California Governor Jerry Brown signed legislation in July that repealed the state’s Enterprise Zone program (and all of the state’s other Economic Development Areas (EDA) programs). Additional “clarifying” legislation was signed in September, outlining an orderly demise for the programs.
Today, the California Franchise Tax Board (FTB) issued updated Frequently Asked Questions (FAQs) on the agency’s website. The page now reflects the changes and clarification added by the most recent legislation. If it’s important to you, I suggest you click through and look them over.
