Businesses of any industry, size, or location compete for over $180 million
available in tax credits by applying in one of the three California Competes Tax Credit (CCTC) application periods each year. A tax credit is an amount of money that gets subtracted from the total amount of taxes you have to pay each year. Receiving this credit can save your business thousands of dollars when you go to file your taxes.
Applicants are analyzed based on fourteen different factors of evaluation, including but not limited to:
- Number of full-time jobs being created
- Amount of investment
- Strategic importance to the state or region