The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) works with California businesses to provide a variety of financial incentives. Through a competitive application and negotiation process for manufacturers, CAEATFA provides a 100% sales and use tax exclusion (STE) on the purchase of qualified manufacturing and R&D machinery and equipment. Manufacturers may qualify under any of the following general categories:
With $100M available annually, the CAEATFA STE allows an awardee to purchase qualified property associated with the activities above—completely free of California sales and use tax for a period of 36 months.
If you’re interested in learning more about how we can help your business through a CAEATFA STE award, please see our contact information below for a complimentary feasibility assessment. The CAEATFA STE program applies more broadly than most businesses believe.