Business Tax Incentives

Work Opportunity Tax Credit

kennethpang — Thu, 04 Feb 2021 21:59:46 +0000

Work Opportunity Tax Credit kennethpang Thu, 02/04/2021 - 21:59

http://www.edd.ca.gov/jobs_and_training/Work_Opportunity_Tax_Credit.htm

The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available for employers to hire qualified individuals, including veterans, who have faced extreme barriers seeking employment. The State of California Employment Development Department is the WOTC certifying agency for California employers.

Business Need

Hiring and Employee Management

Business Ownership

Veteran

Resource Type

Business Tax Incentives

State of California Research and Development Tax Credit

kennethpang — Thu, 04 Feb 2021 21:58:38 +0000

State of California Research and Development Tax Credit kennethpang Thu, 02/04/2021 - 21:58

https://www.ftb.ca.gov/businesses/credits/rd/overview.shtml

The State of California Research and Development Tax Credit allows companies to receive a 15% tax credit for qualified in-house research expenses made in California. To qualify, a taxpayer’s research must be conducted within California and include basic or applied research of scientific inquiry, original investigation for the advancement of scientific or engineering knowledge or improved function of a business component.

Resource Type

Business Tax Incentives

Foreign Trade Zone 202

kennethpang — Thu, 04 Feb 2021 21:57:51 +0000

Foreign Trade Zone 202 kennethpang Thu, 02/04/2021 - 21:57

https://www.portoflosangeles.org/facilities/ftz_202.asp

The U.S. Customs and Border Protection Foreign Trade Zone (FTZ) program allows U.S.-based companies to defer, reduce or even eliminate Customs duties on products admitted within more than 40 Trade Zones in the Port of Los Angeles. Under this program, certain types of merchandise can be imported without going through formal Customs entry procedures or paying import duties until the products are transferred from the FTZ sites for U.S. consumption. If merchandise never enters the U.S. commerce or is re-exported to other countries, then no duties are paid on those items.

Industry Tag

Import/Export

Resource Type

Business Tax Incentives

��ӽ� Business Tax Subsidy for Internet-Based Businesses

kennethpang — Thu, 04 Feb 2021 21:56:04 +0000

��ӽ� Business Tax Subsidy for Internet-Based Businesses kennethpang Thu, 02/04/2021 - 21:56

https://finance.lacity.org/internet-business-classifications-faqs

The ��ӽ� offers a reduced tax rate of $1.01 for every $1,000 in gross receipts for internet-based businesses.

Industry Tag

Technology

Resource Type

Business Tax Incentives

California Competes Tax Credit

kennethpang — Thu, 04 Feb 2021 21:55:03 +0000

California Competes Tax Credit kennethpang Thu, 02/04/2021 - 21:55

https://www.business.ca.gov/Programs/CaliforniaCompetesTaxCredit.aspx

The California Competes Tax Credit is an income tax credit available to businesses that are locating to or growing their business in California. Tax credits are based on a number of factors including the number of jobs directly created/retained; the wages paid to employees; and the amount of investment made in California. Tax credit agreements are negotiated by the Governor’s Office of Business and Economic Development (GO-Biz) and approved by the California Competes Tax Credit Committee.

Resource Type

Business Tax Incentives

Port Industry Technology Advancement Program

kennethpang — Thu, 04 Feb 2021 21:39:49 +0000

Port Industry Technology Advancement Program kennethpang Thu, 02/04/2021 - 21:39

http://www.cleanairactionplan.org/technology-advancement-program

The Technology Advancement Program provides funding, guidance, and staff support to test emission reduction technologies for the port industry.

Industry Tag

Cleantech

Import/Export

Resource Type

Business Tax Incentives

Subsidies and Rebates

Manufacturing and Research & Development Equipment Exemption

kennethpang — Thu, 04 Feb 2021 21:37:05 +0000

Manufacturing and Research & Development Equipment Exemption kennethpang Thu, 02/04/2021 - 21:37

http://www.boe.ca.gov/sutax/manufacturing_exemptions.htm

Manufacturers and certain research and developers may qualify for a partial exemption of sales and use tax on certain manufacturing and research and development equipment purchases and leases.

Industry Tag

Manufacturing

Resource Type

Business Tax Incentives

Subsidies and Rebates

Sales and Use Tax Exclusion Program

kennethpang — Thu, 04 Feb 2021 21:08:33 +0000

Sales and Use Tax Exclusion Program kennethpang Thu, 02/04/2021 - 21:08

https://www.treasurer.ca.gov/caeatfa/ste/

The California State Treasurer offers a Sales and Use Tax Exclusion (STE) program for advanced manufacturers and manufacturers of alternative source and advanced transportation products, components or systems. The STE program will operate through 2020.

Business Need

Commercial Energy Efficieny and Water Conservation Incentives

Industry Tag

Manufacturing

Resource Type

Business Tax Incentives

Subsidies and Rebates

��ӽ� Small Business Tax Exemption

kennethpang — Thu, 04 Feb 2021 21:02:44 +0000

��ӽ� Small Business Tax Exemption kennethpang Thu, 02/04/2021 - 21:02

The Small Business Tax Exemption exempts businesses with gross receipts under $100,000 from paying ��ӽ� business taxes. In order to qualify for any business tax exemptions, the business will need to register and file their tax returns with the ��ӽ�' Office of Finance before the annual deadline.

Business Ownership

Small Business

Resource Type

Business Tax Incentives

��ӽ� Creative Artist Business Tax Exemption

kennethpang — Thu, 04 Feb 2021 21:01:51 +0000

��ӽ� Creative Artist Business Tax Exemption kennethpang Thu, 02/04/2021 - 21:01

http://finance.lacity.org/entertainment-creative-talent-faq

The ��ӽ� Creative Artist Exemption exempts artists and businesses working in the entertainment industry that earn less than $300,000 a year from city business taxes. In order to qualify for any business tax exemptions, the business will need to register and file their tax returns with the ��ӽ�' Office of Finance before the annual deadline.

Business Ownership

Small Business

Industry Tag

Film & Media

Resource Type

Business Tax Incentives

Business Tax Incentives

Work Opportunity Tax Credit

State of California Research and Development Tax Credit

Foreign Trade Zone 202

���ӽ� Business Tax Subsidy for Internet-Based Businesses

California Competes Tax Credit

Port Industry Technology Advancement Program

Manufacturing and Research & Development Equipment Exemption

Sales and Use Tax Exclusion Program

���ӽ� Small Business Tax Exemption

���ӽ� Creative Artist Business Tax Exemption

��ӽ� Business Tax Subsidy for Internet-Based Businesses

��ӽ� Small Business Tax Exemption

��ӽ� Creative Artist Business Tax Exemption