Tag: Tax Credit
Adopted Budget Includes Targeted Tax Benefits, One-Time Increases
This week the Legislature passed, and the Governor signed a $300 billion state budget that includes a number of targeted tax benefits for businesses,...
Film Tax, 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...
May Budget Revise Focuses on Use of Record Surplus
The strong economic performance by key California industry sectors and entrepreneurs was reflected last week in the upward revision of the state’s general revenues...
Extending CalCompetes Incentive Program Key to Job Growth, Statewide Investments
The COVID-19 pandemic triggered the deepest recession since the Great Depression. But just as the economic toll was steep, so is our economic recovery.
Much...
4 Job Killer Bills Stopped, 1 Tax Bill Stalled
California Chamber of Commerce policy advocates working alongside advocates from allied business groups succeeded in stopping four CalChamber-job killer bills from advancing in the...
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...
Revenue Windfall Provides Opportunity
California’s mighty work-from-home economic engine continues to create massive value for workers, employers and entrepreneurs — and not incidentally for the state treasury.
The nonpartisan...
Governor Signs Sick Leave, Small Business Relief Bills
Governor Gavin Newsom this week signed a bill package providing $6.1 billion in tax relief, tax credits and grants for small businesses hurt by...
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...
COVID Paid Sick Leave, Tax Credit Package Moving
The Legislature will take its first actions on Governor Gavin Newsom’s proposed 2022 budget and policy proposals this week and next, after negotiating a...
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: Restore 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 Way for Real 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...
CalChamber-Led Coalition Calls for Legislative Action
The California Chamber of Commerce is leading a coalition of more than 75 allied groups in urging Governor Gavin Newsom and California legislators to...
Legislators Urge End to Business Tax Increase
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...
Congress Declines to Extend Families First Coronavirus Act Mandate
On December 27, 2020, President Donald Trump signed a second stimulus package addressing the economy and the COVID-19 pandemic. Among the many issues resolved...
