On October 22, 2013, the City Council approved a business incentive program to rebate a portion of Use Tax paid on out-of-state purchases over $500,000 and for construction projects exceeding $5 million to qualifying businesses
To quality for the rebate companies must:
Once you meet the qualifications, your company is eligible for a rebate of 15% to 25% of the net new Use Tax received over four quarters.
This is a win-win for the company and for Stockton. When you identify Stockton as the jurisdiction where equipment and/or material will be used, this allows the City to receive a greater percentage of the tax revenue.
For a complete explanation of the program, please review this adopted agenda item and ordinance.
To discuss how to participate in this program, please contact the Economic Development Department.
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This City of Stockton web page last reviewed on --- 5/14/2015