Deadline approaching for California Competes Tax Credit for Businesses
As a reminder, the Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).
There is $75 million in tax credit available during this application period for businesses that are expanding and adding full-time jobs in the state. The deadline to submit applications is Monday, January 27, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed. The online application can be accessed at www.CalCompetes.CA.Gov.
Members of the CCTC team are available to provide technical application assistance. In addition, an application guide, Frequently Asked Questions (FAQs), and program regulations are available at www.Business.CA.Gov/CalCompetes.aspx. For applicants that are reapplying, the FAQs include instructions on how to copy information from a previously submitted application.
If you have any questions regarding the CCTC program or application process, please call (916) 322-4051 or email CalCompetes@GoBiz.CA.Gov.