Interprise Zone Tax Deduction


M

Mern

I live and work in an Interprise Zone. I have heard there
is some sort of tax deduction for this but know NOTHING
about it. Could someone please fill me in? Thanks.
 
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G

Gene E. Utterback, EA

Mern said:
I live and work in an Interprise Zone. I have heard there
is some sort of tax deduction for this but know NOTHING
about it. Could someone please fill me in? Thanks.
First, it is an ENTERPRISE zone, not Interprise.

Second, the tax benefits associated with Enterprise zones
usually apply at the business entity level and usually
include non-income tax related tax benefits - like reduced
property taxes and other items.

Finally, the tax breaks that are available for any given
Enterprise Zone are state specific to the particular Zone
and don't usually apply to all zones, and certainly wouldn't
apply to all zones in all states.

You should check with your state revenue department to see
what is available in your zone.

Gene E. Utterback, EA
 
H

Harlan Lunsford

Mern said:
I live and work in an Interprise Zone. I have heard there
is some sort of tax deduction for this but know NOTHING
about it. Could someone please fill me in? Thanks.
ENTERPRISE credits are mostly always accorded the company
operating within the zone, and not to employees.

Cheer$,
Harlan Lunsford, EA n LA
 
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B

BMS

Mern said:
I live and work in an Interprise Zone. I have heard there
is some sort of tax deduction for this but know NOTHING
about it. Could someone please fill me in? Thanks.
The only deduction or credits for Enterprise Zones that I am
aware of is for businesses and they get them as part of
locating within these zones by the local authority.
 

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