Pillsbury Winthrop Shaw Pittman

GO-Biz finalises proposed California Competes tax credit regulations

On 31 January 2014, the Governor’s Office of Business and Economic Development (GO-Biz) released final proposed regulations on the California Competes tax credit.

Since GO-Biz will proceed with these regulations under the emergency regulation provisions of the Administrative Procedures Act (APA), the public has until 18 February 2014 to submit written comments.

While most of the changes from the draft proposed regulations are relatively minor, GO-Biz added a section to the final proposed regulations to protect from public disclosure certain confidential information submitted by taxpayers during the application process. Specifically, section 8020(e) of the final proposed regulations states…

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