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Tax CreditCaliforniaActiveVerified

California Competes Tax Credit (CCTC)

California Governor's Office of Business and Economic Development (GO-Biz)CA-CCTCRefreshed 23 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$10.0M

per applicant

Type

Tax Credit

Reduces tax liability

Deadline

Rolling

No fixed cutoff

Timing

Annual tax return

Claim with year-end filing

Complexity

Moderate

File with tax return

About This Program

Negotiated income tax credits for businesses that grow in California and create new jobs. Over $180M available annually through three competitive application periods per year. Credits range from $1,000 to $100,000+ per net new job created.

Key Requirements & Eligibility

  • 1Business must be located in or relocating to California
  • 2Must commit to creating new full-time jobs above minimum wage threshold
  • 3Apply during one of GO-Biz's 3 annual application windows
  • 45-year compliance period with annual job and wage reporting
  • 5Priority for businesses in high-unemployment areas and targeted industries

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must be located in or relocating to California

2.Must commit to creating new full-time jobs above minimum wage threshold

3.Apply during one of GO-Biz's 3 annual application windows

4.5-year compliance period with annual job and wage reporting

5.Priority for businesses in high-unemployment areas and targeted industries

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Official Source