An abundance of tax credits, exemptions, and incentives are available to entities developing and or operating in the San Francisco Bay Area. Many of them are unique to the location, and include -
SF Clean Technology Payroll Tax Exclusion. The City of San Francisco provides a payroll tax exclusion for up to 10 years to clean technology companies located in the City. Any business that employs between 10 and 99 employees is eligible for the payroll tax exclusion.
SF Enterprise Zone (EZ) Payroll Tax Credit. The local Enterprise Zone program enables businesses located in targeted locations of the City to reduce their payroll tax expense for qualified employees. The tax credit is for new jobs created on or after January 1, 1992.
California Enterprise Zone (EZ) Tax Credits & Incentives. The State of California EZ program helps businesses reduce their state income tax liability through hiring tax credits, business expense deductions, accelerated depreciation, and a 15-year carry-over of up to 100% of net operating losses. Eligible businesses must be located in designated Enterprise Zone areas.
Federal Work Opportunity Tax Credit (WOTC). The Work Opportunity Tax Credit is an income tax credit for employers who hire employees from eligible groups including youth, ex-offenders, and public assistance recipients.
Federal Historic Preservation Tax Credit. The US Department of the Interior supports the preservation of historic buildings through federal tax incentives, including a 20% tax credit for the certified rehabilitation of historic structures, and a 10% tax credit for the rehabilitation of non-historic buildings built before 1936.
Federal Renewal Community (RC) Tax Credits & Incentives. San Francisco businesses are eligible to receive wage credits, tax deductions, capital gains exclusions and bond financing to stimulate economic development and job growth in locally designated Federal Renewal Community zones.
For more information contact:
Brendan O'Meara, Maritime Marketing Manager
ph: 415-274-0458 • fax: 415-274-0528
Port of San Francisco | Pier 1, The Embarcadero | San Francisco, CA 94111