On November 27, 2013, the Governor’s Office of Business and Economic Development (“GO-Biz”) released draft proposed regulations on the recently enacted California Competes Tax Credit, and has scheduled workshops throughout California for public comment.

On July 11, 2013, Governor Brown signed Assembly Bill (“AB”) 93 into law, which provides for various tax credits, including the California Competes Credit (“CCC”) – a credit against the income and franchise tax.