California Competes Tax Credit

ABOUT:

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 twelve different factors of evaluation, including number of full-time jobs being created, amount of investment, and strategic importance to the state or region.

APPLICATION PERIODS:

A total of $284,707,469 in California Competes Tax Credit is available for allocation in the 2021-2022 fiscal year. Applications for the California Competes Tax Credit will be accepted online at www.calcompetes.ca.gov during the following periods:

  • July 26, 2021, through August 16, 2021 ($100 million available)
  • January 3, 2022, through January 24, 2022 ($95 million available)
  • March 7, 2022, through March 28, 2022 ($89.7 million plus any remaining unallocated amounts from the previous application periods

Application instructions, FAQs, and other technical assistance documents are available at https://business.ca.gov/california-competes-tax-credit/.

If you have any questions regarding the CCTC or application process, please contact our office at (916) 322-4051 or send an email to  [email protected].