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  • Taxable Year 2015 Enterprise Zone Deduction And Credit Summary Attach To Your California Tax Return

Get Taxable Year 2015 Enterprise Zone Deduction And Credit Summary Attach To Your California Tax Return

TAXABLE YEAR 2015 Enterprise Zone Deduction and Credit Summary Attach to your California tax return.. CALIFORNIAFORM 3805Z SSN or ITIN CA Corporation no. FEIN Name(s) as shown on your California tax.

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California allows deductions for home mortgage interest on mortgages up to $1 million plus up to $100,000 in equity debt.

Limitation on deduction of business interest – Under federal law, every business, regardless of its form, is generally subject to a disallowance of a deduction for net interest expense in excess of 50% of the business's adjustable taxable income. California does not conform.

Established by the California Trade & Commerce Agency in 1984, the Enterprise Zone Program is a tax saving incentive designed to stimulate growth and development in selected areas within California. This program promotes the creation of new jobs, attracts new businesses, and retains businesses in particular areas.

The amount of business interest expense disallowed as a deduction in the current year under section 163(j) is carried forward to the next taxable year (a "disallowed business interest expense carryforward").

Printable 2022 California Form 3805-Z (Enterprise Zone Deduction and Credit Summary)

& Tax Code section 24345, the state does not allow a corporation income (franchise) tax deduction for any taxes on, or measured by, income imposed by any taxing jurisdiction.

Use form FTB 3461 to compute the excess business loss. Taxpayers can not deduct an excess business loss in the current year. However, for California purposes, the excess business loss will be treated as an excess business loss carryover instead of an NOL carryover for the subsequent taxable year.

The purpose of adding IRC §163 was to limit the deductibility of interest paid or accrued by United States (US) and certain foreign corporations to related persons in situations where all or a portion of such interest is exempt from US tax. California conforms to IRC §163 except as otherwise provided by California law.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232