Portion of 5th Axis Tax Credit Recaptured | Governor s Office of Business and Economic Development | State of California | 5TH AXIS INC

Portion of 5th Axis Tax Credit Recaptured

The California Competes Tax Credit Committee approved recapturing $250,000 of the $3,500,000 tax credit awarded to 5th Axis, Inc. after its 2025 tax-year agreement expired with some credit unearned. The funds will be redirected to other qualifying California manufacturers.

Document date · June 18, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$250,000 tax credit recaptured (original award $3,500,000)

Contract type

FINANCIAL_SERVICES

Renewal date

2025-12-31

Renewal

Agreement expired at the end of the 2025 tax year; unearned portion of credit recaptured.

Document type

Minutes

Source document

Governor's Office of Business and Economic Development Committee Meeting Minutes 2026-06-18

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Governor's Office of Business and Economic Development Agenda California Competes Committee Meeting 2026-06-18

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 | State of California?

5th Axis Inc was awarded this financial services contract by Governor s Office of Business and Economic Development | State of California, as recorded on June 18, 2026. The contract value is $250,000 tax credit recaptured (original award $3,500,000).

How much is the 5th Axis Inc contract with Governor s Office of Business and Economic Development | State of California worth?

The 5th Axis Inc contract with Governor s Office of Business and Economic Development | State of California is valued at $250,000 tax credit recaptured (original award $3,500,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

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

What other contracts does 5th Axis Inc hold?

5th Axis Inc 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 5th Axis Inc's profile

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

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

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