California Form 3553 - Enterprise Zone Employee Credit - 2011 Page 3
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5B Description
C Qualifications
The credit is five percent of each employee’s qualified wages for the year
To qualify for this credit in 2011, you need to meet all of the following:
(maximum credit is $525 per employee). Qualified wages are wages
• Performed at least 50% of your compensated work (for the employer
earned in the geographic areas designated as EZs. Parts of the following
located within the EZ) within the boundaries of an enterprise zone in
areas and cities are EZs:
California.
ntelope Valley
• Spent at least 90% of your work time (for the employer located
• A
• Arvin
within the EZ) on activities that are directly related to the operation of
• Barstow
the trade or business located within the EZ.
• Calexico
• Did not work for any federal, California state, or local government.
• Coachella Valley
Complete the Qualification Checklist on page 3 of the instructions to see
• Compton
if you qualify for the EZ employee credit.
• Delano
D Limitations
• Eureka
• Fresno – City
Zone Income Limitation
• Fresno – County
You may not apply the credit toward any taxes due on income you and
• Hesperia
your spouse/RDP earned outside the EZ or prior to the zone designation.
• Imperial Valley
Income Limitations
• Kings County
The maximum amount of qualifying wages is $10,500 for each
• Long Beach
enterprise zone employee. Reduce this credit by 9% (9 cents for each
• Los Angeles – East (formerly Eastside)
dollar of income you received that is more than your qualified EZ
• Los Angeles – Hollywood
wages).
• Merced
• Oakland
This credit cannot reduce regular tax below the tentative minimum tax.
• Oroville
Get Schedule P (540 or 540NR), Alternative Minimum Tax and Credit
• Pasadena
Limitations, for more information. This credit is not refundable and any
• Richmond
unused credit may not be carried over to succeeding years.
• Salinas Valley
• San Bernardino (formerly Agua Mansa)
Specific Line Instructions
• San Joaquin (formerly Stockton)
• San Jose
Line 10 – Total enterprise zone wages are all enterprise zone wages.
• Santa Ana
This amount is not limited to $10,500 like the amounts on line 1 and
• Santa Clarita Valley (formerly Santa Clarita)
line 2.
• Shasta Metro (formerly Redding/Anderson)
Line 11 – Generally, this amount will be $0 (zero dollars). However,
• Siskiyou County (formerly Shasta Valley)
expenses that may be included on this line are employee business
• Southgate – Lynwood
expenses that you paid for such as union dues, work clothes and
• Stanislaus (including Ceres, Modesto, Turlock,
uniforms, tools used in your work, employment-related education
and Stanislaus County)
expenses, and occupational taxes. Personal expenses such as
• Watsonville
commuting expenses and meals are not deductible and cannot be
• West Sacramento
included on this line. Refer to federal Publication 17, Your Federal
• Yuba/Sutter
Income Tax, or federal Form 2106, Employee Business Expense, for
No zones expired during 2011. For more information on zone expiration
more information about employee business expenses.
dates, contact the HCD.
Line 13 – Find the amount of tax for the amount shown on line 12 by
For business eligibility or zone related information, including questions
using the Tax Table or Tax Rate Schedules in your Form 540 or Long
regarding EZ geographic boundaries, contact the HCD or the local zone
Form 540NR Tax Booklet. Use the same filing status you used on your
program manager in which the business is located. Go to hcd.ca.gov
Form 540 or Long Form 540NR.
and search for directory of zone contacts to find Directory of Economic
Line 14 – The amount of this credit you can claim on your income
Development Areas.
tax return may be limited further. See the credit instructions in your
For information that is zone-specific but not tax-specific, you may
Form 540 or the Long Form 540NR Tax Booklet for more information.
contact the HCD at:
These instructions also explain how to claim this credit on your income
DEPARTMENT OF HOUSING &
tax return. Use code number 169 when you claim this credit.
COMMUNITY DEVELOPMENT
DIVISION OF FINANCIAL ASSISTANCE
ENTERPRISE ZONE PROGRAMS
1800 THIRD STREET SUITE 390
SACRAMENTO CA 95811
Mailing address
PO BOx 952054 MS 390-1
SACRAMENTO CA 94252-2054
Website: hcd.ca.gov
Telephone: 916.322.1554
Fax: 916.327.6660
FTB 3553 Instructions 2011 Page 2
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