How much CAEAFTA is available for my company?
CAEATFA awards $100 million in Sales and Use Tax Exclusion annually to advanced manufacturers, to assist them in purchasing machinery and equipment to retain and expand high‐end manufacturing across the State. To better ensure an equitable distribution of STE to the various industries, CAEATFA established a per applicant cap of $20 million each calendar year, to enable the program to assist both small and larger projects.
Awards are granted on a monthly basis, with applicants requesting award amounts and negotiating final credit agreements with CAEAFTA representatives. It takes between three and six months to win an award and unfortunately the sales/tax exclusion is not retroactive. So apply now.
To forecast the amount of tax credit for your organization, please complete the form below with only your best estimates at this time.