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By Business Incentive Zone Looking for tax savings, lower electricity rates, or other business incentives? Search the map below to see if your business is located in an eligible Business Incentive Zone. |
By Incentive Type |
STATE ENTERPRISE ZONES (SEZ)
Business Expense Deduction
| Description: | Qualified taxpayers may elect to expense 40% of eligible cost of a qualified property in the year it is placed in service instead of capitalizing the expense. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Discounted Electricity Rate
| Description: | Reduction of base electric rate over course of 60 months. |
| Eligibility: | Commercial and industrial customers who are newly located in a State Enterprise Zone (SEZ), Federal Empowerment Zone (FEZ), or Renewal Community (RC) are eligible for a reduction on the base electric rate. Existing customers within such zones who increase energy consumption may also be eligible for LADWP EZ Rate. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp001137.jsp |
Employer Hiring Credits
| Description: | Up to $35,100 over a 5-year period per each qualified employee can be claimed by an Enterprise Zone business as a tax credit. |
| Eligibility: | Businesses located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Lower Parking Ratio
| Description: | Provides reduced parking requirements for Enterprise Zone businesses compared with other areas of the City. |
| Eligibility: | Businesses located in a State Enterprise Zone (SEZ). |
| Lead Agency: | Department of Building and Safety |
| More Info: | Dial 3-1-1 to contact the Department of Building and Safety |
Net Interest Deduction
| Description: | Qualified taxpayers are allowed to deduct net interest for qualified debts made to qualified debtors. |
| Eligibility: | Businesses located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Net Operating Loss
| Description: | Eligible businesses may elect to carry forward 100% of its NOL for a 15 year period. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Sales or Use Tax Credit
| Description: | Tax credit equal to the sales and use tax paid or incurred in connection with the purchase of qualified property. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Sewer Facility Charge Exemption
| Description: | One-time lump sum payment exemption if the Sewer Facility Charge is over $17,000. The fee can be paid in installments over five years but interest is payable on any unpaid balance. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | Bureau of Sanitation |
| More Info: | Contact the Bureau of Sanitation, Financial Management Division, at 1-800-540-0952. |
Site Plan Review Fee Waiver
| Description: | Fee waiver for review of commercial or industrial architectural plans for projects of 40,000 square feet or greater located in an Enterprise Zone during an initial application for a site plan review. |
| Eligibility: | Businesses located in a State Enterprise Zone. |
| Lead Agency: | Department of Building and Safety |
| More Info: | Dial 3-1-1 to contact the Department of Building and Safety |
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FEDERAL EMPOWERMENT ZONE (FEZ)
Business Tax Exemptions and Decreases
| Description: | Business tax reductions or business tax relief. |
| Eligibility: | Businesses located in a Federal Empowerment Zone (FEZ). |
| Lead Agency: | Office of Finance |
| More Info: | http://www.lacity.org/finance/forms/EmpowermentZoneV4.frm |
Discounted Electricity Rate
| Description: | Reduction of base electric rate over course of 60 months. |
| Eligibility: | Commercial and industrial customers who are newly located in a State Enterprise Zone (SEZ), Federal Empowerment Zone (FEZ), or Renewal Community (RC) are eligible for a reduction on the base electric rate. Existing customers within such zones who increase energy consumption may also be eligible for LADWP EZ Rate. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp001137.jsp |
Employee Wage Tax Credit
| Description: | Federal credit up to $3,000 for employees who are Empowerment Zone residents. |
| Eligibility: | Businesses located in a Federal Empowerment Zone (FEZ). |
| Lead Agency: | Community Development Department |
| More Info: | http://www.lacity.org/CDD/bus_fedcred.html#ewc |
Increased Section 179 Deduction
| Description: | Allows qualified businesses to take an increase in deduction up to $35,000 of the cost of eligible equipment purchases, subject to certain limitations, in the placed-in-service year of the equipment. |
| Eligibility: | Businesses in a Federal Empowerment Zone (FEZ) or Renewal Community (RC). |
| Lead Agency: | Internal Revenue Service |
| More Info: | http://www.irs.gov/publications/p954/ar02.html#d0e670 |
Work Opportunity Tax Credit
| Description: | Federal tax credit of up to $2,400 eligible employee that encourages employers to hire from eight targeted groups of job seekers. |
| Eligibility: | Businesses that hire persons between the ages of 18-39 who reside in either the Federal Empowerment Zone EZ) or the Federal Renewal Community (RC) area. There are eight additional eligibility categories, some of which are not dependent on the employee's address. |
