March 18, 2016
State Treasurer John Chiang wants to create a single online contact for businesses to see what California tax credits and other government incentives are available to them.
The proposed California Business Incentives Gateway site would allow employers to submit company details as filtering criteria to receive a list of applicable incentives.
California State Controller John Chiang wants a one-stop shop for businesses to identify government incentives.
State officials hope to launch an early version of the website in December. The initial website would include incentives from all the boards and commissions related to the state treasurer’s office, Lifsher said. Over time, the plan is to include incentives offered by other state agencies and local governments. State and local governments in California provide thousands of different incentives to help businesses, including site-selection services, targeted tax breaks, fee waivers and reduced utility rates, according to a report from the treasurer.
Story Excerpt: The National Association of State Treasurers recently outlined some legislative priorities that would broaden ABLE accounts’ reach..