Tag: Tax Credit
CalTax Files Suit Challenging State’s Retroactive Tax Increase
The California Taxpayers Association (CalTax) filed suit last month to challenge a retroactive tax increase, claiming it infringes on the rights of businesses operating...
Manufacturing Tax Credit Expansion Moves
A California Chamber of Commerce- supported job creator bill providing an economic incentive for manufacturers to invest in and expand production in California won...
COVID-19 Compliance Tax Credit Moves in Senate
Legislation to reimburse employers for the cost of complying with COVID-19 prevention regulations in 2023 and 2024 passed a Senate policy committee this week.
The...
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...
