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Business Incentives - Enterprise Zone
The Santa Ana Enterprise Zone encompasses more than 7,100 acres of industrial and commercial land. On June 8, 1993, the City of Santa Ana was designated as an Enterprise Zone (EZ) by the State of California. Businesses already in the zone can qualify for benefits, as well as new businesses relocating or expanding into Santa Ana's EZ. To find out if you are in the Enterprise Zone Click Here.
Tax Benefits include:
Hiring Credit
Your company can receive over $37,440 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 Santa Ana W/O/R/K Center.
To see if your employees are located in the Target Employment Area click here.
To receive the Hiring Tax Credit, employees must fill out the EZ Voucher Application. There is a $40 fee per application and the check made payable to: City of Santa Ana. Applications and fee can be mailed to:
City of Santa Ana
Attn: Enterprise Zone
20 Civic Center Plaza, M-25
Santa Ana, CA 92701
Enterprise Zone Voucher Applications
EZ Voucher Application - English
EZ Voucher Application - Spanish
Income Verification Worksheet
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.
Business Expense Deduction
Part of the cost of certain property purchased for exclusive use in the Enterprise Zone may be deducted as a business expense in the first year it is placed in service. (Amount of deduction changes annually, call for current value.)
Net Operating Loss Carryover
Up to 100% Net Operating Loss (NOL) for individuals or corporations doing business in the Enterprise Zone may be carried over for up to 15 years to reduce the amount of taxable income generated within the Enterprise Zone for those years. (Suspended for tax years 2002 and 2003)
Net Interest Deduction for Lenders
A deduction from income is allowed on the amount of "net interest" earned on loans made to a trade or business located exclusively in the Enterprise Zone.
For more information contact:
Ray White
Enterprise Zone Representative
714-647-5384
Rwhite@santa-ana.org
