#3 Tax and Budget

CSBA supports a balanced state budget including budget reform, without an increase in taxes. Target areas are any increases in the cost of doing business in California including, unemployment tax and corporate franchise tax. We support taxes for e-commerce, the elimination of the minimum corporate franchise tax in non-profitable years and a carryover of net operating losses to conform to federal tax laws.

Bill Summaries

Bill Summary
AB 153 – Skinner: Includes internet retailers to collect sales taxes on purchases. Support.
AB 166– Cook: Corporation Taxes: Eliminates Minimum Corporate Franchise Tax Support
AB 218 – Wieckowski: Provides a state sales and use tax exemption for purchase of manufacturing equipment. Support.
AB 368 - Morrell: Reduces minimum tax for first six taxable years of small business corp. or partnership. Support
AB 831 – Silva: Exempts a single member limited liability company or govt entity from annual tax and information return. Support.
AB 979 - Silva: Exempts from taxes gross receipts of sale & storage of qualified tangible personal property for use primarily in manufacturing and contracting. Support
AB 998 - Morrell: No vote on budget bills could be taken until 72 hrs after internet posting to the public. Support
AB1009 - Wieckowski: Expands definition to 100 employees for New Tax Hire credits. Support SB 156 - Emmerson: Defines qualified employer as 50 or fewer employees. Support
AB 1057 - Olson: Exempts manufacturers from sales tax on personal property for use in mfg process in R&D or air pollution mitigation. Support
SB 14 - Wolk: Requires budgets for 2014-15 and thereafter be developed pursuant to performance-based budgeting for each state agency. Support
SB 556 – Gaines: Federal conformity with Sm Bus Jobs Act of 2010 that gross income does not include sale of small business stock. Support
SB 830 Wright: Authorize 2 credits against income taxes for trade infrastructure investment. Support.

For more information on bills, pleae visit www.sen.ca.gov and enter the bill number.