Incentives, Taxes + Utilities
Resources for companies considering the Central Coast
Ready to get down to the brass tacks of expanding your business on the Central Coast? Here’s your guide to business incentives, taxes and utilities in the region.
Incentives
The State of California offers a comprehensive program of incentives, grants and financing assistance to spur business growth and opportunity in the world’s 5th-largest economy.
Taxes
California businesses should expect to pay corporate income, payroll and inventory taxes. Some industries also involve special taxes and fees.
Sales and use tax rates in San Luis Obispo and Santa Barbara County cities range from 7.25% to 9%.
8.84%
Top State Corporate Income Tax
8.84%
Top State Corporate Capital Gains Tax
13.3%
Top State Personal Income Tax
13.3%
Top State Personal Capital Gains Tax
Utilities
Electricity + Gas
The Central Coast is served by two investor-owned electric utility services, PG&E and Southern California Edison, along with the community choice aggregator Central Coast Community Energy (3CE).
SoCalGas is the region’s natural gas utility.
Water
Water and wastewater services are coordinated through the two counties.
