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GOVERNORS OFFICE OF BUSINESS AND ECONOMIC DEVELOPMENT STATE OF CALIFORNIA s OFFICE OF GOVERNOR EDMUND G. BROWN JR. California Competes Tax Credit Application WebinarFiscal Year 20172018Agenda California
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How to fill out california competes tax credit
How to fill out california competes tax credit
01
Gather all required documentation such as income statements, tax returns, and other financial records.
02
Visit the California Competes Tax Credit website and create an account.
03
Login to your account and begin the application process.
04
Fill out the application form, providing accurate and detailed information about your business and its activities.
05
Attach the required documents to support your application.
06
Review the application for any errors or missing information.
07
Submit the completed application online.
08
Wait for the review process to be completed by the California Competes Tax Credit program.
09
If approved, you will receive a notification and your tax credit will be applied accordingly.
10
Keep a record of the application and approval for future reference and any potential audits.
Who needs california competes tax credit?
01
Businesses operating in California that are expanding, creating new jobs, or relocating to the state.
02
Companies that generate qualified wages and meet certain employment criteria for at least 5 years.
03
Businesses in industries such as advanced manufacturing, biotechnology, clean energy, information technology, and transportation.
04
Companies aiming to be eligible for tax credits to reduce their California state income tax liability.
05
Entrepreneurs and business owners looking to boost their competitiveness and contribute to the economic growth of California.
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