How much CCTC is available for my company?
Unlike calculation-based tax incentives, California Competes (CCTC) applicants vie against one another from a limited pool of available funds. Awards are granted on a case-by-case basis, with applicants requesting award amounts and negotiating final credit agreements with GO-Biz. This process begins with an online application, which must be completed by the applicant or an authorized representative. Once the online application is submitted to Go-Biz, it’s subject to a two-phase review process. Phase one is automated and covers the quantitative cost-benefit analysis.
The most competitive applications (those with the lowest tax-credit request amounts and highest aggregate employee compensation and investment packages) move on to phase two. During the second phase, the committee performs a qualitative evaluation of the business’ job-creation benefits and economic importance to the state. Though phase two rests on a foundation of economic modeling, it requires companies to present a credible and compelling case the committee can quickly see and support.
To forecast the amount of tax credit for your organization, please complete the form below with only your best estimates at this time.