Posted in CIG Tax Insights on October 19, 2018
Vernon, Calif. – Last Friday, after 6+ years of dreaming, planning, investing, procurement and construction, rPlanet Earth officially opened the doors to its 302,000-square-foot recycling and manufacturing plant in the City of Vernon. rPlanet Earth’s one-of-a-kind, 80 million pound capacity facility takes in bales of post-consumer PET and processes them into bottle preforms, sheet and… read more
CAEATFA Sales Tax Incentive – Less than $27 million remains
Posted in CIG Tax Insights on August 22, 2018
Yesterday, three companies, including one represented by California Incentives Group were awarded a sales and use tax exclusion (STE) agreement from the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA). For the remainder of 2018, less than $27 million remains available with this first-come-first-serve negotiated incentive. As a recap, CAEATFA provides select manufacturers a 100%… read more
California Competes Tax Credit Program Returns – $70M becomes available today
Posted in CIG Tax Insights on July 30, 2018
As a follow up to our article last month, today marks the opening day for the recently extended [and modified] California Competes Tax Credit (CCTC) program. With $70 million available, the state is seeking to award worthy businesses seeking to grow jobs and investments in California.
CAEATFA Sales Tax Incentive – Less than $39 million remains
Posted in CIG Tax Insights on July 26, 2018
To promote in-state high-tech manufacturing, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) provides select manufacturers a 100% sales and use tax exclusion (STE) on purchases of qualified tangible property.
California Food Processors Investment Program – $60 million
Posted in CIG Tax Insights on July 19, 2018
FPIP will award $60 million to food processors1 upgrading their operations to reduce GHG emissions. These funds will be negotiated and awarded through a competitive process.
California Competes Tax Credit Nears 5 Year, $900M Extension
Posted in CIG Tax Insights on June 11, 2018
Similar to a professional athlete working on a new contract, the California Competes Tax Credit (CCTC) administered by the Governor’s Office of Business and Economic Development (GO-Biz) is on the cusp of inking a five year, $900M extension.
