tax credit specialists
in association with Tracs Group


  • Net Interest Deduction

    A deduction from income is allowed for the amount of “net interest” received from loans made to a trade or business located in the Enterprise Zone. The lender is not required to be located within the Zone.

    Some Requirements:

    • Funds must be loaned after the Enterprise Zone was designated.

    • Loan must be made to a business located solely within the Enterprise Zone.

    • Loan proceeds must be used only for the trade or business activities within an Enterprise Zone.

    • Lender may not have any type of ownership interest in the business.

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