Tag: Tax Credits

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...

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...

Legislature Taking Up Governor’s Tax and Leave Proposals

The Legislature will take its first actions on Governor Newsom’s proposed 2022 budget and policy proposals next week, after negotiating a package deal to...

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...

California Should Reinstate Suspended Tax Credits with Another Historic Budget Surplus Coming

It’s hard to believe, but a little more than a year-and-a-half ago California’s financial prognosticators thought the state was barreling into a $54 billion...

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...
Job Creators

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)...

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...