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Enterprise Zone Tax Credits

State Tax Benefits Available to Local Business (see boundaries map)

The City of Long Beach offers an urban Enterprise Zone of over 41.4 square miles, encompassing thousands of businesses. No matter if your business is manufacturing or retail; large or small, the Enterprise Zone provides State tax credits that can enhance your business.

Purpose: To provide targeted areas with a means to stimulate business and employment growth.

Duration: 15 years, January 8, 2007 - January 7, 2022

Area: Includes most of the City's commercial and retail corridors and manufacturing centers.

Eligibility: Any individual or company operating a trade or business within the Enterprise Zone is eligible for the program.

Benefits: Companies located within the Enterprise Zone can save thousands of dollars on their business's California income taxes.

Submit all completed forms and applicable fees to:

City of Long Beach
Business Development Center
110 Pine Ave., #1100
Long Beach, CA 90802
Attn: Michael Welch

For questions please contact: Craig Johnson (562) 570-3842

Enterprise Zone Voucher Application Form ($40.00 Application fee payable to City of Long Beach)

Enterprise Zone Voucher Certificate Form

Enterprise Zone Income Verification Worksheet

Enterprise Zone Support Document Guidelines for Employee Eligibility

Enterprise Zone Targeted Employment Area (TEA) Acceptable Documents Showing Proof of Residency

Enterprise Zone Complete Street Address Ranges (effective 1/8/07)

Targeted Employment Area (TEA) Address Ranges

FTB 3805Z EZ Business Booklet

Earn Tax Credit

Business Expense Deduction
Part of the cost of certain equipment, furniture and fixtures purchased for exclusive use in the Enterprise Zone may be deducted as a business expense as opposed to a capital expense.


Net Operating Loss Carryover
Up to 100% of a Net Operating Loss generated in an Enterprise Zone can be carried forward for up to 15 years. (Suspended for tax years 2002 and 2003)


Net Interest Deduction for Lenders

Lenders can deduct from net income the interest earned on a loan made to any business located solely in the Enterprise Zone.



EZ Hiring CreditHiring Credit
Your company can receive over $37,400 in state tax credits over a five-year period, for each eligible employee. It is easy to find employees who meet the eligibility criteria if your company takes advantage of the Long Beach Career Transition Center employment services.


Sales and Use Tax Credit

Your business can claim a state tax credit equal to the sales or use tax paid on the cost of any of the following equipment purchased for exclusive use in the Enterprise Zone.

  • Equipment used to manufacture, process, combine, assemble or fabricate a product.
  • Data processing and communications equipment including computers, telephone systems, fax machines and copiers.
  • Equipment used in motion picture production and post-production.
  • Air and water pollution control devices.
  • Equipment used to produce renewable energy resources.

Calculate Your Savings Today Online

With a handy online calculator, you can easily estimate the tax savings benefits of the Long Beach Enterprise Zone. Log onto:
/ecd/bus_dev/enterprise_zone/tax_benefits.asp


For more information Contact:
Craig Johnson (562) 570-3842
Enterprise Zone Manager
City of Long Beach Business Development Center
110 Pine Avenue, Suite 1100
Long Beach, CA 90802
 
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