California Business Assistance and Incentives

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Sales Tax Exemption for Manufacturing/R&D Equipment

  • Exemption of 4.19% sales or use tax for equipment
  • For equipment placed in service July 1, 2014 through June 30, 2022
  • Administered by California State Board of Equalization 

http://www.boe.ca.gov/sutax/manufacturing_exemptions.htm#page=Overview

Employment Credit

  • A 35% credit for every $1 of wages paid above $13.50 per hour for up to 5 years
  • Eligible employees include long-term unemployed, veterans, recipients of assistance and federal Earned Income Tax Credit (EITC), and ex-offenders

https://www.ftb.ca.gov/online/New_Employment_Credit_Reservation/FAQs.shtml#CC1

California Competes Tax Credit

  • Competitive, negotiated state credits based on new investment, new jobs, wages/compensation, economic impact and other factors
  • Administered by Governor’s Office of Business & Economic Development
  • 25% of funding each fiscal year reserved for small businesses

http://business.ca.gov/Programs/CaliforniaCompetes.aspx

California Business Portal for Assistance and Incentives

http://businessportal.ca.gov/Business-Assistance/Relocate-Expand-Your-Business

Employer Training Reimbursement

  • Direct reimbursement to Employer for on-the-job training costs
  • Up to a maximum of 200 hours per employee

www.etp.ca.gov

Research and Development Credit

  • 15% tax credits available for businesses investing in research and development.

https://www.ftb.ca.gov/businesses/credits/rd/


Please contact Economic Development Staff for confidential business assistance: (916) 617-4535.