Alert

California to Kick-Off 2017 with $100 Million for California Competes Tax Credit

December 6, 2016

The California Governor’s Office of Business and Economic Development (GO-Biz) is authorized to negotiate its remaining $170-plus million in tax credits for the 2016–2017 fiscal year via the California Competes Tax Credit (CCTC). The first application period will see $100 million become available starting January 2, 2017.

Any company with plans to grow can apply—regardless of size or industry or location—during the periods below.

Application Periods table

The CCTC is available to businesses currently located in California that are thinking about expanding their business as well as those planning to start or relocate operations in the state.

Since 2014, GO-Biz has awarded approximately $400 million to nearly 600 companies, helping to create over 60,000 California jobs and $13.5 billion in investments.

We're Here to Help

Since the CCTC’s inception in 2014, we’ve helped clients access close to $10 million in CCTC awards by assisting with the highly competitive application process. With more than $170 million in remaining credits up for award in 2017 and another $200 million in 2017–2018, we encourage you to learn more about the process. Visit our CCTC Web page for more information, or email us at statetax@mossadams.com.

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