The California Competes Tax Credit is a negotiated income tax credit specifically targeted for businesses conducting any of the following:
California awards credits on the basis of several factors including:
GO-Biz will accept applications for the California Competes Tax Credit during the following periods:
Application Periods:
July 27, 2020 - August 17, 2020
Credit Available: $80 million available
January 4, 2021 - January 25, 2021
Credit Available: $80 million available
March 8, 2021 - March 29, 2021
Credit Available: $71.1 million plus any remaining unallocated amounts from the previous application periods
HCVT has successfully navigated through the California Competes Tax Credit application process to secure credits for its clients.
Learn more about the program here.
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