The Governor’s Office of Business and Economic Development is now accepting applications for the California Competes Tax Credit (CCTC). The CCTC is an income tax credit available to businesses who want to come, stay, or grow in California. Tax credit agreements are negotiated by GO-Biz and approved by a statutorily created “California Competes Tax Credit Committee,” consisting of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz, and one appointee each by the Speaker of the Assembly and Senate Committee on Rules.
The deadline to submit an application is Monday January 23rd, at 11:59 pm (PT). Program regulations, an application guide, and Frequently Asked Questions (FAQs) are available here. The online application can be accessed here.
Businesses interested in learning more about the CCTC can participate in a free online webinar: Wednesday, January 18, 2017: 10:30 a.m. – 11:30 a.m. Details and Registration.
For more information, please call 916.322.4051 or email email@example.com.