Evaluation of a Sales Tax Exemption for Certain Manufacturers

Dec 11, 2018 - As noted above, larger exemptions provide stronger investment incentives but also result in larger revenue losses. If the Legislature wants to strengthen investment incentives, it could turn the partial exemption into a full exemption.
https://lao.ca.gov/Publications/Report/3907

Evaluation of a Sales Tax Exemption for Certain Manufacturers [Publication Details]

Dec 11, 2018 - The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) administers a sales tax exemption for equipment used for certain manufacturing activities. (Many people refer to this program as an exclusion rather than an exemption.) Under current law, this program will end on January 1, 2021. Public Resources Code 26011.
https://lao.ca.gov/Publications/Detail/3907

The 2025-26 Budget: Governor’s Office of Business and Economic Development

Mar 18, 2025 - In addition, each applicant must propose to do one of the following: (1)  create 500 new full-time jobs, (2)  make an investment of at least $10  million, or (3)  create jobs or make an investment in a high-poverty or high-unemployment area.
https://lao.ca.gov/Publications/Report/5018

The 2019-20 May Revision: Opportunity Zones

May 11, 2019 - Because Opportunity Zone investments can be made anywhere in the country, California ’s Opportunity Zones are competing with zones in other states for investment. Arguably, creating a state Opportunity Zone benefit could help draw investment to California from other states by making California Opportunity Zone investment more financially attractive to investors.
https://lao.ca.gov/Publications/Report/4038

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - The budget accelerates $100  million of previously allocated funds from 2026-27 to 2025-26 for public infrastructure investments in the City of Fresno. Allocates Additional Resources to the SEED Initiative.
https://lao.ca.gov/Publications/Report/5081/

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Federal Changes Provide Significant Tax Benefits for Investments in Opportunity Zones. To encourage investment in Opportunity Zones, federal law allows filers to defer taxes on capital gains if those profits are invested in Opportunity Zones.
https://lao.ca.gov/Publications/Report/3959

Assessing Recent Changes to California Competes

Mar 30, 2020 - Introduction California Competes Provides Financial Incentives to Attract Business Investment. California Competes is an economic development tax incentive program that allows the administration to negotiate tax credit agreements with individual companies that agree to meet multiyear hiring and investment targets.
https://lao.ca.gov/Publications/Report/4213

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - Background California Competes Provides Incentives to Attract Business Investment.   California Competes  is an economic development tax incentive program that allows GO-Biz to negotiate agreements to provide financial incentives to companies that agree to meet hiring and investment targets.
https://lao.ca.gov/Publications/Report/4846

The 2017-18 Budget: California Competes Tax Credit

Feb 27, 2017 - California Competes allows companies to request a credit against the corporation tax (CT) or the personal income tax (PIT) in exchange for meeting specific hiring and investment goals over a five-year period.
https://lao.ca.gov/Publications/Report/3586

The 2018-19 Budget: California Competes Proposal

Feb 21, 2018 - A program that awards tax credits to selected businesses that agree to meet multiyear hiring and investment targets. The credit is a financial incentive to attract or retain individual businesses that might not otherwise invest or remain here.
https://lao.ca.gov/Publications/Report/3759