Greater Oakland Keystone Innovation Zone Tax Credit Program
Who is eligible for this funding option?
To be eligible for the tax credit program, for-profit business entities must:
- Locate within the geographic boundaries of the GO- KIZ
- Be in operation less than 8 years
- Operate within one of the designated KIZ-targeted industry segments or sectors
Important features of this funding option:
A company may claim a tax credit equal to 50 percent of the increase in that company’s gross revenues in the immediately preceding taxable year, attributable to activities in the KIZ, over the company’s gross revenues in the second preceding taxable year, attributable to its activities in the KIZ; limited to $100,000 annually per company.
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