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Enterprise Zone

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Stanislaus Enterprise Zone

In . The . Zone

Effective November 16, 2005 - 2020
Read: EZ Letter of Date Designation

Who Qualifies?

  • Existing and expanding businesses within the zone
  • New business locating within the zone

What are the incentives?

Modesto along with its partners are here to encourage economic and community development, and maintain a business-friendly climate.  See if your facility or business falls within the boundaries of the EZ or within the address range listing.  The TEA address listing is also available here.

The following incentives are available through the State of California, from which the following summary was obtained (Printable Fact Sheet):

Hiring Tax Credits

EZ businesses can earn up to $31,574 in State tax credits for each qualified or voucher employee hired over a five-year period.  Refer to The Alliance for information about eligibility criteria for determining whether an employee qualifies for this credit." They can also be reached at (209) 523-ZONE (9663).

Sales and Use Tax Credit

EZ businesses may receive the sales or use tax credit for the purchase of manufacturing or processing machinery, data processing and equipment used in the EZ.  Individuals, partnerships, subchapter S corporations, and limited liability companies can claim a credit on the first $1,000,000 of qualifying purchases per year, while corporations can claim credit on the first $20,000,000 of purchases per year.

Business Expense Deduction

Up front expensing of certain depreciable property can be claimed.

Preference Points

EZ businesses can earn preference points on state contracts.

Operating Loss Carryover

Up to 100% of the Net Operating Loss may be carried forward for up to 15 years.

Net Interest Deduction

Lenders to EZ businesses may receive a net interest deduction.

Unused Tax Credits

Unused tax credits can be applied to reduce future tax liability.

In addition to the incentives offered from the State of California, Modesto offers the following incentives:

Local Incentive Zone

Expanding businesses zoned for manufacturing or business park uses may be eligible for rebates.  For more information refer to Local Incentive Zone

CFF Deferral

Businesses constructing new facilities may be eligible for a deferral of the CFF fee and contract for a payment schedule over a 10 year period.  For more information refer to CFF Deferrals

For more information regarding the Stanislaus Enterprise Zone please call (209) 571-5566.

 
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