| Lead Agency: | California Employment Development Department |
| More Info: | http://www.edd.ca.gov/wotcind.htm |
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Commercial Revitalization Deduction
| Description: | Businesses may elect an accelerated method to recover certain costs of new and/or substantially rehabilitated commercial buildings in a Renewal Community (RC). |
| Eligibility: | Businesses located in a Renewal Community (RC). |
| Lead Agency: | Community Development Department |
| More Info: | Contact the IRS and refer to IRS Tax Form 4562. |
Commercial Revitalization Deduction
| Description: | Reduction of base electric rate over course of 60 months. |
| Eligibility: | Commercial and industrial customers who are newly located in a State Enterprise Zone (SEZ), Federal Empowerment Zone (FEZ), or Renewal Community (RC) are eligible for a reduction on the base electric rate. Existing customers within such zones who increase energy consumption may also be eligible for LADWP EZ Rate. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp001137.jsp |
Gross Income Exclusion for Capital Gains
| Description: | A business that acquired an RC asset between January 1, 2002 and January 1, 2010 will not have to include in its gross income any qualified capital gain from the sale or exchange of the asset. |
| Eligibility: | The business must hold the asset a minimum of five years. RC business stock, RC partnership interest, and RC business properties qualify as assets. |
| Lead Agency: | Community Development Department |
| More Info: | http://www.lacity.org/CDD/bus_renewal.html#zpcg |
Increased Section 179 Deduction
| Description: | Allows qualified businesses to take an increase in deduction up to $35,000 of the cost of eligible equipment purchases, subject to certain limitations, in the placed-in-service year of the equipment. |
| Eligibility: | Businesses in a Federal Empowerment Zone (FEZ) or Renewal Community (RC). |
| Lead Agency: | Internal Revenue Service |
| More Info: | http://www.irs.gov/publications/p954/ar02.html#d0e670 |
Renewal Community Tax Credit
| Description: | Allows businesses to take an annual tax credit of up to $1,500 for each employee who lives and works for the business in a Renewal Community (RC). |
| Eligibility: | Businesses located in a Renewal Community (RC); tax credit available through 12/31/2009. |
| Lead Agency: | Community Development Department |
| More Info: | Contact the Los Angeles Community Development Department. |
Work Opportunity Tax Credit
| Description: | Federal tax credit of up to $2,400 eligible employee that encourages employers to hire from eight targeted groups of job seekers. |
| Eligibility: | Businesses that hire persons between the ages of 18-39 who reside in either the Federal Empowerment Zone EZ) or the Federal Renewal Community (RC) area. There are eight additional eligibility categories, some of which are not dependent on the employee's address. |
| Lead Agency: | California Employment Development Department |
| More Info: | http://www.edd.ca.gov/wotcind.htm |
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COMMUNITY REDEVELOPMENT PROJECT AREAS
Building Façade Lighting Program
| Description: | Promotes energy efficient lighting technologies, increases energy efficiency awareness, and improves the utilization of energy capacity during off-peak hours throughout the City of Los Angeles. |
| Eligibility: | Businesses located in Community Redevelopment project areas. |
| Lead Agency: | Department of Water and Power; Community Redevelopment Agency |
| More Info: | Contact the LADWP Economic Development Group at 1-800-864-4409. |
Community Redevelopment Grants and Loans
| Description: | Provides financial assistance to businesses by offering grant and loan programs in many of the Community Redevelopment project areas. |
| Eligibility: | Businesses located in Community Redevelopment project areas. |
| Lead Agency: | Community Redevelopment Agency |
| More Info: | http://www.crala.net/internet-site/Other/grants_loans.cfm |
Entertainment and Multimedia Business Tax Limitations
| Description: | Caps the business tax for eligible entertainment and media businesses at $25,000 plus 10 percent of the amount of tax in excess of $25,000 that would otherwise be due |
| Eligibility: | Businesses located in the Hollywood or North Hollywood Redevelopment Areas that generate more than 50% of gross receipts from the entertainment and/or multimedia business activities. |
| Lead Agency: | Office of Finance |
| Apply Online: | http://www.lacity.org/finance/pdf/Redev_Hollywood_questionnaire.pdf |
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Customs Duties Reduction
| Description: | Allow importers and exporters to defer, reduce, or eliminate U.S. Customs duties. Over twenty sites are available in the Los Angels area. |
| Eligibility: | Importers and exporters in eligible areas. |
| Lead Agency: | Port of Los Angeles |
| More Info: | http://www.portoflosangeles.org/facilities/ftz_202.asp |
RECYCLING MARKET DEVELOPMENT ZONE
Direct Loan Program
| Description: | Provides direct loans to eligible businesses and non-profit organizations that manufacture from recycled raw materials, produce new recycled products, or that reduce waste resulting from manufacturing. These loans promote market development of post-consumer and secondary waste materials. |
