California Competes Tax Credit Applications Open
The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.
For fiscal year 2023-2024, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:
January 2, 2024 – January 22, 2023
March 4, 2024 – March 18, 2024
Click here for more details!
Transportation and Manufacturing Sales and Use Tax Exemption
The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) supports California's mission to provide financial incentives to cutting-edge companies by offering a sales and use tax (STE) exclusion to manufacturers that promote alternative energy and advanced transportation. These manufacturers create tens of thousands of high-paying, permanent jobs that bolster the state's economy. The STE Program is currently authorized through 2025.
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