Changes to carryovers of repealed enterprise zone credits.

• Position: FTBnews - Brief article

Assembly Bill 93, signed into law July 11, 2013, repeals all enterprise zones as of Jan. 1, 2014. Another major change limits any credit carryovers for qualified employers, including entity flow-through owners, to 10 years for taxable years beginning on or after Jan. 1, 2014. Qualifying and vouchered employees hired prior to Jan. 1, 2014, will continue to generate credits for any remaining portion of the 60-month period from the...