California Form 3553 - Enterprise Zone Employee Credit - 2013 Page 3
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5Specific Line Instructions
For information that is zone-specific but not tax-specific, you may
contact the HCD at:
Line 10 – Total enterprise zone wages are all enterprise zone wages.
DEPARTMENT OF HOUSING &
This amount is not limited to $10,500 like the amounts on line 1 and
COMMUNITY DEVELOPMENT
line 2.
DIVISION OF FINANCIAL ASSISTANCE
Line 11 – Generally, this amount will be $0 (zero dollars). However,
2020 WEST EL CAMINO AVENUE, SUITE 650
expenses that may be included on this line are employee business
SACRAMENTO, CA 95833
expenses that you paid for such as union dues, work clothes and
uniforms, tools used in your work, employment-related education
Website: hcd.ca.gov
expenses, and occupational taxes. Personal expenses such as
Telephone: 916.263.2945
commuting expenses and meals are not deductible and cannot be
Fax: 916.263.2765
included on this line. Refer to federal Publication 17, Your Federal
C Qualifications
Income Tax, or federal Form 2106, Employee Business Expense, for
more information about employee business expenses.
To qualify for this credit in 2013, you need to meet all of the following:
Line 13 – Find the amount of tax for the amount shown on line 12 by
• Performed at least 50% of your compensated work (for the employer
using the Tax Table or Tax Rate Schedules in your Form 540 or Long
located within the EZ) within the boundaries of an enterprise zone in
Form 540NR Tax Booklet. Use the same filing status you used on your
California.
Form 540 or Long Form 540NR.
• Spent at least 90% of your work time (for the employer located
Line 14 – The amount of this credit you can claim on your income
within the EZ) on activities that are directly related to the operation of
tax return may be limited further. See the credit instructions in your
the trade or business located within the EZ.
Form 540 or the Long Form 540NR Tax Booklet for more information.
• Did not work for any federal, California state, or local government.
These instructions also explain how to claim this credit on your income
Complete the Qualification Checklist on page 4 of the instructions to see
tax return. Use code 169 when you claim this credit.
if you qualify for the EZ employee credit.
D Limitations
Zone Income Limitation
You may not apply the credit toward any taxes due on income you and
your spouse/RDP earned outside the EZ or prior to the zone designation.
Income Limitations
The maximum amount of qualifying wages is $10,500 for each
enterprise zone employee. Reduce this credit by 9% (9 cents for each
dollar of income you received that is more than your qualified EZ
wages).
This credit cannot reduce regular tax below the tentative minimum tax.
Get Schedule P (540 or 540NR), Alternative Minimum Tax and Credit
Limitations, for more information. This credit is not refundable and any
unused credit may not be carried over to succeeding years.
FTB 3553 Instructions 2013 Page 3
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