Sales Tax Exclusion (STE) Program

Sales Tax Exclusion (STE) Program

CAEATFA supports California's mission to provide financial incentives to cutting-edge companies by offering a sales and use tax exclusion to manufacturers purchasing equipment to promote alternative energy, advanced transportation and recycling, as well as advanced manufacturing. These manufacturers create tens of thousands of high-paying, permanent jobs that bolster the state's economy.

The California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) Sales and Use Tax Exclusion (STE) Program (the “Program”) excludes from sales and use taxes purchases of Qualified Property if its use is either to process Recycled feedstock or using Recycled feedstock in the production of another product or soil amendment; or that is used in an Advanced Manufacturing process; or that is used to manufacture Alternative Source products or Advanced Transportation Technologies. Eligible manufacturers planning to construct a new manufacturing facility or expand or upgrade a currently existing manufacturing facility may apply to CAEATFA for an STE award, and if approved, the purchases of Qualified Property for the project are not subject to state and local sales and use tax.Please refer to https://www.treasurer.ca.gov/caeatfa/ste/regulations/index.asp and https://www.treasurer.ca.gov/caeatfa/ste/faq.asp#program for more information.

Details

• Agency: State Treasurer's Office
• Type: Grant
• Funding Source: State
• Estimated Available Funds: $100,000,000
• Estimated Awards: Dependant on number of submissions received, application process, etc.
• Award Amount: Dependant on number of submissions received, application process, etc.
• Funding Method: Advances & Reimbursement(s)
• Matching Funds: Not Required
• Geography: Available statewide

Categories

Disadvantaged Communities; Disaster Prevention & Relief; Employment, Labor & Training; Energy; Environment & Water; Housing, Community and Economic Development; Science, Technology, and Research & Development; Transportation

Eligible Applicants

Business; Individual; Nonprofit; Public Agency; Tribal Government