Tax Credit Awardee List

A comprehensive list of every business that has received a California Competes Tax Credit

“* This company was given a priority for being located in a high unemployment area and/or high poverty area. AB 2900 (Committee on Jobs, Economic Development, and the Economy, Ch. 582, Stats. of 2016) amended California Revenue and Taxation Code sections 17059.2(c)(6)(G) and 23689(c)(6)(G) to expand the reporting requirements of the California Competes Tax Credit program effective January 1, 2017, to include this information.

**On April 16, 2015, the California Competes Tax Credit Committee approved a novation agreement in which Heritage Distributing Company assumed all of the responsibilities and benefits of Sunshine Butter Company’s approved tax credit agreement.

*** One-third of the California Competes Tax Credit may be utilized by an S-Corporation to offset the tax on net income at the S-Corporation level (R&TC §23803(a)(1)). The remaining two-thirds is disregarded and may not be used as a carryover for the S-Corporation (R&TC §23803(a)(2)(A)). However, the full amount of the California Competes Tax Credit is also passed through to the S-Corporation’s shareholders (R&TC §23803(a)(2)(F)).”