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State Business Assistance Programs


SB 1447 Small Business Hiring Tax Credit
California Department of Tax & Fee Administration / California Franchise Tax Board
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Application Period for Small Business Tax Credit Opens December 1st

December 1st marks the beginning of the application period for the Small Business Tax Credit allowing up to $100,000 per business. 

Credit Reservations Are Required:
To receive a tax credit tentative reservation, qualifying small businesses need to apply to the
California Department of Tax and Fee Administration (CDTFA) between December 1, 2020, and January 15, 2021.
Reservations will be accepted on a first-come-first-serve basis.

How the Credit Works:
An eligible small business can receive $1,000 in credit for each net new hire that occurred during the second half of 2020,
up to $100,000 per business.  This tax credit can be used against personal and corporate income tax liabilities
OR sales and use tax liabilities from the 2020 tax year.

For more information please visit:
https://www.ftb.ca.gov/file/business/credits/small-business-hiring-credit.html 
California Department of Tax and Fee Administration Website:
https://www.cdtfa.ca.gov/taxes-and-fees/SB1447-tax-credit.htm



CA Governor Seal
Governor Newsom Announces
Immediate Assistance for Businesses Impacted by
COVID-19 Including Temporary Tax Relief and $500 Million in Grants


Billions in immediate, temporary tax relief will support businesses impacted by COVID-19, including an automatic three-month extension
for taxpayers filing less than $1 million in sales tax and interest-free payment agreements to larger companies
with up to $5 million in sales tax and expanded interest-free payment options for larger businesses particularly affected by
significant restrictions on operations based on COVID-19 transmissions.


In partnership with the Legislature, California will provide $500 million in new COVID-19 Relief Grant funding for small businesses.
Application Deadline - January 8th, 2021

For more information click the link below:

https://bit.ly/2VlcTYH 

Join the Inland Empire Regional Chamber of Commerce and Small Business Majority
to learn about the state's new $500 million small business grant program and other capital resources
available to entrepreneurs in the state of California.

Tuesday, January 5, 2021
10:00am-11:00am
Click HERE to register

Topics of discussion include:
- An overview of the California Small Business COVID-19 Relief Grant Program
- Eligible requirements
- An overview of the application and required documents
- Federal updates and additional statewide resources
- Q & A session


**Please continue to check back for updated information**