The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Income Tax Credit from March 9 through March 30. New businesses that intend to operate in California, as well as businesses that intend to remain and expand in the Golden State are eligible to apply. Businesses of all sizes are invited to apply for these competitively awarded funds. Businesses must request a minimum amount of $20,000 to be considered. If awarded, this non-refundable tax credit can only be applied to income tax owed to the Franchise Tax Board.
Learn how to apply and get started today by clicking the link below.