| Eligibility: | Business located in the City of Los Angeles that manufacture from recycled raw materials, produce new recycled products, or that reduce waste resulting from manufacturing. |
| Lead Agency: | Bureau of Sanitation |
| More Info: | http://www.ciwmb.ca.gov/rmdz/LACity/Default.asp |
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Building Façade Lighting Program
| Description: | Promotes energy efficient lighting technologies, increases energy efficiency awareness, and improves the utilization of energy capacity during off-peak hours throughout the City of Los Angeles. |
| Eligibility: | Businesses located in Community Redevelopment project areas. |
| Lead Agency: | Department of Water and Power; Community Redevelopment Agency |
| More Info: | Contact the LADWP Economic Development Group at 1-800-864-4409. |
Commercial Energy Efficiency and Water Conservation Incentives
| Description: | Offers a number of rebates and programs for our commercial, industrial, and institutional customers. |
| Eligibility: | New and existing LADWP customers. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp001859.jsp |
Commercial Solar Incentive Program
| Description: | Provides an incentive payment to LADWP customers that purchase and install their own solar power systems. Currently, LADWP also provides an additional incentive payment for systems using PV modules manufactured in the City of Los Angeles. |
| Eligibility: | New and existing LADWP customers. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/cms/ladwp004196.jsp |
Discounted Electricity Rate
| Description: | Reduction of base electric rate over course of 60 months. |
| Eligibility: | Commercial and industrial customers who are newly located in a State Enterprise Zone (SEZ), Federal Empowerment Zone (FEZ), or Renewal Community (RC) are eligible for a reduction on the base electric rate. Existing customers within such zones who increase energy consumption may also be eligible for LADWP EZ Rate. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp001137.jsp |
Smooth Power Program
| Description: | Offers both technical assistance and project financing to commercial and industrial customers. |
| Eligibility: | New and existing LADWP customers. |
| Lead Agency: | LADWP |
| More Info: | Contact the LADWP Economic Development Group at 1-800-864-4409. |
Utility Infrastructure Loan Program
| Description: | Addresses the need for investment capital by growing local businesses for which short-term, low-cost financing is not readily available. |
| Eligibility: | New and existing DWP customers with good credit rating |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp000546.jsp |
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Business Tax Exemptions and Decreases (FEZ)
| Description: | Business tax reductions or business tax relief. |
| Eligibility: | Businesses located in a Federal Empowerment Zone (FEZ). |
| Lead Agency: | Office of Finance |
| More Info: | http://www.lacity.org/finance/finA2.htm |
Business Tax Exemptions/Incentives/Assistance
| Description: | Business tax exemptions are available for qualifying new businesses, small businesses and creative artists. Reduced tax rates available to motion picture production businesses as well as businesses taxed on gross receipts. A Taxpayer Advocate Program is available to those taxpayers that have complex business tax matters that have not been resolved in the usual method. |
| Eligibility: | Businesses registered with the Office of Finance |
| Lead Agency: | Office of Finance |
| More Info: | www.lacity.org/finance |
Entertainment and Multimedia Business Tax Limitations
| Description: | Caps the business tax for eligible entertainment and media businesses at $25,000 plus 10 percent of the amount of tax in excess of $25,000 that would otherwise be due. |
| Eligibility: | Businesses located in the Hollywood or North Hollywood Redevelopment Areas that generate more than 50% of gross receipts from the entertainment and/or multimedia business activities. |
| Lead Agency: | Office of Finance |
| More Info: | http://www.lacity.org/finance/finA2.htm |
Use Tax Rebate Program
| Description: | Businesses that participate in the City's Use Tax Rebate Program can qualify for a rebate of 20% on the additional State collected use tax (67.5%) remitted by the business. |
| Eligibility: | Businesses that pay Use Tax to lessors or out-of-state vendors |
| Lead Agency: | Office of Finance |
| More Info: | http://www.lacity.org/finance/finA3q.htm |
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ENTERTAINMENT/MEDIA INCENTIVES
Entertainment and Multimedia Business Tax Limitations
| Description: | Caps the business tax for eligible entertainment and media businesses at $25,000 plus 10 percent of the amount of tax in excess of $25,000 that would otherwise be due. |
| Eligibility: | Businesses located in the Hollywood or North Hollywood Redevelopment Areas that generate more than 50% of gross receipts from the entertainment and/or multimedia business activities. |
| Lead Agency: | Office of Finance |
