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New tax credits may benefit Lodi businesses

Credits are intended to replace enterprize zones, boost hiring and growth

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Posted: Wednesday, November 20, 2013 12:00 am

Lodi manufacturers and other businesses will be able to take advantage of two new state tax credit programs starting in July 2014 that are designed to foster economic development and job growth throughout California.

The tax credits — which include a sales and use tax exemption and a credit for hiring new employees — are designed to help replace the state’s enterprise zones, which will cease to exist at the end of the year. Lodi is in the San Joaquin County Enterprise Zone.

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