California Competes Tax Credit: $819.8 Million Available for Businesses in 2026-2027

California is opening a new round of the California Competes Tax Credit, with $819.8 million available during the 2026-2027 fiscal year for businesses that plan to grow in the state, create jobs, and make capital investments.

What It Covers

The program provides state income tax credits to businesses that commit to expanding in California and delivering measurable economic benefit.

• $350 million is available in the first application round.
• $250 million is available in the January 2027 round.
• $219.8 million, plus any remaining funds from earlier rounds, is available in the March 2027 round.

Who Can Apply

The California Competes Tax Credit is open to businesses of all sizes and industries that meet program requirements and can show a significant economic benefit to California.

Businesses in industries aligned with the California Jobs First Economic Blueprint may receive special consideration.

Application Windows

• Round 1: July 20-August 10, 2026, with $350 million available.
• Round 2: January 4-25, 2027, with $250 million available.
• Round 3: March 1-15, 2027, with $219.8 million available, plus any leftover funds.

How to Apply

• Apply online: California Competes Tax Credit application portal
• Program information: California Governor's Office of Business and Economic Development
• First deadline: Applications for the first round close August 10, 2026.

What Happens After Applying

Selected businesses are reviewed and approved by the California Competes Tax Credit Committee. Committee meetings for this fiscal year are scheduled for November 12, 2026, April 29, 2027, and June 17, 2027.

Source: SierraDailyNews.com