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Measuring our value by the tax dollars we save. |
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Hromiko & Associates, LLC |
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The State of California provides special tax incentives only for banks and other lenders. Financial institutions that invest in Enterprise Zones may claim a tax deduction against their California taxable income. The amount of deduction is based on the amount of interest the institution earns from Enterprise Zone businesses. Identifying qualifying loans to businesses within the state’s 42 Enterprise Zones is a serious challenge. Thousands of opportunities lie unrealized among current and retired loan accounts. We can help lenders identify and benefit from these opportunities. |
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Net Interest Deduction for Lenders |
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Hromiko & Associates, LLC has developed proprietary technology that securely processes loan account data to identify the loans that qualify for the Net Interest Deduction. We provide a full range of tax incentive services to financial institutions. Banks located within a California Enterprise Zone are also eligible for the Hiring Credit and Sales and Use Tax Credit, in addition to federal tax incentives. |
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We invite you to contact us: Hromiko & Associates, LLC Po Box 60732 Sacramento, CA 95821
Phone: (916) 284-8001 Fax: (916) 290-0345 E-mail: inquire@hromiko.com |
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Copyright 2006 by Hromiko & Associates, LLC Updated 8-20-2007 |