New Rancho Cordova Enterprise Zone

New Rancho Cordova Enterprise Zone

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Businesses within enterprise zones are eligible for substantial tax credits and benefits:

Firms can earn $37,440 or more in state tax credits for each qualified employee hired.

Corporations can earn sales-tax credits on purchases of $20 million per year of qualified machinery and machinery parts.

Up-front expensing of certain depreciable property.

Lenders to zone businesses can receive a net interest deduction.

Unused tax credits can be applied to future tax years.

Enterprise zone companies can earn preference on state contracts.

Up to 100 percent net operating loss carry-forward up to 15 years

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