Cal Competes Tax Credit

Cal Competes Tax Credit
 
The California Competes Tax Credit is an income tax credit available to businesses that want to locate or stay and grow in California. 

About the Credit 

  • 25% Reserved for small businesses
  • Available for all industries
  • Online application
  • No fee to apply
Application Periods:
  • July 24, 2017, to August 21, 2017 
  • January 2, 2018, to January 22, 2018
  • March 5, 2018, to March 28, 2018

    Evaluation Factors

    • Number of jobs created or retained
    • Strategic importance to the state, region, or locality
    • Amount of investment
    • Incentives available from in-state, or of state, and federal government sources
    • Opportunity for future growth and expansion
    • Compensation paid to employees, including wages and fringe benefits
    • Extent of unemployment and poverty in current or proposed site location
    • Economic impact
    • Duration of the proposed project and duration of applicant's commitment to remain in California
    • Extent to which the benefit to California exceeds that of the applicant

    Instructions/FAQs: www.business.ca.gov/calcompetes.aspx Apply Here: www.calcompetes.ca.gov

    Cal Competes Tax Credit Flyer