California Competes Tax Credit
Call Solano EDC: (707) 864-1855
California’s income tax credit is available to businesses that expand in or relocate to California. There are no geographic or industry sector restrictions. The income tax credit application is submitted online, terms are negotiated with GO-BIZ, and then approved by the California Competes Tax Credit Committee. Learn more here.
New Employment Credit
Call: (916) 845-3464
The New Employment Credit (NEC) is available for each taxable year beginning on or after January 1, 2014 and before January 1, 2021 to qualified taxpayers that hire a qualified full-time employee. Qualified taxpayers are those located in designated census tracts with high unemployment and poverty. A qualified employees is one who meets certain criteria. Qualifying wages are those wages exceeding 150% but not more than 350% of the minimum wage. Learn more here.
Manufacturing and Research & Development Equipment Exemption
Call: (800) 400-7115
Manufactures and qualifying research and development firms may qualify for partial exemption of sales and use tax on purchases and leases of manufacturing and R & D equipment. Contact your tax professional or the California State Board of Equalization to determine eligibility. Learn more here.
California Alternative Energy & Advanced Transportation Financing Authority
Call: (916) 651-3757
Manufacturers that promote alternative energy and advanced transportation may be eligible to receive a sales tax exclusion from both state and local sales tax collection on equipment purchases and qualifying activities. Applications are accepted on an ongoing basis and are considered at the Authority’s board meetings within 60 days of the completed application. Statute limits exclusions to $100 million in each calendar year. Learn more here.
Research & Development Tax Credit
Call the California Franchise Tax Board: (800) 852-5711
The California Research Credit is designed to reduce income or franchise tax for those conducting qualified research in California. There are several differences between California’s and the federal tax credit. The California Franchise Tax Board provides a four-part test to determine which activities qualify. Learn more here.
California Film & Television Tax Credit
Call: (323) 860-2960 | Vallejo / Solano County Film Office (707) 642-3653
Film and television productions featuring California are eligible to apply for this tax incentive that encourages still-image and entertainment programs to shoot in California. The program offers a variety of tax credit amounts for different types and scales of productions. Learn more here.
Employment Training Panel (ETP)
Call: (916) 327-5640
The ETP provides a cash reimbursement for training cost incurred by employers for workers who successfully complete the program and are retained on the job for a set amount of time. Employers determine their training needs and can use their preferred providers to deliver the training. Many employers work with their local community colleges to design and provide training. Learn more here.
Work Opportunity Tax Credit (WOTC)
Call the California Office: (866) 593-0173
Call the Fairfield Office: (707) 863-3500
Call the Vallejo Office: (707) 648-4024
WOTC is a federal tax credit offered through the U.S. Department of Labor to employers who hire from certain groups, i.e. those facing barriers to employment. Employers can reduce their income tax liability by $1,200 to $9,600 depending on the hires. Learn more here.