Tax Credit Services

Geographic Based Credits

Empowerment Zones

The federal government has designated certain economically depressed "zones" as tax advantage areas. If your business is located in an Empowerment Zone (EZ) and you employ individuals living in the same area, you can earn credit against your federal tax liability up to $3,000 per qualified employee. In addition, the businesses located within the zone may be entitled to increased tax expensing of equipment purchases and tax incentives for environmental remediation.

Renewal Communities

The 2000 Community Renewal Tax Relief Act established benefits for businesses and investments in 40 distressed communities around the country to be designated as "Renewal Communities (RC)." A Renewal Community is eligible to share in an estimated $17 billion in tax incentives to stimulate job growth, promote economic development and create affordable housing.

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