CA Competes

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The California Competes Tax Credit is a negotiated income tax credit specifically targeted for businesses conducting any of the following:

  • Hiring new full-time employees in California
  • Expanding company operations in California
  • Relocating business operations in California
  • Contemplating leaving California

California awards credits on the basis of several factors including:

  • Number of full-time jobs created
  • Compensation paid to employees
  • Amount of new capital investment
  • Business economic impact

For fiscal year 2016-17, GO-Biz will accept applications for the California Competes Tax Credit during the following periods:

Application Periods:

July 25, 2016 - August 22, 2016
Credit Available: $75 million available

January 2, 2017 - January 23, 2017 
Credit Available: $100 million available

March 6, 2017 - March 27, 2017
Credit Available: $68.3 million plus any remaining unallocated amounts from the previous application periods

Fiscal year ending June 30, 2017, and June 30, 2018, has an original credit award budget of $200 million each.  California has not published the application periods for these fiscal years, but there are typically three application periods each fiscal year. 

HCVT has successfully navigated through the California Competes Tax Credit application process to secure credits for its clients.  

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