CIG Tax Insights

CAEATFA Sales Tax Incentive Receives 5-Year Extension

Posted in CIG Tax Insights on October 18, 2019

After months of hard work from a variety of legislators, businesses, business groups and others, the California Recycling Market Development Act (AB 1583) was signed by Governor Gavin Newsom last week. Authored by Assembly Member Susan Eggman and co-sponsored by a number of parties including several CALincentives clients like rPlanet Earth, Vivotein and The Almond… read more

California Competes Tax Credit – $90M Becomes Available July 29

Posted in CIG Tax Insights on July 15, 2019

In two weeks, the California Competes Tax Credit (CCTC) program will re-open and accept applications. This will mark the state’s first round for its 2019/20 fiscal year. $90 million will be available. Last month, the Governor’s Office of Business and Economic Development (GO-Biz) granted $55.8 million in CCTC awards to 20 companies projected to grow… read more

CAEATFA Sales Tax Incentive – 2019 Funding Update

Posted in CIG Tax Insights on July 9, 2019

For the first time in the program’s decade long history, an entire year’s funding ($100M) will be exhausted by July. Although the last $5 million will be granted next week, the real CAEATFA fireworks took place last month when $37.7 million ($450M+ in future qualified purchases) was granted. 2 of these 7 awardees were represented… read more

CAEATFA Sales Tax Incentive – April 2019 Funding Update

Posted in CIG Tax Insights on April 12, 2019

To promote 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. Through a competitive application and negotiation process, California manufacturers may qualify for this lucrative incentive under any of the following categories: Advanced Manufacturing Alternative Source… read more

California Competes Tax Credit Program – Final round opens March 4th ($70 million)

Posted in CIG Tax Insights on February 25, 2019

In one week, the California Competes Tax Credit (CCTC) program will be open and accepting applications. This will mark the state’s final round of the fiscal year, with an estimated $70 million available.[1] In its most recently completed round in November of 2018, the Governor’s Office of Business and Economic Development (GO-Biz) granted $70 million… read more

CAEATFA Sales Tax Incentive – 2019 Funding Update

Posted in CIG Tax Insights on January 9, 2019

To promote 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. Through a competitive application and negotiation process, California manufacturers may qualify for this lucrative incentive under any of the following categories: Advanced Manufacturing Alternative Source… read more

CAEATFA Sales Tax Incentive – $100 million available for 2019

Posted in CIG Tax Insights on November 21, 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. Through a competitive application and negotiation process, California manufacturers may qualify for this lucrative incentive under any ONE of the following categories: – Advanced Manufacturing – Alternative Source… read more

$70M in Competes Tax Credits Awarded to 17 Companies

Posted in CIG Tax Insights on November 6, 2018

Yesterday, the Governor’s Office of Business and Economic Development (GO-Biz) awarded $70 million in California Competes Tax Credits to 17 companies. Out of the 17, California Incentives Group represented multiple awards in excess of $1 million. These 17 companies are projected to add more than 2,000 California jobs and make almost half a billion dollars in… read more

rPlanet Earth – Grand Opening

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