TAX CREDITS  
 
California Enterprise Zone
The California Enterprise Zone program provides for substantial income tax credits for (1) hiring qualified employees (over $37,000 per employee) and (2) purchasing qualified equipment (credit equal to sales/use tax paid).
 
Work Opportunity Tax Credit
WOTC is an employment incentives program available to all businesses. The program provides for a credit (up to $9,000 per employee) based on percentage of eligible employee's wages. Eligible wages will include up to 2 years of the employee's wages.
 
Federal Zone Credits
Federal employment related incentives programs available to employers in specific locations that provides income tax credits for hiring qualified employees. The benefit can range from $1,500 to $3,000 annually for each qualified employee.
 
Research & Development
The federal government and numerous states allow businesses to claim an income or franchise tax credit for certain costs incurred for research activities. Currently, the federal R&D tax credit rate is 20% of the qualified research costs.
   
 
 


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