Anaheim’s Enterprise Zone Designation Effective Feb. 1, 2012

Anaheim, CA - The City of Anaheim is pleased to announce its Enterprise Zone designation will be effective Feb. 1.  The Enterprise Zone program, established by the State of California, serves to stimulate economic growth by providing tax credits for businesses located within the Enterprise Zone boundaries.

In Anaheim the Enterprise Zone boundaries include nearly all of the City’s industrial and commercial areas, and approximately 80% of all Anaheim businesses.  The Enterprise Zone designation is for 15 years.

The Anaheim Enterprise Zone will provide benefits to businesses including the following –

- Firms can earn up to $37,440 in state tax credits for each qualified employee hired.
- Corporations can earn sales tax credits on purchases of up to $20 million per year of qualified machinery and machinery parts.
- Up-front expensing of certain depreciable property.
- Lenders to Zone businesses may receive a net interest deduction.
- Unused tax credits can be applied to future tax years, stretching out the benefit of the initial investment.
- Enterprise Zone companies can earn preference points on state contracts.
- Up to 100% Net Operating Loss (NOL) carry-forward. NOL may be carried forward 15 years.

The link to the Enterprise Zone boundary map can be located by clicking here.