No new enterprise zone regulations? That is correct.
Actually, this is good news, all things remaining equal. Now that California’s Enterprise Zone program is set to expire, we have been asking ourselves, “What about the new vouchering regulations?” The last time we heard, they were in their final phases of completion by the Department of Housing and Community Development (HCD).
According to Eric Johnson, spokesperson for HCD, the enterprise zone regulations are now being set aside in anticipation of new tax-incentive programs spelled out by Assembly Bill 93 last week.
“At the same time [AB 93] was making its way through the legislature, the California Department of Housing and Community Development (HCD) was working on proposed policy changes to the Enterprise Zone program. Eric Johnson, spokesperson for HCD, told the Business Journal the department will cease this work and wait for direction from the governor on how to move forward with replacing the Enterprise Program with AB 93 regulations. ‘We are looking forward to seeing how this new program plays out and what our role in it might be,’ Johnson said.”
We can rest easy knowing that the rules will not change again as employers ride the expiring enterprise-zone employee vouchering program down to it’s grave in 2014.
Read more in the Long Beach Business Journal.
The post End of CA EZ Program Leaves Pending Regulatory Changes Dead In Water appeared first on WOTC Planet.
