California Government Code 12096.6 – For purposes of this article, all of the following definitions …
For purposes of this article, all of the following definitions apply:
(a) “Applicant” 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.
Terms Used In California Government Code 12096.6
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes any person, firm, association, organization, partnership, limited liability company, business trust, corporation, or company. See California Government Code 17
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
- Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10
(b) “California Competes Grant Program” means the program that authorizes the grants allowed under this article.
(c) “Committee” means the California Competes Tax Credit Committee established in § 18410.2 of the Revenue and Taxation Code.
(d) “GO-Biz” means the Governor’s Office of Business and Economic Development.
(e) “Qualified grantee” means an applicant for grants under this article that satisfies the requirements of subdivision (b) of Section 12096.6.1.
(f) “Recaptured grant amount” 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 § 18410.2 of the Revenue and Taxation Code.
(Added by Stats. 2021, Ch. 74, Sec. 1. (SB 151) Effective July 12, 2021. Repealed as of January 1, 2030, pursuant to Section 12096.6.6.)