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CLC Tax Credits

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Los Angeles Enterprise Zone

Los Angeles Enterprise ZoneLos Angeles Enterprise Zone tax credits are designed to keep employers in California and create jobs in economically distressed regions Los Angeles. The Los Angeles Enterprise Zone has been in existence since the 1980s. However, most Los Angeles business owners are unaware of the many benefits available to them and have yet to take advantage of this lucrative program.

The Los Angeles Enterprise Zone program has recently combined, expanded and renewed 4 of its local Los Angeles Enterprise Zones for the next 15 years making the Los Angeles Enterprise Zone one of the largest Enterprise Zones in the state of California.

Los Angeles Enterprise Zones now cover areas such as Hollywood, Downtown, East Los Angeles and the San Fernando Valley.  Los Angeles Enterprise Zone tax credits are available to all businesses located in any one of the Los Angeles Enterprise Zones.

Until recently, the Los Angeles Enterprise Zone also included areas like Harbor City and south central Los Angeles. Businesses located in Harbor City and other “expired” Los Angeles Enterprise Zones may still take advantage of Los Angeles Enterprise Zone tax credits on a retroactive basis only.

Los Angeles Enterprise Zone tax credits include a hiring tax credit worth up to $37,440 per qualified employee. Employees do NOT have to live in a Los Angeles Enterprise Zone in order to qualify for this credit. Terminated employees may also qualify. Sales tax paid on manufacturing and technology purchases may also be claimed as a Los Angeles Enterprise Zone tax credit. Additionally, Los Angeles has several other “local” tax credits unique to the Los Angeles Enterprise Zone program.

CLC Tax Credits helps Los Angeles based businesses capture and maximize Los Angeles Enterprise Zone tax credits. CLC Tax Credits can also facilitate the Los Angeles Enterprise Zone tax recovery process from beginning to end and deliver cash in hand.

 

Our Mission

To help our clients realize their full Enterprise Zone benefit potential as efficiently as possible.

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Get started with your free evaluation today!  Give us a call and within minutes we can help you determine your benefit amounts.