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. Tax credit agreements will be 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, one appointee each by the Speaker of the Assembly and Senate Committee on Rules. 

Updates

For fiscal year 2014-15, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:

  • September 29, 2014, through October 27, 2014 ($45 million available)
  • January 5, 2015, through February 2, 2015 ($75 million available)
  • March 09, 2015, through April 6, 2015 ($31.1 million available plus any unallocated amounts from the previous application periods)

Please refer to the “Notice California Competes Tax Credit” under the Documents section below for more information.

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Overview Video