2021 Main Street Small Business Tax Credit II
Your business may qualify for a tax credit!
Available credits are limited, so don’t delay!
The 2021 Main Street Small Business Tax Credit II will provide COVID‑19 financial relief to qualified small business employers. We will be accepting online applications to reserve tax credits from November 1 - 30, 2021. The application period may close earlier if the credits run out. Qualified small business employers may apply to reserve $1,000 per net increase in qualified employees, up to $150,000 in tax credits to offset the tax due on either their income tax or sales and use tax return.
The credit applies to California small businesses that:
- Employed 500 or fewer employees as of December 31, 2020, and
- Experienced a decrease of 20 percent or more in income tax gross receipts by comparing specified periods.
La Verne Chamber of Commerce
2332 D Street, Unit E
La Verne, CA 91750