Section 12096.6 - DefinitionsFor 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.(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 Section 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 Section 18410.2 of the Revenue and Taxation Code.Added by Stats 2021 ch 74 (SB 151),s 1, eff. 7/12/2021.