Category Archives: Legislation
AB 1278 Moving Forward
AB 1278 authored by Assembly member Jerry Hill is moving forward and has been scheduled for a hearing in the JEDE Committee on August 16. The bill: would limit the application of these credits, for a taxpayer that relocates to an enterprise zone, a LAMBRA, a manufacturing enhancement area, or a targeted tax area from [...]
AB 1411 Passed Senate Committee
Assemblyman V. Manuel Pérez’s Enterprise Zone bill, AB 1411 passed through the Senate Transportation & Housing Committee yesterday on a 9-0 vote. The hearing can be seen here (beginning at about 1:30 into the video). In his introductory comments, Assemblyman Pérez said that he was accepting amendments proposed in the Committee’s analysis, namely: 1. To [...]
AB 1411 Will Have Senate Committee Hearing Today
The latest version of Assemblyman V. Manuel Pérez’s Enterprise Zone legislation, AB 1411, will have a hearing this afternoon in the Senate Transportation & Housing Committee. The hearing is scheduled for 1:30 and should be available for viewing at CalChannel. Here is an additional write-up from the Imperial Valley News: Sacramento, California – This Tuesday, [...]
AB 1411 Amendments Make Changes to Enterprise Zones
Assemblyman Manuel Pérez has teamed up with Senator DeSaulnier to amend AB 1411 to make certain majority-vote changes to the Enterprise Zone program. The following list is a rough idea of the provisions: 1. The statement of purpose of the program (and other G-TEDA programs) is updated. 2. New zones designated after 1/1/2012 will be [...]
SB 301: New Enterprise Zone Bill
Senator DeSaulnier has amended SB 301 so that it now deals with how future Enterprise Zones will be created. The idea behind this measure has been bandied about for a few years already, but I think this is the first time it has appeared as a stand-alone bill. In sum the bill would: provide that [...]
BOE Member George Runner Opposes SB 342
BOE Member and former Senator George Runner sent this letter to Senator Wolk in opposition to SB 342: Dear Senator Wolk: I am writing to express my opposition to your SB 342. SB 342 is an attempt to restrict taxpayers from working with tax consultants whomay assist them in amending previous returns. Your measure would [...]
SB 342 Pulled By Author – Now a Two Year Bill
My sources in Sacramento tell me that Governance and Finance Committee Chair Senator Wolk has pulled SB 342 and made it into a two-year bill. SB 342 would forbid the use of contingency fee arrangements between taxpayers and their advisors.
SB 342: Contingency Fees
SB 342 was amended by Senator Wolk on April 25 to disallow the use of contingency fee agreements between tax advisors (including lawyers, consultants, etc.) and taxpayers for any matters involving tax and “for services rendered in connection with any matter before the State Board of Equalization, Franchise Tax Board, or assessment appeals board, or [...]
More Amendments to AB 231 – Just Technical
Close watchers may have noticed another round of amendments to AB 231 today. These are just minor, technical fixes making some corrections to the bill language. No policy shifts from the Committee’s summary.
Enterprise Zone Reform – Significant Amendments to AB 231
Assembly Jobs Committee Chairman Manuel Perez has posted some significant amendments to his Enterprise Zone reform bill AB 231. The following is a summary prepared by the Committee of reforms now included in the bill: Summary of Issues Addressed in AB 231 – The Enterprise Zone Reform Package This summary has been prepared to assist [...]
EZ Reform Legislation
This morning, State Assemblymember V. Manuel Pérez will hold a press conference at a business location in Coachella to announce new legislation related to the Enterprise Zone program. The two bills, AB 231 and AB 232 are a result of nearly two years of work done by the Assemblyman and his Jobs Committee staff. AB [...]
V. Manuel Perez Picked to Continue as Chair of Jobs Committee
According to the Los Angeles Times, Assembly Speaker John Perez has chosen his leadership team and the list of members who will head legislative committees. The fill list is here, and includes V. Manual Perez as chairman of the Jobs, Economic Development, and the Economy Committee, the key committee for any Enterprise Zone related legislation.
Assemblyman V. Manuel Perez Commentary in the Desert Sun
The following Op-Ed by Assemblyman V. Manuel Perez appeared in the Desert Sun: With economic forecasters anticipating double digit unemployment in 2011, many Californians may be approaching the New Year with apprehension, concerned about whether they will be able to find work and make ends meet. This is why there is no higher priority for [...]
What’s Going on with Tax Credits in Washington?
H.R. 4853 has been amended in the Senate to become the “Middle Class Tax Relief Act of 2010.” A summary of the entire bill can be found here. As far as tax credits go, The package includes an extension of the Research and Development credit, Indian Hiring Incentive, Empowerment Zones, New Markets, the Wage Credit [...]
Gov Vetoes Bill to Publish Tax Credit Recipients
Governor Schwarzenegger vetoed AB 2666 which would have required FTB to publish a web site reporting tax credits claimed by publicly traded companies. The Governor’s veto message: To the Members of the California State Assembly: I am returning Assembly Bill 2666 without my signature. My Administration has consistently supported efforts for greater transparency in government, [...]
