CA Competes Tax Credit Program

Please find information about the California Competes Tax Credit below.  Note that the next cycle is March 9, 2015 - April 6, 2015.  25% of the credits must go to small businesses around the state.  Kyle is available to answer your questions.

About the California Competes Tax Credit Program
The California Competes Tax Credit is an income tax credit available to businesses that want to locate in California or stay and grow in the state. Tax credit agreements will be negotiated by the Governor’s Office of Business and Economic Development and approved by the California Competes Tax Credit Committee. Each fiscal year, 25% of the available credits are reserved for small businesses. Applications are accepted online at  http://www.business.ca.gov/Programs/CaliforniaCompetesTaxCredit.aspx and there is no fee to apply.

The next application period starts March 9, 2015, and runs through April 6, 2015 ($31.1 million in income tax credits are available plus any unallocated amounts from the previous application periods)

Appropriate links to visit:

Below is a link to Frequently Asked Questions about the California Competes Tax Credit:
http://www.business.ca.gov/Portals/0/CA%20Competes/Docs/CCTC_FAQ.pdf

Below is a link to the California Competes Tax Credit Application Guide:
http://www.business.ca.gov/Portals/0/CA%20Competes/Docs/CCTC%20Application%20Guide%20Final%20-%201-27-15.pdf

More information about the Governor’s Economic Development Initiative:
http://www.business.ca.gov/Portals/0/CA%20Competes/Docs/GEDIv3.pdf


Best regards,

Kyle

Kyle Salwasser
Governor’s Office of Business and Economic Development  (Go-Biz)
1325 J Street, 18^th Floor
Sacramento, CA 95814
(916)-322-2669




Scott Hauge
President
Small Business California
2311 Taraval Street
San Francisco, CA  94116
shauge@cal-insure.com
415-680-2188