Tag: Tax Credits
Manufacturing Tax Credit Expansion Bill Would Create Jobs, Bring Investment to California
A California Chamber of Commerce job creator bill that provides an economic incentive for manufacturers to invest in and expand their production capabilities in...
Tax Credit Program for California Businesses Opens Application Period on July 24
Starting next Monday, July 24, California businesses of any size or industry can apply to receive an income tax credit through the California Competes...
AB 1951 Critical for California’s Economic Future; Each Manufacturing Job Supports 2.5 Other Jobs
The California Chamber of Commerce is urging approval of AB 1951, a tax credit bill that will promote investment in the next generation of...
$85 Million in Tax Credits Available for California Businesses
This year's California Competes Tax Credit (CCTC) application period is underway and the Governor’s Office of Business and Economic Development (GO-Biz) has up to...
Manufacturing Tax Credit Proposal Moves Forward
A California Chamber of Commerce-supported bill that will invest in the next generation of manufacturing by expanding tax credits passed the Assembly floor this...
CalChamber-Supported Bill Provides Tax Credit for Clean Energy Costs
The California Chamber of Commerce is supporting a bill that proposes tax credits for certain clean energy products.
Previously a CalChamber job killer bill, SB...
Gas Prices and the Gann Limit
Nothing shouts “cost of living” quite as loudly as gasoline prices in Los Angeles averaging $6.01 a gallon. Inflation has reached a 40-year high...
California Film & TV Tax Credit Program Generates $21.9B in Economic Output, 110,000 Jobs...
California’s Film and Television Tax Credit Program contributed almost $21.9 billion in economic output over five years and supported more than 110,000 total jobs...
Policy Briefing – How the Research & Development Tax Credit Drives California’s Economy
Moderated by Preston Young, CalChamber policy advocate.
Matt Horton and Aaron Melaas from the Milken Institute on How the Research & Development Tax Credit Drives California’s...
CalChamber-Led Effort Results in Small Business COVID-19 Relief
An effort led by the California Chamber of Commerce with the support of a large coalition of allied groups has resulted in passage of...
State Leaders Should Use Budget Surplus to Restore Tax Incentives, Repay UI Debt
Only 18 months ago, expecting a massive pandemic-induced collapse of economic activity, California finance officials predicted a staggering $54 billion state budget deficit. The...
Business Groups Urge Restoration of Tax Credits, Net Operating Loss Deduction
The California Chamber of Commerce and a coalition of business groups are urging state legislators to restore the net operating loss deduction and business...
Legislature Passes Budget, Clearing the Way for Real Budget Negotiations
The Legislature fulfilled its constitutional obligation this week by approving a state budget just ahead of the June 15 deadline. But meeting the formal...
Governor’s Budget Proposes Economic Relief, No New Taxes
Nobody would have been surprised if Governor Gavin Newsom had presented his new state budget wearing a neck brace. The whiplash from budget boom...
California Film Commission Approves $52 Million in Tax Credits
The California Film Commission this week announced that 19 films have been approved conditionally for $52.2 million in tax credits. This is the fourth...
Fiscal Concerns Lead to Vetoes for Final Job Creator Bills
The Governor’s continued attention to fiscal prudence led to vetoes of two job creator bills that contained tax credits and a third job creator...
Two CalChamber Job Creator Bills in Policy Committee Monday
Two California Chamber of Commerce-supported job creator bills will be heard in the Assembly Revenue and Taxation Committee today.
AB 35 (Chiu; D-San Francisco)...
Bill to Restore Tax Credit Funding Goes to Governor
A California Chamber of Commerce-supported job creator bill to restore full funding to the California Competes Tax Credit program awaits action by the Governor...
New Law Provides Incentive to Bring Aerospace Jobs to California
An economic incentive program to attract new aerospace jobs to California is now in place with the signing of two California Chamber of Commerce-supported...