March 25, 2014

Companies in Merced County still have time to get Enterprise Zone program tax credits

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A statewide program that offered tax incentives to Merced County businesses who hired certain employees within a designated area was eliminated last year, but county officials say there’s still time to take advantage of its tax credits. The Merced Regional Enterprise Zone program gave businesses located in the zone a tax credit when they hired people with certain barriers to employment. These include disabled workers, those living in targeted areas, unemployed veterans, released convicts or those receiving public assistance. Although the program was cut Dec. 31, officials said businesses have until the end of this year to get credits for qualified workers hired before then. Businesses can also amend their tax returns for the past three years to use the credits. Read More

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