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A business located in the Yuba-Sutter Enterprise Zone may reduce
its state income tax by the amount of wages paid to one or more
qualified employees. The business has the potential to
earn $37,440 or more in tax credits per qualifying employee
over a five-year period. There is no residency requirement; however, at least 50
percent of the employee's work must be performed inside the enterprise zone boundaries.
Generally, qualifying employees include those who meet one of the following eligibility
criteria relating to the job candidate's employment/wage earning status for a defined
period prior to the date of hire:
- Enrolled or eligible for the Job Partnership Training Act
(JTPA) or its successor, the Workforce Investment Act (WIA), or who are
participating in Welfare-to-Work activities under CalWORKs; members of a
targeted group under TJTC or its successor, Work Opportunity Tax Credit
(WOTC);
- Displaced Worker
- Disadvantage youth 14 years of age
or older
- Member of a federally-recognized Indian tribe or Native American
- Veteran
- Ex-offender
- Long-term unemployed
- Victim of a massive layoff or plant closure
- Unemployed due to a military base closure
- Previously self-employed
- Seasonal or migrant worker
- Individuals with physical or metal disability which limits ability to
work
- Low wage earners (based on state poverty guidelines)
- Resident of a designated
Targeted
Employment Area (TEA)
- Receiving some form of monetary public assistance:
Food stamps
General Assistance Recipient
Refugee Cash Assistance (RCA)
Vocational Rehabilitation Referral
SSI/SSP (Social Security benefits)
State disability insurance benefits
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