GO-Biz updates cutoff ratio for California Competes Tax Credit applications - Spidell

GO-Biz updates cutoff ratio for California Competes Tax Credit applications


GO-Biz has updated its FAQs about the California Competes Tax Credit. In the General section under Question 4, “What is the maximum ratio that will move my application to the Phase II evaluation process?” The table is updated to show the cutoff ratios through the third application period in the 2019-2020 fiscal year.

The California Competes Tax Credit is based on a competitive application process, so the maximum ratio for an application to move into Phase II is not set and can vary during each application period. The historical cutoff ratios for the application periods to date are provided in this FAQ for reference.

The FAQs can be found at:

https://static.business.ca.gov/wp-content/uploads/2019/12/California-Competes-FAQ-3-10-20.pdf

(California Competes Tax Credit – Frequently Asked Questions, Governor’s Office of Business and Economic Development)