California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 1. GENERAL |
Division 7. MISCELLANEOUS |
Chapter 12.8. Enterprise Zone Act |
Section 7085.5.
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The Franchise Tax Board shall annually make available to the department and the Legislature information, by enterprise zone and by city or county, on the dollar value of the enterprise zone tax credits that are claimed each year by businesses and shall design and distribute forms and instructions that will allow the following information to be accessible:
(a) The number of jobs for which the hiring credits are claimed.
(b) The number of new employees for which hiring credits are claimed.
(c) The number of businesses claiming each individual tax credit.
(d) The nature of the business claiming each individual tax credit.
(e) The distribution of zone tax incentives among industry groups.
(f) The distribution of zone tax incentives by the annual receipts and asset value of the business claiming each individual tax credit.
(g) Any other information that the Franchise Tax Board and the department deem to be important in determining the cost to, and benefit derived by, the taxpayers of the state.