Review of the California Competes Tax Credit

Oct 31, 2017 - In other cases, the busine ss may not be able to achieve and maintain its milestones because, for example, of a bankruptcy or a strategic change in its business plan. In such cases so far, GO ‑Biz and these businesses have voluntarily agreed to end the agreements early, allowing the state to recapture and reallocate those tax credits to other businesses.
https://lao.ca.gov/Publications/Report/3709