Form 3805Z Enterprise Zone Deduction and Credit Summary Ftb Ca
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People also ask
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What is FTB 5805?
Use form FTB 5805, Underpayment of Estimated Tax by Individuals and Fiduciaries, to see if you owe a penalty for underpaying your estimated tax and, if you do, to figure the amount of the penalty.
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What is the purpose of an Enterprise Zone?
Enterprise zones are geographic regions that are granted special status by a government in order to encourage development and economic growth. The zones may be granted favorable tax rates, regulatory exemptions, or other incentives to encourage businesses to stay in the area or locate in it.
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Who benefits from enterprise zones?
Enterprise zones offer businesses a bundle of state and local incentives. EZ subsidies are entitlement subsidies – that is, any company that meets the qualifying criteria is eligible to collect them. Common subsidies for which an EZ company may qualify include: Property tax abatements.
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What is an enterprise zone in California?
Each Enterprise Zone is administered by its local jurisdiction working with local agencies and business groups to promote economic growth through business expansion, attraction, and retention, while providing an environment to nurture business creation as well.
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What is Zone enterprise?
A Zone Enterprise may develop and/or operate its facility or physical infrastructure for its own use; however, it cannot sublease or rent-out the facility to another Zone Enterprise. A Zone Enterprise may also apply for office space in a STZ.
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What do enterprise zones directly provide?
2 Enterprise zone programs provide tax incentives3 to businesses (and perhaps individuals) in these areas to overcome economic barriers that impede job and income growth.
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