California Form 3553 - Enterprise Zone Employee Credit - 2012 Page 2
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5Instructions for Form FTB 3553
Enterprise Zone Employee Credit
What’s New
For a conditionally designated zone, use form FTB 3553 to report
the employee credit on the wages earned while working in the new
New Enterprise Zone Designation
conditionally designated zone.
The following Enterprise Zones (EZs) received final designation in 2012:
Registered Domestic Partners (RDP)
Anaheim
For purposes of California income tax, references to a spouse, husband,
or wife also refer to a California RDP, unless otherwise specified.
Harbor Gateway Communities
Pittsburg
When we use the initials RDP they refer to both a California registered
domestic “partner” and a California registered domestic “partnership,”
At the time this form was published, only the above EZs received final
as applicable. For more information on RDPs, get FTB Pub. 737, Tax
designation. Before filing form FTB 3553, Enterprise Zone Employee
Information for Registered Domestic Partners.
Credit, go to hcd.ca.gov and search for directory of zone contacts
to find Directory of Economic Development Areas for up to date
A Purpose
information.
Use form FTB 3553:
Expired Zones
• To see if you qualify for a credit based on wages you earned while
The following zones expired in 2012.
working within the boundaries of a California EZ.
Antelope Valley
• To figure the credit, if you qualify to claim it.
Watsonville
Use Form 540 or Long Form 540NR to claim this credit.
New Conditionally Designated Zones
B Description
No zones received conditional designation for 2012.
The credit is five percent of each employee’s qualified wages for the year
At the time this form was published, no zones received conditional
(maximum credit is $525 per employee). Qualified wages are wages
designation. Before filing form FTB 3553, go to hcd.ca.gov and search
earned in the geographic areas designated as EZs. Parts of the following
for EDA for updated zone date chart information.
areas and cities are EZs:
General Information
• *A
ntelope Valley
• Anaheim
Minimum Wage
• Arvin
• Barstow
The California minimum wage is $8 per hour.
• Calexico
Conditional Designation
• Coachella Valley
Enterprise zones that receive a conditional designation from the
• Compton
Department of Housing and Community Development (HCD) are
• Delano
allowed to offer tax incentives during a zone’s redesignation period.
• Eureka
The redesignation period is the gap between the expiration date of the
• Fresno – City
old zone and the final designation of the new zone. Brand new zones
• Fresno – County
are not in a redesignation period; therefore, incentives for these zones
• Harbor Gateway Communities
begin once the zone receives its final designation as an enterprise zone.
• Hesperia
Before filing form FTB 3553, go to hcd.ca.gov and search for directory
• Imperial Valley
of zone contacts to find Directory of Economic Development Areas for
• Kings County
assistance with conditional zone jurisdictions and designation dates, and
• Long Beach
to find out if your business is in a brand new zone.
• Los Angeles – East (formerly Eastside)
• Los Angeles – Hollywood
Expired Zones
• Merced
Generally, no further EZ incentives can be generated after the expiration
• Oakland
date. Any EZ credit carryover or EZ net operating loss carryover can
• Oroville
continue to be utilized to the extent of tax on business income or
• Pittsburg
business income attributable to the former EZ.
• Pasadena
• Richmond
Filing of Form FTB 3553
• Salinas Valley
If you are working at a business located in an expired zone and in a new
• San Bernardino (formerly Agua Mansa)
zone (whether conditionally designated or final designation has been
• San Joaquin (formerly Stockton)
received), file one form FTB 3553 for the expired zone and another form
• San Jose
FTB 3553 for the new zone, to claim the EZ credits. The credit from an
• Santa Ana
expired zone can only offset against the tax on wage income earned in
• Santa Clarita Valley (formerly Santa Clarita)
the expired zone. The credit generated from a new zone can only offset
• Shasta Metro (formerly Redding/Anderson)
against the tax on wage income earned in the new zone. The amount of
• Siskiyou County (formerly Shasta Valley)
credit is limited by the amount of tax (line 13 of form FTB 3553) on wage
• Southgate – Lynwood
income earned within each EZ. But the total amount of credits generated
• Stanislaus (including Ceres, Modesto, Turlock,
from income earned within all EZs should not exceed the tax amount on
and Stanislaus County)
line 35 of Form 540, California Resident Income Tax Return, or line 42 of
• *Watsonville
Long Form 540NR, California Nonresident or Part-Year Resident Income
• West Sacramento
Tax Return.
• Yuba/Sutter
For an expired zone, use form FTB 3553 to report the employee credit
*These zones expired during the year. For more information on zone
on the wages earned while working in the enterprise zone, to the day the
expiration dates, contact the HCD.
zone expired.
Page 1 FTB 3553 Instructions 2012
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