The California Competes Tax Credit is an income tax credit available to businesses that want to locate in California or stay and grow in California. The tentative amount of credits that can be allocated is $151.1 million in fiscal year 2014/15 & $200 million in each fiscal year 2015/16 through 2017-18. This post is for informational purposes only. Reader to verify all facts. Full story: http://tinyurl.com/n7y2qbk. Source: business.ca.gov.