Now is open season to apply—by August 20, 2018—for the
California Competes Tax Credit(CCTC), a state income tax credit for businesses that are expanding in or relocating to California or that are at risk of leaving the state.
CCTC was created by California to boost business in the Golden State. It can be used to offset California income and franchise tax liabilities, including the alternative minimum tax (AMT). Deadline to apply is August 20, 2018, so don’t delay!