California Competes Tax Credit (CCTC)
California
Eligibility?
Indirectly Eligible
Overview
California
Incentive Type
California Competes Tax Credit (CCTC)
Benefit Type
Effective Date
January 1, 2013 at 7:00:00 AM
Official Identifier
June 30, 2033 at 8:00:00 AM
State
Incentive Details
Incentive Description
Provides a negotiated California income tax credit to businesses that locate, remain, expand, or relocate operations in California. Tax credit awards are competitively allocated by GO-Biz based on commitments to create and retain full-time jobs, make private capital investments, and generate economic benefits for the state.
Key Provisions
• Open to any industry, size or location
• $180m in tax credits
• Applications are evaulated on multiple criteria includeing jobs created, capital invested, economic impact
Benefit Type
Program authorized through June 30, 2033.