Tag: Tax Credit
Budget: CalChamber Supports CalCompetes Tax Credit
The California Chamber of Commerce is supporting the Governor’s budget proposal to provide $120 million to fund a third year of the California Competes...
Federal Inflation Reduction Bill: Review of Impact on California
Given its size and economic diversity, California will both enjoy and suffer some major effects of the Inflation Reduction Act — approved Saturday by...
$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...
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 Over Five Years
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...
