California Adopts New Business Friendly Tax Incentive! July 1, 2014

California Adopts New Business Friendly Tax Incentive! July 1, 2014

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As SyncFAB prepares for the opening of our New Berkeley,California Innovation Hub later this month – we have kept ourselves quite busy obtaining the right additive manufacturing equipment and calculating our tax bill for the purchases:(

Indicative of our vision of localized manufacturing and as if a direct supportive gesture from the State of California in blessing our company mission – on the exact day of a key equipment purchase – a Timely and Key California Tax incentive went into effect on July 1, 2014 reducing by a whopping 4.1875% the business sales and use tax rate of equipment purchases for “Manufacturing and Research & Development” purposes! These are the kinds of policies used to encourage business development in China and should help stem the flow of business departures to Texas!

Details and application for the tax incentive are here: http://www.boe.ca.gov/sutax/manufacturing_exemptions.htm#Sellers

Bravo California – We Applaud You and Keep it Up!

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