Category Archives: Legislation
Sacramento Business Journal: “Enterprise zones brace for change”
The Sacramento Business Journal has the following extensive article on on Enterprise Zones today: The death of California’s redevelopment agencies makes enterprise zones more necessary than ever to keep and create jobs, say some business and city officials. But ominous language about reform in Gov. Jerry Brown’s proposed budget has them worried. “The governor was [...]
Assemblyman Solorio Sends Email Blast Celebrating New Anaheim Enterprise Zone
State Assemblyman Jose Solorio (D-Anaheim) just sent out a press release via email celebrating the new Anaheim Enterprise Zone which will be operational tomorrow, Feb. 1, 2012: SACRAMENTO – State Assemblyman Jose Solorio (D-Anaheim) heralded the fact that the City of Anaheim Enterprise Zone designation will be effective starting tomorrow. He issued the following statement: [...]
Assembly Speaker John Perez Thinking About Enterprise Zones Again
In an interview with KQED’s John Myers, Assembly Speaker John Perez has raised the issue of revising the Enterprise Zone program again: A second look will also no doubt be taken at the issue of local economic development in the wake of the California Supreme Court ruling that abolishes more than 400 local redevelopment agencies [...]
Assemblyman V. Manuel Pérez Pulls AB 231
Assemblyman V. Manuel Pérez has made a strategic decision not to hear AB 231 in the Assembly Jobs Committee in January. Since Assembly bills need to get out of their house of origin by January 31st, this means that AB 231 will die. It appears that Assemblyman Pérez will rather use AB 1411, another Enterprise [...]
AB 231 Scheduled for Jobs Committee Hearing
The Assembly Jobs Committee chaired by Assemblyman V. Manuel Pérez has scheduled a hearing for AB 231 on January 4, 2012 at 2 pm. This bill was originally crafted in response to Governor Brown’s proposal to eliminate the Enterprise Zone program, and seeks to achieve cost savings through a variety of substantial changes. The expectation [...]
League of California Cities Reaction to HCD
Here is the League of California Cities reaction to the meeting held by HCD last week: Last year, Gov. Jerry Brown sought to eliminate California’s Enterprise Zone Program, which provides tax incentives to help attract business to the state, retain and expand business and industry, and create job opportunities for Californians. This proposal was ultimately [...]
HCD Proactively Seeking Changes to Enterprise Zone Program
On Wednesday HCD Director Cathy Creswell hosted a meeting in Sacramento for Enterprise Zone stakeholders to provide an update on the memo sent out on October 10, and to explain the Department’s goals and strategy for program reforms. There was a handout listing “Topics for Potential Enterprise Zone Reform.” It was emphasized that these were [...]
Gov Vetoes Second Tax Credit Limiting Bill: SB 508
Just on the heels of his veto of SB 364, the Governor has also vetoed SB 508. That bill would have required: any bill, introduced on or after January 1, 2012, that would authorize a personal income or corporation tax credit to contain, among other provisions, (1) specified goals, purposes, and objectives that the tax [...]
Governor Vetoes SB 364
The Governor has vetoed the tax credit related bill SB 364. This bill would have: This bill would, with respect to any business tax credit, as defined, enacted after the effective date of this bill, require a qualified taxpayer, as defined, that claims a business tax credit and that has a specified net decrease in [...]
Governor Announces Bipartisan Agreement on the California Jobs First Plan
Here is the press release from the Governor’s office on the new bi-partisan deal announced today. The following are the bullet points summarizing the proposal: Applies the Mandatory Single Sales Factor (SSF) to all businesses in California. Reduces the tax rate by a half percent for the first $50,000 in taxable income for most corporations [...]
AB 1278 Postmortem: Video
Here is the video of the Jobs Committee hearing on AB 1278. There was quite a lot of spirited discussion:
AB 1278 Postmortem: The Bill Analysis
AB 1278 authored by Assemblyman Jerry Hill failed to pass through its hearing in the Assembly Jobs Committee yesterday. The bill sought to severely limit an employer’s ability to claim Enterprise Zone tax credits if they relocated to an Enterprise Zone from another part of the state. Toni Symonds, the consultant for the Assembly Jobs [...]
AB 1411 Postponed
According to the latest status update, Assemblyman V. Manuel Perez has delayed the next committee hearing for his Enterprise Zone bill AB 1411.
AB 1278 Amendments Even More Restrictive
AB 1278 by by Assembly member Jerry Hill seeks to restrict employers’ access to Enterprise Zone tax credits if they relocate to a zone from within California. The following is a new amendment that was just introduced that is even more restrictive to the taxpayer and is reflective of a policy change introduced by the [...]
AB 1411 Amendments Limit the Size of Future Enterprise Zones
As promised in the Senate Transportation & Housing Committee, some amendments have been made to AB 1411. Most significantly is an idea that has been floated repeatedly in Enterprise Zone reform discussions, the limitation of the size of future zones. Here is how the new language reads: (1) If any portion of the proposed zone [...]
