San Diego Enterprise Zone

The San Diego Enterprise Zone was introduced over a decade ago. The San Diego Enterprise Zone program is designed to keep businesses and employers in California and to continue to provide jobs in economically challenged and distressed areas of the city of San Diego. The San Diego Enterprise Zone has undergone several large expansions over the past decade. Almost the entire city of San Diego is now part of the San Diego Enterprise Zone program.

San Diego Enterprise Zone management recently sent out a press release informing business owners that as of November 2009 the San Diego Enterprise Zone had undergone a “boundary modification.” This modification is retroactive to 2006, which gives businesses located in these “new” parts of the San Diego Enterprise Zone the ability to retroactively recover income tax paid in 2006, 2007 and 2008.

San Diego Enterprise Zone tax credits are available to all businesses located in both the old and new parts of the San Diego Enterprise Zone. Some of these credits include a hiring tax credit for any employee “hired” in the last 6 years. Employees do NOT have to live in the San Diego Enterprise Zone to qualify for this credit.  Additionally, sales tax paid on any manufacturing or technology equipment purchases may also be claimed as a San Diego Enterprise Zone tax credit.

The San Diego Enterprise Zone program requires specialization in order to maximize available benefit. CLC Tax Credits simplifies the San Diego Enterprise Zone program for businesses and tax preparers alike. CLC Tax Credits performs a thorough on-site Enterprise Zone analysis for businesses thereby ensuring employers accurately identify all eligible employees and qualify any manufacturing equipment purchases and technology investments. Additionally, CLC Tax Credits can provide amendments necessary to retroactively apply San Diego Enterprise Zone tax credits and recover any state income tax overpayments.