The Calexico-County Enterprise Zone (CCEZ) designation gives businesses located in the greater Calexico Area of Imperial County access to significant tax credits against their California Income Tax.
Thank you to all of you who contacted your legislators to support the Enterprise Zone Program. Unfortunately, the Legislature passed AB93 which eliminates the Enterprise Zone Program, effective at the end of this year (January 1, 2014).
Here is what this means for your business with regards to the Hiring Credit:
- If you have already hired an employee and obtained a voucher certificate, you may continue to accrue tax credits for that employee, even if they continue to work for you after the end of this year. It appears that the tax credits will continue to carry forward for up to 10 years from the expiration (December 31, 2013) of the Zone.
- If you have hired an employee and have not yet obtained a voucher certificate, you should do so NOW. While the Bill is clear that any employees hired prior to the end of the year would qualify, it is not clear whether we will still be able to process the voucher application after the end of this year. Therefore, you should submit your application before the end of this year to ensure that you are able to obtain your entitled benefits.
- If you are thinking of hiring new employees in the near future and would like to take advantage of the credit, IT IS NOT TOO LATE! Any employees hired before the end of the year are still eligible, and you can continue to claim the credit for as long as they remain with you.
The CCEZ is fully committed to making sure that everybody that can take advantage of this program over the next six months is able to do so. We urge all businesses to submit their voucher applications ASAP. Please don’t hesitate to contact us if you have any questions.
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Calexico-County Enterprise Zone
Phone (760) 768-7190
301 Heber Ave
Calexico CA 92231
Calexico-County EZ is a proud member of the California Association of Enterprise Zones. To learn more visit www.enterpriseca.org