Workshop to Explain CA Competes Tax Credit, Manufacturer’s Partial Exemption

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The Governor’s Office of Business and Economic Development (GO-Biz) is hosting a workshop on the California Competes Tax Credit on December 20, 9:30-11 a.m., at the City of Indio Council Chambers.

Also presenting will be the Board of Equalization (BOE) on how manufacturers and research and development firms can pay a reduced sales tax rate on their machinery and equipment purchases.

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. Any business can apply for the CCTC and there are no geographic or sector-specific restrictions that impact eligibility. In addition, 25 percent of the total credits available each fiscal year are specifically reserved for small businesses.

CVEP encourages small, medium, and large businesses to attend the workshop and receive instructions on how to apply for this tax credit program.

Similarly, the Manufacturer’s Partial Exemption is a sales tax reduction available exclusively to California-based manufacturers and research & developers.

CLICK HERE TO REGISTER for the workshop.

Last modified: December 5, 2016

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