Tag: Taxation

Tax Credits

Film Tax and Manufacturing Tax Credit Bills Continue On

CalChamber recently released its eighth semi-annual California Chamber of Commerce Poll and the results were clear- two-thirds of voters believe the country is headed down the...

State Legislation Could Make Gas Prices Even Higher

State lawmakers wrapped up their lawmaking business last week and commenced with the Legislature’s annual spring recess. While the state’s legislators are on break...

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...

Another Surplus and Another Wealth Tax

Governor Newsom’s January Budget proposal forecasted another historic surplus estimated to be approximately $45 billion. As 2022 marches on, that surplus continues to grow....

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...

Second Year of Legislative Session Off to a Fast Start

Both houses of the State Legislature recently wrapped up their work on 2-year bills that had a January 31st deadline to pass their house...

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...

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...

CalChamber, Coalition Urge Congress to Reject Tax Increases on Businesses to Pay for Reconciliation...

A coalition of business groups, including the California Chamber of Commerce, is urging the California Congressional Delegation to reject proposals in Congress to increase...

State Board of Equalization Holding Taxpayers’ Bill of Rights Hearing on August 24

On August 24, 2021, the State Board of Equalization (BOE) will hold the Taxpayers’ Bill of Rights Hearing virtually, starting at 10:00 a.m. According...

It’s Time to End 2020’s Emergency Tax Increases

In 2020 California passed a budget that reflected dire financial circumstances. A raging pandemic and shuttered economy led politicians and pundits to believe...

Clock Is Ticking On Legislative Action to Avert Employer Tax Increase

Like the rest of California society, employers are cautiously hopeful the worst of the pandemic has passed. The wreckage of human life, family health,...

Uncertainty Hurts R&D Investment That’s Key to State Competitiveness

California’s innovation-based economy pays economic dividends not only in our traditional technology hubs, but in every region of the state and in a wide...

CalChamber Commends Governor, Legislature for Providing Small Business Relief

The California Chamber of Commerce yesterday welcomed news that Governor Gavin Newsom signed into law a measure that will bring California into partial conformity...

CalChamber Commends Governor, Legislature for Providing Small Business Relief

The California Chamber of Commerce today issued the following statement in response to Governor Gavin Newsom's signature on AB 80 (Burke; D-Inglewood), a measure...

Legislators Urge End to Business Tax Increase: Restoration of NOL Deductions and Business Incentive...

A bipartisan group of 25 California Legislators led by Assemblymember Evan Low (D-Campbell) is urging Assembly Budget leadership to immediately end a tax increase...

Policy Briefing – Tax Fatigue

(January 22, 2021) Moderated by Preston Young, CalChamber policy advocate, the briefing featured presentations by experts on state and local tax impacts, plus a study...

California’s Challenge: Transforming Crisis to Opportunity

For much of our history, California was the land of opportunity because we were opportunistic. Whether by luck, agility or careful planning, we leveraged...

Governor’s Recovery Plan is Clear: Stop Increasing Taxes!

As discussed in my earlier blog this week, in September, Governor Newsom publicly expressed his opposition to new state tax increases. Yesterday, he unveiled...

Now is Not the Time for Tax Increases

When Governor Newsom endorsed Prop 15 in September – which voters soundly rejected in November – he specifically said “In a global, mobile economy,...