The California Competes Tax Credit 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.
For fiscal year 2016-17, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:
- July 25, 2016, through August 22, 2016 ($75 million available)
- January 2, 2017, through January 23, 2017 ($100 million available)
- March 6, 2017, through March, 27, 2017 ($68.3 million plus any remaining unallocated amounts from the previous application periods)
Please refer to the Notice Fiscal Year 2016-2017 for more information.