Global Trade Alert
Global Trade Alert

United States of America/State of California: The government of California concludes a $20.5 million tax credit agreement with Sorrento Therapeutics, Inc

Announcement

04 Nov 2021

In November 2021, the government of California reached a tax credit agreement with Sorrento Therapeutics, Inc.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jul 2025

Revocation date:

30 Jun 2026

Announced: 04 Nov 2021
Tax or social insurance relief In force
On 4 November 2021, the California Governor’s Office of Business and Economic Development (GO-Biz) announced concluding a California Competes Tax Credit Allocation Agreement with Sorrento Therapeutics...
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