So, if you use recycled materials, you can double your benefits. Simply by locationg in the Florin Perkins Enterprise Zone and taking advantage of special state income tax credits and deductions as well as other local incentives. One of two Enterprise Zones in Sacramento, the Florin-Perkins Zone overlaps the Recycling market Development Zone. So, if you use recycled materials, you can double your benefits. Enterprise zone businesses can reduce their taxes by the amount of sales or use tax paid on certain machinery and machinery parts purchased for exclusive use in the zone.
Credits are also available for data processing, communication and motion picture equipment.
Hiring tax credits Businesses that hire qualified individuals who are vouchered Enterprise Zone eligible provide a 5 year hiring credit. Net interest deduction for lenders Businesses located solely in the Zone offer a net interest deduction for lenders. Net operations loss carryover Net operating losses of a qualified business may be carried over to future years to reduce the amount of taxable income for those years. The net operating loss carryover is determined by computing business losses that result strictly from business activity in the zone area. It is no surprise that talented, motivated, and loyal workers are easy to find in Sacramento, thanks to its affordable cost of living and exceptional educational and training opportunities.