Enterprise Zone Tax Credits for Business Expansion

# Enterprise Zone Tax Credits in California

## Important Update
California's Enterprise Zone Program **ended on January 1, 2014**. However, businesses with existing agreements may still claim credits.

## Replacement Programs Available:

### California Competes Tax Credit
- Up to $20 million per year
- Competitive application process
- Based on job creation and investment
- Apply during open application periods

### New Employment Credit (NEC)
- Up to $56,000 per employee over 5 years
- For businesses in designated areas
- Must hire from targeted groups
- Available through 2026

### Opportunity Zones
- Federal program with state conformity
- Capital gains tax benefits
- Long-term investments in designated areas
- 879 zones in California

## For Existing Enterprise Zone Credits:
- Hiring Tax Credit: Claim through 2024
- Sales Tax Credit: Expired
- Business Expense Deduction: Through 2024

## Next Steps:
**For expansion incentives, you'll need consultation to:**
- Assess which programs you qualify for
- Calculate potential tax savings
- Prepare competitive applications
- Navigate local incentives

**This requires specialist assistance. Please contact GO-Biz for a consultation.**

*Note: Tax credit programs are highly competitive and have specific deadlines.*