| More Info: | http://www.lacity.org/finance/finA2.htm |
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Building Façade Lighting Program
| Description: | Promotes energy efficient lighting technologies, increases energy efficiency awareness, and improves the utilization of energy capacity during off-peak hours throughout the City of Los Angeles. |
| Eligibility: | Businesses located in Community Redevelopment project areas. |
| Lead Agency: | Department of Water and Power; Community Redevelopment Agency |
| More Info: | Contact the LADWP Economic Development Group at 1-800-864-4409. |
Business Expense Deduction
| Description: | Qualified taxpayers may elect to expense 40% of eligible cost of a qualified property in the year it is placed in service instead of capitalizing the expense. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Business Tax Exemptions and Decreases
| Description: | Business tax reductions or business tax relief. |
| Eligibility: | Businesses located in a Federal Empowerment Zone (FEZ). |
| Lead Agency: | Office of Finance |
| More Info: | http://www.lacity.org/finance/finA2.htm |
Business Tax Exemptions/Incentives/Assistance
| Description: | Business tax exemptions are available for qualifying new businesses, small businesses and creative artists. Reduced tax rates available to motion picture production businesses as well as businesses taxed on gross receipts. A Taxpayer Advocate Program is available to those taxpayers that have complex business tax matters that have not been resolved in the usual method. |
| Eligibility: | Businesses registered with the Office of Finance |
| Lead Agency: | Office of Finance |
| More Info: | www.lacity.org/finance |
Commercial Energy Efficiency and Water Conservation Incentives
| Description: | Offers a number of rebates and programs for our commercial, industrial, and institutional customers. |
| Eligibility: | New and existing LADWP customers. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp001859.jsp |
Commercial Revitalization Deduction
| Description: | Businesses may elect an accelerated method to recover certain costs of new and/or substantially rehabilitated commercial buildings in a Renewal Community (RC). |
| Eligibility: | Businesses located in a Renewal Community (RC). |
| Lead Agency: | Community Development Department |
| More Info: | Contact the IRS and refer to IRS Tax Form 4562. |
Commercial Solar Incentive Program
| Description: | Provides an incentive payment to LADWP customers that purchase and install their own solar power systems. Currently, LADWP also provides an additional incentive payment for systems using PV modules manufactured in the City of Los Angeles. |
| Eligibility: | New and existing LADWP customers. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/cms/ladwp004196.jsp |
Community Redevelopment Grants and Loans
| Description: | Provides financial assistance to businesses by offering grant and loan programs in many of the Community Redevelopment project areas. |
| Eligibility: | Businesses located in Community Redevelopment project areas. |
| Lead Agency: | Community Redevelopment Agency |
| More Info: | http://www.crala.net/internet-site/Other/grants_loans.cfm |
Discounted Electricity Rate
| Description: | Reduction of base electric rate over course of 60 months. |
| Eligibility: | Commercial and industrial customers who are newly located in a State Enterprise Zone (SEZ), Federal Empowerment Zone (FEZ), or Renewal Community (RC) are eligible for a reduction on the base electric rate. Existing customers within such zones who increase energy consumption may also be eligible for LADWP EZ Rate. |
| Lead Agency: | Department of Water and Power |
| More Info: | http://www.ladwp.com/ladwp/cms/ladwp001137.jsp |
Employee Wage Tax Credit
| Description: | Federal credit up to $3,000 for employees who are Empowerment Zone residents. |
| Eligibility: | Businesses located in a Federal Empowerment Zone (FEZ). |
| Lead Agency: | Community Development Department |
| More Info: | http://www.lacity.org/CDD/bus_fedcred.html#ewc |
Employer Hiring Credits
| Description: | Up to $35,100 over a 5-year period per each qualified employee can be claimed by an Enterprise Zone business as a tax credit. |
| Eligibility: | Businesses located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Entertainment and Multimedia Business Tax Limitations
| Description: | Caps the business tax for eligible entertainment and media businesses at $25,000 plus 10 percent of the amount of tax in excess of $25,000 that would otherwise be due |
| Eligibility: | Businesses located in the Hollywood or North Hollywood Redevelopment Areas that generate more than 50% of gross receipts from the entertainment and/or multimedia business activities. |
| Lead Agency: | Office of Finance |
| Apply Online: | http://www.lacity.org/finance/pdf/Redev_Hollywood_questionnaire.pdf |
Gross Income Exclusion for Capital Gains
| Description: | A business that acquired an RC asset between January 1, 2002 and January 1, 2010 will not have to include in its gross income any qualified capital gain from the sale or exchange of the asset. |
