530/741-6463 or fax 530/742-7835
mhansen@syix.com

TAX INCENTIVES = HIGHER PROFITS

Do you know if your business is located within the Yuba-Sutter Enterprise Zone? You may be eligible for thousands of dollars in tax credits that you didn't even know you had coming. As part of the Yuba-Sutter Enterprise Zone marketing program, businesses that are located in the zone will be receiving an oversized post card that replicates the marketing signs that have been placed throughout Yuba and Sutter Counties. The signs have been placed within the zone boundaries to remind and educate both residents and businesses about the zone program.

The Yuba-Sutter Enterprise Zone is a state-designated program that provides businesses located within the specific boundaries of the zone certain local incentives and state tax credits. Incentives include tax credits for the sales tax paid on the purchase of machinery and equipment, hiring tax credits of up to $24,087 per eligible employee, tax free interest income for investors, just to name a few. If a business has more tax credits accumulated in relationship to tax liability, the tax credits can be carried over to the following year for use and can be continued to be carried forward through the life of the zone program.

The Yuba-Sutter Enterprise Zone was designated on October 15, 1986, yet many businesses are still unaware of the program or they are aware and feel there is too much red tape involved. Recent legislative changes in the program have made it a very attractive and easy program to access. Find out today what you are missing. Find out today if you are IN THE ZONE. Call the Yuba-Sutter Economic Development Corporation for more details at 751-8555.