Deadline Approaching for California’s New Employment Credit

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Beginning January 1, 2014, California has replaced the Enterprise Zone Hiring Credit with the New Employment Credit and the California Competes Credit, each of which may be used to offset the Personal Income Tax and Corporation Tax. For more information, today, Pillsbury attorneys Michael J. Cataldo, Jeffrey M. Vesely, Kern H. O. Matsubara, Annie H. Huang and Paul T. Casas published their advisory titled Deadline Approaching for California’s New Employment Credit, which discusses the New Employment Credit.

Additional Sources: Pillsbury Advisory, GO-Biz Finalizes Proposed California Competes Tax Credit Regulations (Feb. 11, 2014); Pillsbury Advisory, GO-Biz Releases California Competes Tax Credit Draft Proposed Regulations (Dec. 4, 2013)