California Competes Tax Credit
The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Any business can apply for the California Competes Tax Credit. The credit is available statewide to all industries.
How much in tax credits will be available each year?
The tentative amount of credits that GO-Biz can allocate is as follows:
• $30 million in fiscal year 2013/14.
• $150 million in fiscal year 2014/15.
• $200 million in each fiscal year 2015/16 through 2017-18
For fiscal year 2013/2014, the application deadline was April 14th. GO-Biz will announce future application periods prior to July 1 of each year.
For more information please visit GO-Biz website.