Tax Breaks and Other Money Saving Measures for Your Business

Posted: August 31st, 2018 3:44 PM

Last Updated: January 20th, 2021 7:51 PM

Tax Breaks and Saving Money

There are several incentive programs in Oakland that can help save money for businesses who operate and hire within certain areas, use energy efficient equipment and more.

The California Competes Tax Credit is an income tax credit available to businesses of all sizes that want to expand in or relocate to California. The program considers factors such as the number of jobs created or retained and the proposed compensation. Applications for the first of three cycles this fiscal year are being accepted through August 20, 2018. The second and third cycles will be held in January 2019 and March 2019, respectively. Several Oakland businesses have participated in this tax credit program.

PG&E - Energy Efficiency Rebates & Incentives Businesses can get rebates, cash incentives and technical support by installing energy efficient equipment, lighting, and more. Programs available for existing properties and new construction. Learn more on the PG&E website.

Federal Government - Energy Efficiency Tax Incentives The federal government also offers tax incentives for varies energy efficiency activities. Learn more on the Tax Incentives Assistance Project (TIAP) website.