Other Credits and Incentives
- Sales & Use Tax Credits
Deduct 100% of sales or use tax on equipment used to process or manufacture. This credit can be significant with purchase of computer systems, manufacturing machinery, etc. Contact our office to learn more.
- Business Expense Deduction
Purchase of qualified property may be deducted as a business expense rather than a capital expense
- Net Operating Loss Carryover
Any business in the EZ can carry forward 100% of a loss in a given year for up to 15 years.
- Lender Interest Deduction
This allows a lender to deduct from their taxable income the amount of "net interest" on loans made to a business located in the Enterprise Zone. Business owners may negotiate lower interest rates because of this incentive.
Imperial Valley Foreign Trade Zone (IVFTZ) Provides incentives for domestic manufacturers that rely on imported raw materials. The FTZ offers a way to mitigate the costs of trade.
Visit www.foreign-trade-zone.com for details.
Imperial County Workforce Development Provides employers with resources and support. All services are provided at no cost and include assistance with employee recruitment, training for employees, conference facilites, and On-The-Job-Training Wage Reimbursement.
Visit www.ivworkforce.com for more information.
Imperial Valley Small Business Development Center Provides resources to help start and/or expand expand your business.
Visit www.ivsbdc.org for more information.