Taxes & Incentives
The City of Clovis’ Economic Development Department utilizes a variety of incentive programs to promote growth and development within the City. In order to assist you with your projects, City of Clovis staff members will identify appropriate incentives including but not limited to:
Incentives & Programs
The City of Clovis’ Economic Development Department utilizes a variety of incentive programs to promote growth and development within the City. In order to assist you with your projects, City of Clovis staff members will identify appropriate incentives. For more information, please call (559) 324-2060.
Business License Rebate
Home-based businesses, with an existing business license, that move into a commercial space are qualified to receive a two-year business license fee waiver. For more information, please call (559) 324-2083.
Hiring Incentives
New Employment Opportunities (NEO) Program
- Incentive available to qualified employers hiring qualifying Fresno County residents
- Short-term wage reimbursement – 100% for first 3 months, 75% for following 3 months – 6 month program (extensions available under certain conditions). LEARN MORE
New Employment Credit (NEC)
- California hiring tax credit available to qualified employers hiring qualifying employees
- Must be in Designated Geographic Area (DGA)
- Credit is 35% of wage based on wages above $12/hr & up to $28/hr (Example: If employee earns $13/hr, credit is 35¢ on the dollar over $12/hr)
- Must obtain credit reservation on employee prior to hire. MORE
Work Opportunity Tax Credit (WOTC)*
- Federal tax credit available for hiring qualifying individuals from certain target groups
- Maximum tax credit ranges from $1,200 to $9,600, depending on the employee hired
- Must complete specified form(s) before and after hire
- Must submit all forms within 28 calendar days of the employee’s start date LEARN MORE
State Incentives
California Competes Credit
- State income tax credit negotiated between State & businesses that want to stay & grow in California
- Can be located anywhere in California
- Credit amount depends on several factors* – Job creation, economic impact, amount of investment in CA by business LEARN MORE
Manufacturing Equipment Sales & Use Tax Exemption
- Sales tax exemption on manufacturing and manufacturing related equipment
- Eliminates 4.19% of California sales tax portion
- Immediate benefit – no state tax paid at time of purchase
Research and Development (R&D) Credit
- State income tax credit available to businesses who incurred qualified research expenses while conducting qualified research in California
- Credit received based on 15% percent of the excess of current year research expenditures over a computed base amount LEARN MORE
