Tuesday, November 29, 2022

Tag: Tax Credit

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...

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...