy will assist you with the voucher process, and completion and submission of required voucher documents.
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