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Posted on: February 25, 2019

California Competes Tax Credit Application Period Now Open

The Governor's Office of Business and Economic Development (GO-Biz) is accepting applications for the California Competes Income Tax Credit now until March 25. This tax credit is awarded to businesses that enable or incentivize creation of new full-time jobs. Seventy-four million dollars ($74 million) is available for the current funding cycle. The tax credit can be used to offset a business’ state income tax owed. There are no fees to apply for this tax credit. New businesses seeking to operate in California, as well as businesses wishing to remain and expand in the Golden State are eligible to apply. Businesses of all sizes are invited to apply. More information is available by clicking here.

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