Hello All,
Please note that the Department of Taxation and Finance has posted a new Technical Services Bulletin on its website (see link) explaining the recent Empire Zones changes that all certified businesses will need to know about when filing returns for tax years beginning on or after January 1, 2008.

TSB-M-09 (5) and (4) pdf
Please note that the new law requires ESD to review all existing certified businesses to determine whether they qualify for an Empire Zone Retention Certificate (EZRC).   Every certified business seeking to claim empire zone tax credits for tax years beginning on or after January 1, 2008 will need an EZRC.  Businesses not qualifying for an EZRC will be sent decertification notices along with information on the appeals process.

We hope to complete our review and issue EZRCs as soon as possible for businesses that qualify and will keep everyone informed as the process unfolds.

In the meantime, if you are receiving phone calls from certified businesses about filing their 2008 tax returns, please refer them to the Tax Department website or email them the attached file.

Thanks, Randy 

Randal Coburn
Director
Empire Zones Program

This entry was posted on Monday, April 20th, 2009 at 2:12 pm and is filed under Uncategorized.