07.07.16 |
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Application Periods Announced for 2016-17 California Competes Tax Credit Awards

application-periods

The California Governor’s Office of Business and Economic Development (GO-Biz) announced on June 29, 2016 the fiscal year 2016-17 application periods for the California Competes Tax Credit.  The application periods are as follows:

  • July 25, 2016 through August 22, 2016. GO-Biz can award up to $75 million in credits.
  • January 2, 2017 through January 23, 2017. GO-Biz can award up to $100 million in credits.
  • March 6, 2017 through March 27, 2017. GO-Biz can award up to $68.3 million plus any remaining unallocated credits from the previous application periods.

Awards will be announced at California Competes Tax Credit Committee meetings, which will be held on:

  • November 17, 2016
  • April 13, 2017
  • June 15, 2017

Go-Biz also recently published an updated Frequently Asked Questions document which details the application mechanics, evaluation criteria, and the selection process used by the committee.

The California Competes Tax Credit is a competitively-awarded tax credit which is negotiated between GO-Biz and the awardee.  Each credit award is approved by the California Competes Tax Credit Committee, which consists of the State Treasurer, the Director of the Department of Finance, the Director of GO-Biz (or its delegate), an appointee by the Speaker of the Assembly, and an appointee by the Senate Committee on Rules.

 
Learn More About ADP SmartCompliance® Tax Credits
 


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