Tag: Tax Credits

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...