(RIVERWOODS, ILL., September 10, 2007) – Subscribers to the Tax Zone Locator on the CCH® Tax Research NetWork™ now have one-stop access to the complete range of lucrative business incentives available in California under the recent extension of the California Enterprise Zone program. The Tax Zone Locator is made possible by a partnership between CCH, a Wolters Kluwer business and a leading provider of tax, audit and accounting information (CCHGroup.com), and the noted consulting firm, National Tax Credit Group, LLC (NTCG).
With expansion of the California Enterprise Zone program for 21 cities or regions, the addition of three new zones beginning in 2007 and the division of some existing zones, there are now over 126 separate sets of business and employee address databases under the California state program.
“The databases are generally maintained by over 45 independently run Zone Coordinators, but subscribers can gain detailed access to information on all old and new California Zones quickly and easily with the Tax Zone Locator,” said Angela Darrow, CCH product manager.
“Fewer than half of the states with tax zone incentives have detailed information on their web sites, and even fewer are available at the web sites of counties and cities with tax zones,” Darrow added, “But the Tax Zone Locator makes finding what you need as simple as typing in an address.”
Version 2.0 of the Tax Zone Locator also reflects the provisions of the “US Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007,” which includes a 44-month extension of the Work Opportunity Tax Credit (WOTC) through August 31, 2011 and several other very important program enhancements.
About the Tax Zone Locator
The Tax Zone Locator by NTCG provides detailed information on federal location-based tax incentives zones such as Empowerment Zones, Renewal Communities and Indian Tribal Land, as well as state Enterprise Zones for both pre-qualification and non-pre-qualification states. The Tax Zone Locator also provides a Zone Forms and Instructions Library and a Zone Coordinator Contact Database.
The coverage includes valuable location-based hiring credits; sales and use tax credits and exemptions; property tax credits and incentives; income and franchise tax credits; and investment credits.
Due to the historical complexities of identifying the eligibility for, and calculation of, these federal, state and local incentives, generally fewer than 10 percent of taxpayers or their CPAs claim these valuable benefits.
“With the Tax Zone Locator, there is no excuse for leaving this money on the table,” Darrow said. “These tax breaks can offer private and publicly traded businesses with a significant competitive advantage as a result of: lower effective tax rates, lower after-tax equipment and/or labor costs, increased tax refunds and improved cash flow, while improving the communities they operate in.”
For More Information
For more information or to subscribe to the Tax Zone Locator, call a CCH sales representative at 1-888-CCH-REPS (1-888-224-7377) or visit CCHGroup.com.
About National Tax Credit Group, LLC
NTCG is a leading provider of comprehensive incentive tax credit and exemption address screenings for businesses throughout California and the United States. NTCG was founded by a group of leading tax experts, University Professors and former Big 4 Partners, Senior Managers and Consultants. Through the use of proprietary software, NTCG provides comprehensive, and cost-effective location-based tax incentive screening and consulting services to the financial services community.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, audit and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market-leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has 2006 annual revenues of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.
