The Center of the California Enterprise Zone Information Universe

SB 974 Amendments

SB 974 has been amended to include the suggestions made by the Rev. & Tax. Committee.

The most significant changes for the Enterprise Zone issues are extending the time for submitting a voucher from 21 days to 28 days; extending the time for the taxpayer to obtain the voucher to 42 days; and clarifying that the elimination of the TEA category and the 28/42 day requirements apply only to “any qualified employee who commences employment on or after January 1, 2011.”

Of course, these changes would make it completely impractical to implement the program. Are there any zones processing vouchers in 14 days?

The bill will be heard in Senate Appropriations on May 24.

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