California Compete State Tax Credit Available to Businesses

The California Competes Tax Credit (CCTC) is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size, or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on fourteen different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.

The agenda for the June 13, 2024 California Competes Tax Credit Committee meeting is now available online here.  This agenda includes California Competes Tax Credit (CCTC) agreement recommendations for applications received from March 4, 2024 – March 18, 2024.

MORE INFORMATION HERE