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

MINIMUM WAGE INCREASES
HIRING CREDIT CEILING

The recent increase in the minimum wage to $6.25 per hour also increased the eligible wages under the enterprise zone state tax hiring credit to $9.38 per hour. The previous amount was $8.62. Qualified individuals hired by a business located within the Yuba-Sutter Enterprise Zone can now provide over $29,200 in tax credits over a five-year period. This $29,200 applies to each qualified individual hired.

Do you know if your business is in the zone? If not, find out. Your current employees may qualify right now, providing you with a 2000 state tax credit. There may be even credits for prior years that may make it worth amending your tax return. Call the Yuba-Sutter Economic Development Corporation at 751-8555 or the Zone office at 741-6463 to learn more about the hiring credits and other enterprise zone tax credits. Find out if you are in the zone.

A wealth of information is also available through the zone website at http://www.yubasutterez.com.