How much CCTC is available for my company?

logoUnlike 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.

Part 1: Your Information

Your Name (required)

Your Email (required)

Title

Address1

Address2

City

State

Zip Code

Phone Number

Fax

Part 2: How many F/T employees do you currently employ in CA?

How many F/T employees will you hire in 2018?

How many F/T employees will you hire in 2019?

How many F/T employees will you hire in 2020?

How many F/T employees will you hire in 2021?

Total full-time, California-based employees (Total from above)

Part 3: How much do you plan to invest in plant/equipment...

How much do you plan to invest in plant/equipment in 2018?

How much do you plan to invest in plant/equipment in 2019?

How much do you plan to invest in plant/equipment in 2020?

How much do you plan to invest in plant/equipment in 2021?