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Understanding the New Employment Credit and Repeal of Enterprise Zone Credits in California

The New Employment Credit (NEC) replaces the Enterprise Zone credits, offering a fresh opportunity for qualified taxpayers operating within designated geographic areas. With a looming certification deadline and specific eligibility criteria concerning full-time employees and qualified wages, businesses must act swiftly to secure their tentative credit reservations. It's essential to explore available resources, including maps of designated areas and guidance on exclusions for small businesses or specific disqualified businesses. For more details, visit FTB.CA.GOV.

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Understanding the New Employment Credit and Repeal of Enterprise Zone Credits in California

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  1. New employment credit

  2. Repeal of enterprise zone credits

  3. Certification Deadline

  4. Repeal of enterprise zone credits Limited by Enterprise Zone income.

  5. New jobs credit

  6. New employment credit

  7. New Employment Credit FTB.CA.GOV

  8. New Employment Credit

  9. New employment credit

  10. New employment credit

  11. Qualified taxpayer

  12. Designated Geographic Area Link to Designated Area Maps available at FTB.CA.GOV.

  13. DGA mapping tool FTB.CA.GOV

  14. Excluded businesses

  15. Small business exclusion Disqualified business may still qualify if: This exception not applicable to sexually oriented business.

  16. Qualified Full-Time employees

  17. Qualified Full-Time employees

  18. Employee qualifications

  19. Qualified wages

  20. Tentative Credit reservation

  21. Questions?

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