California Competes Tax Credit
The California Competes Tax Credit is an income tax credit for businesses that are expanding or relocating to California. California Competes is a tax credit program that Gov. Jerry Brown approved in 2013. It is a successor program to the Enterprise Zone Tax Credit which is phased out in 2014. In order to qualify for a portion of the allocation, the business must have expansion plans to create jobs in California over the next five years or be at risk to leave California. In 2014, the current allocation of tax credits available to businesses is $30 million. Our experts are prepared to represent and assist businesses who want to apply for the California Competes Tax Credit.