FINANCIAL_SERVICESRECOMMENDED

Kubota Faces $450K Recapture of State Tax Credit

The California Competes Committee is set to vote on recapturing $450,000 of Kubota Tractor Corporation’s $1,950,000 tax credit award after its 2025 tax year agreement ended with unearned incentives. The action concerns a project in Elk Grove for heavy machinery distribution and training.

Status
RECOMMENDED
Document date
June 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Kubota Tractor Corporation
Agency
Governor s Office of Business and Economic Development · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$450,000
Contract type
FINANCIAL_SERVICES
Contract term
Through end of 2025 tax year
Renewal date
2025-12-31
Renewal
Agreement expired at end of 2025 tax year; portion of the award not earned is recommended for recapture.
Document type
Agenda
Source document
Governor's Office of Business and Economic Development Agenda California Competes Committee Meeting 2026-06-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Governor s Office of Business and Economic Development?

Kubota Tractor Corporation was awarded this financial services contract by Governor s Office of Business and Economic Development, as recorded on June 18, 2026. The contract value is $450,000.

How much is the Kubota Tractor Corporation contract with Governor s Office of Business and Economic Development worth?

The Kubota Tractor Corporation contract with Governor s Office of Business and Economic Development is valued at $450,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Governor's Office of Business and Economic Development Agenda California Competes Committee Meeting 2026-06-18 (Agenda), dated June 18, 2026 from Governor s Office of Business and Economic Development. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kubota Tractor Corporation hold?

Kubota Tractor Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Kubota Tractor Corporation's profile

What is Governor s Office of Business and Economic Development currently buying?

Explore Governor s Office of Business and Economic Development's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Governor s Office of Business and Economic Development's profile

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