California Competes Tax Credit application period opening soon

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: