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Novato Businesses Encouraged to Apply for State Tax Credits

Post Date:12/06/2017 10:30 AM

The City of Novato encourages Novato businesses to apply for the California Competes Tax Credit which is an income tax credit available to businesses who want to come to, stay or grow in California. The state will be accepting applications from January 2, 2018 through January 22, 2018 for $100 million in tax credits. And again, from March 5, 2018 through March 26, 2018 for $55.4 million plus any unallocated amounts left over from previous application periods. Any business can apply for the tax credit and 25% of the credits will be reserved for businesses with revenues of less than $2 million.

Apply for the tax credit and/or review a Tax Credit Application Guide

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