Personal Income Tax Law: Corporation Tax Law: credits: CalCompetes.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill prolongs the California Competes tax credit through tax years that begin before Jan. 1, 2035 and adds a refundable option for companies in strategic industries such as nuclear‑fusion and quantum technology. GO‑Biz must negotiate written agreements, give priority to projects in high‑unemployment areas, and post award details online. Refunds are funded from the Tax Relief and Refund Account and the Corporation Tax Fund.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3795.) (April 8). · Apr 9, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · Apr 27, 2026
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 8, 2026
• Revenue and Taxation
  Senate Revenue and Taxation Committee · Apr 8, 2026

History

1. May 14, 2026May 14 hearing: Held in committee and under submission.
2. May 8, 2026Set for hearing May 14.
3. Apr 27, 2026April 27 hearing: Placed on APPR. suspense file.
4. Apr 17, 2026Set for hearing April 27.
5. Apr 13, 2026Read second time and amended. Re-referred to Com. on APPR.
6. Apr 9, 2026From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3795.) (April 8).
7. Mar 26, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
8. Mar 25, 2026Set for hearing April 8.
9. Feb 26, 2026Referred to Com. on REV. & TAX.
10. Feb 18, 2026From printer. May be acted upon on or after March 20.
11. Feb 17, 2026Introduced. Read first time. To Com. on RLS. for assignment. To print.

Sponsors

• McNerney · sponsor

Bill text

Opens the legislature’s own copy.

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