| Eligibility: | The business must hold the asset a minimum of five years. RC business stock, RC partnership interest, and RC business properties qualify as assets. |
| Lead Agency: | Community Development Department |
| More Info: | http://www.lacity.org/CDD/bus_renewal.html#zpcg |
Increased Section 179 Deduction
| Description: | Allows qualified businesses to take an increase in deduction up to $35,000 of the cost of eligible equipment purchases, subject to certain limitations, in the placed-in-service year of the equipment. |
| Eligibility: | Businesses in a Federal Empowerment Zone (FEZ) or Renewal Community (RC). |
| Lead Agency: | Internal Revenue Service |
| More Info: | http://www.irs.gov/publications/p954/ar02.html#d0e670 |
Lower Parking Ratio
| Description: | Provides reduced parking requirements for Enterprise Zone businesses compared with other areas of the City. |
| Eligibility: | Businesses located in a State Enterprise Zone (SEZ). |
| Lead Agency: | Department of Building and Safety |
| More Info: | Dial 3-1-1 to contact the Department of Building and Safety. |
Net Interest Deduction
| Description: | Qualified taxpayers are allowed to deduct net interest for qualified debts made to qualified debtors. |
| Eligibility: | Businesses located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Net Operating Loss
| Description: | Eligible businesses may elect to carry forward 100% of its NOL for a 15 year period. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Partial Exclusion of Capital Gains
| Description: | Allows eligible businesses to exclude 60% of capital gains available from the same of small business stock issued by a Renewal Community business that is a C corporation with gross assets of $50 million or less. |
| Eligibility: | Businesses located in a Renewal Community (RC). |
| Lead Agency: | Internal Revenue Service |
| More Info: | http://www.irs.gov/publications/p954/ar02.html#d0e1056 |
Renewal Community Tax Credit
| Description: | Allows businesses to take an annual tax credit of up to $1,500 for each employee who lives and works for the business in a Renewal Community (RC). |
| Eligibility: | Businesses located in a Renewal Community (RC); tax credit available through 12/31/2009. |
| Lead Agency: | Community Development Department |
| More Info: | Contact the Los Angeles Community Development Department. |
Sales or Use Tax Credit
| Description: | Tax credit equal to the sales and use tax paid or incurred in connection with the purchase of qualified property. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | California Franchise Tax Board |
| More Info: | http://www.ftb.ca.gov/aboutFTB/manuals/audit/edam/edamfront.shtml |
Sewer Facility Charge Exemption
| Description: | One-time lump sum payment exemption if the Sewer Facility Charge is over $17,000. The fee can be paid in installments over five years but interest is payable on any unpaid balance. |
| Eligibility: | Business located in a State Enterprise Zone (SEZ). |
| Lead Agency: | Bureau of Sanitation |
| More Info: | Contact the Bureau of Sanitation, Financial Management Division, at 1-800-540-0952. |
Site Plan Review Fee Waiver
| Description: | Fee waiver for review of commercial or industrial architectural plans for projects of 40,000 square feet or greater located in an Enterprise Zone during an initial application for a site plan review. |
| Eligibility: | Businesses located in a State Enterprise Zone. |
| Lead Agency: | Department of Building and Safety |
| More Info: | Dial 3-1-1 to contact the Department of Building and Safety |
Smooth Power Program
| Description: | Offers both technical assistance and project financing to commercial and industrial customers. |
| Eligibility: | New and existing LADWP customers. |
| Lead Agency: | Department of Water and Power. |
| More Info: | Contact the LADWP Economic Development Group at 1-800-864-4409. |
Utility Infrastructure Loan Program
| Description: | Addresses the need for investment capital by growing local businesses for which short-term, low-cost financing is not readily available. |
| Eligibility: | New and existing DWP customers with good credit rating |
| Lead Agency: | Department of Water and Power |
| More Info: | Contact the LADWP Economic Development Group at 1-800-864-4409. |
Use Tax Rebate Program
| Description: | Businesses that participate in the City's Use Tax Rebate Program can qualify for a rebate of 20% on the additional State collected use tax (67.5%) remitted by the business. |
| Eligibility: | Businesses that pay Use Tax to lessors or out-of-state vendors |
| Lead Agency: | Office of Finance |
| More Info: | http://www.lacity.org/finance/finA3q.htm |
Work Opportunity Tax Credit
| Description: | Federal tax credit of up to $2,400 eligible employee that encourages employers to hire from eight targeted groups of job seekers. |
| Eligibility: | Businesses that hire persons between the ages of 18-39 who reside in either the Federal Empowerment Zone EZ) or the Federal Renewal Community (RC) area. There are eight additional eligibility categories, some of which are not dependent on the employee's address. |
| Lead Agency: | California Employment Development Department |
| More Info: | http://www.edd.ca.gov/wotcind.htm |
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