The State of California offers several tax credits to help businesses reduce their costs. Click to find out if your business might qualify.
California Competes – 5-year tax credit that businesses apply for in advance through a competitive application process. GO-Biz FAQ Sheet: Learn more here.
Manufacturers’ Investment Credit – 6% credit for acquisition or construction of qualified property, including real property and some equipment. Learn more here.
California Research Credit – 24% of basic research payments, 15% of excess research expenses. Learn more here.
Sales and Use Tax Exclusion, Alternative Energy and Transportation – Full exclusion for qualifying manufacturers of these products. Learn more here.
Sales and Use Tax Exclusion, Manufacturing and R&D – Partial exclusion for qualifying purchases related to manufacturing and R&D. Learn more here.
Further information about state incentives and tax:
Franchise Tax Board (FTB)
Governor’s Office of Business and Economic Development (GO-Biz)