California businesses of any size or industry can apply to receive an income tax credit through the California Competes Tax Credit (CCTC) program.
For the 2023–2024 fiscal year, GO-Biz will accept applications for the CCTC during the remaining application periods:
- January 2, 2024 – January 22, 2024: $164 million in tax credits available
- March 4, 2024 – March 18, 2024: $164 million in tax credits available plus any remaining unallocated amounts from the previous application periods
Applicants will be evaluated based on 12 factors, including:
- Number of jobs created or retained;
- Amount of investment;
- Overall economic benefit to the state; and
- Opportunities for future growth and expansion.
More information is available at: