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INCENTIVE DESCRIPTION
| State: | CA |
| Incentive Type: | Sales and Use Tax Incentives |
| Incentive Title: | Sales Tax Refunds |
| Description: | IN-LIEU-OF SALES OR USE TAX REFUND: A company may claim an in-lieu sales or use tax refund equal to the Manufacturer Investment Credit (see Investment Income credits) available for the current year. Under this program, the company can elect to file a claim for refund equal to the amount of MIC that the company could have used to offset current year franchise or income tax liability. |
| Eligibility Requirements: | See MIC requirements |
| Geographic Restrictions: | Statewide |
| Granting Authority: | |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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