We understand that finding ways to save on operational costs is crucial for your business. That's why the Sales Tax Exclusion (STE) Program is a perfect fit for you. By applying, you can receive significant tax savings on your purchases related to manufacturing and recycling activities. This includes vital equipment and materials, meaning you can keep more money in your business.

If you're considering building a new manufacturing facility or upgrading your current one, this program offers substantial support. With the potential for exemption from sales and use tax, your financial burden lightens. This allows you to redirect funds toward growth initiatives, helping your business thrive in a competitive landscape. The best part? There are no limits on company size or revenue, making it accessible for businesses at any stage.

In summary, applying for this program can streamline your expenses and enhance your operational flexibility. Don’t miss out on the chance to boost your business without the immediate worry of additional tax costs. It’s a straightforward process, designed with you in mind. Let's get started on paving the way for your business's growth!

Type of Financing

This program offers a Sales and Use Tax Exclusion (STE), which allows eligible manufacturers to not pay sales and use taxes on certain qualified property purchases. This essentially means more money stays in your pocket, allowing you to invest it back into your business!

Repayment and Fees

Since this is a tax exclusion and not a loan, there are no repayment terms or interest rates involved. However, it’s important to understand that this program can only be applied when purchasing qualified property, such as equipment used to process recycled materials or produce advanced manufacturing goods. There are typically no fees associated with applying for or receiving the STE award.

Eligible and Ineligible Expenses

Eligible expenses include purchases of qualified property necessary for constructing or upgrading your manufacturing facility. This could be equipment or machinery used for advanced manufacturing or alternative energy technologies. However, funds cannot be used for operating expenses, routine maintenance, or unrelated business activities, so be sure to focus on applicable purchases for your manufacturing processes.

• Location: Business must be located in California.
• Sector: Open to all sectors of business.
• Company Revenue: No minimum or maximum revenue qualifications.
• Employees: No minimum or maximum number of employees required.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications: None stated.

This program is designed to help your business save money on purchases related to specific manufacturing and recycling activities. You could receive significant tax savings by excluding state and local sales and use taxes on qualifying property. This includes equipment and materials used for processing recycled feedstock or in advanced manufacturing processes.

If you are planning to build a new manufacturing facility or upgrade an existing one, this program provides a valuable opportunity. By applying, your purchases for the project could be exempt from sales and use tax, easing the financial burden and allowing you to allocate funds elsewhere.

Since there are no limits on business size or revenue, companies of all structures and stages can benefit. This means that whether your business is a startup or well-established, you can take advantage of this program for growth without the immediate worry of tax costs.