For purposes of this article, all of the following definitions apply: (a) âApplicantâ means any taxpayer, including, but not limited to, an individual, corporation, or partnership, submitting a California Competes Grant Program application to GO-Biz that is a person or entity legally authorized to do business in California or that will incorporate, qualify, or register with the Secretary of State to do business in California prior to the execution of an agreement under this article. (b) âCalifornia Competes Grant Programâ means the program that authorizes the grants allowed under this article. (c) âCommitteeâ means the California Competes Tax Credit Committee established in Section 18410.2 of the Revenue and Taxation Code. (d) âGO-Bizâ means the Governorâs Office of Business and Economic Development. (e) âQualified granteeâ means an applicant for grants under this article that satisfies the requirements of subdivision (b) of Section 12096.6.1. (f) âRecaptured grant amountâ shall mean the amount identified in any recommendation for recapture of a grant approved, in whole or in part, by the committee pursuant to this article and Section 18410.2 of the Revenue and Taxation Code.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.