California Business Credits
Date: Friday, October 23, 2026
Instructor: Jane Ryder
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours California Tax for CTEC |
|
NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
California offers a wide range of lucrative—but highly technical—business tax credits that can significantly reduce state tax liability when properly identified, reserved, and reported. This course provides tax professionals with a practical, compliance-driven overview of key California business credits, emphasizing eligibility requirements, application and reservation processes, and differences from corresponding federal credits.
Participants will explore major California incentives including the California Competes Tax Credit and grant programs, the Pass-Through Entity Tax (PTET) elective credit, research and development credits, low-income housing credits, motion picture and entertainment industry credits, cannabis-related credits, and food donation credits. The course also highlights California-specific modifications to federal-style credits, carryforward and limitation rules, and reporting considerations critical to maximizing after-tax benefits while avoiding costly errors.
Who Should Attend
This course is designed for CPAs, enrolled agents, and tax professionals who prepare or review California business and pass-through entity returns.
Topics Covered
- Overview of California business tax credit framework
- California Competes Tax Credit and grant programs
- Pass-Through Entity Tax (PTET) elective credit
- California research and development credits
- Low-income housing and real estate credits
- Motion picture and entertainment industry credits
- Cannabis-related tax credits and limitations
- Food donation credits
- Credit applications, reservations, and carryforwards
- Key reporting differences between California and federal credits
Learning Objectives
- Identify California business tax credits available to specific types of entities and taxpayers
- Apply eligibility rules, application requirements, and credit reservation procedures for California credits
- Differentiate California credit calculations from similar federal credits
- Correctly report the California PTET elective credit to maximize tax savings
- Apply California research and development and low-income housing credit rules
- Evaluate carryforward, limitation, and utilization rules applicable to California credits
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
