How much CAEATFA 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 CAEATFA 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 contact Phillip Herrera today.