Type of Assistance: 
Tax Credit

California Competes Tax Credit Program


Why you should apply:

Receive a tax credit for opening, growing, or relocating a business in California.

Description:

This is a credit against the tax your business normally pays the Franchise Tax Board. It has a 6 year carryover, and you must meet hiring or investment goals to continue to claim the exemption. You'll need to provide a 5 year business plan and last year's payroll records. The minimum tax credit amount is $20,000.

Apply

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