Economic Development Initiative
Governor Jerry Brown and the State Legislature created three new incentive programs, two of which are applicable to Tustin Legacy.
Sales and Use Tax Exemption
A sales tax exemption of 4.19% is available for basic manufacturing equipment. Tenant improvements for manufacturing or research and development may also be eligible.
New Employment Credit
Businesses may receive a credit equaling 35% of the qualified wages paid for each qualified full-time employee hired, beginning January 1, 2014, through January 1, 2021. Conditions for qualifying are as follows: