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SB 1391 - Business Tax Incentive Amendments - California Key Vote

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Title: Business Tax Incentive Amendments

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that requires businesses receiving tax incentives in California to pay back part or all of the tax incentives in addition to any applicable interest if the business decreases the number of full-time equivalent employees in the state, beginning with the 2011 taxable year and including all taxable years thereafter.

Highlights:

  • Defines a "business tax incentive" as a credit, deduction, exclusion, exemption, or any other tax benefit provided by the state, added by an Act that takes effect beginning on or after January 1, 2011, and enacted with the purpose of creating new jobs in the state (Sec. 1).
  • Requires businesses that claim any business tax incentives in California to report the number of full-time, part-time, and temporary employees employed by the business in the state for the current and preceding taxable years (Sec. 1).

NOTE: A MAJORITY OF THE TOTAL MEMBERS IN THE LEGISLATIVE BODY IS REQUIRED TO PASS A BILL: 41 MEMBERS OF THE ASSEMBLY AND 21 MEMBERS OF THE SENATE.

Full Bill Text

See How Your Politicians Voted

Title: Business Tax Incentive Amendments

Vote Smart's Synopsis:

Vote to pass a bill that requires businesses receiving tax incentives in California to pay back part or all of the tax incentives in addition to any applicable interest if the business decreases the number of full-time equivalent employees in the state, beginning with the 2011 taxable year and including all taxable years thereafter.

Highlights:

  • Defines a "business tax incentive" as a credit, deduction, exclusion, exemption, or any other tax benefit provided by the state, added by an Act that takes effect beginning on or after January 1, 2011, and enacted with the purpose of creating new jobs in the state (Sec. 1).
  • Requires businesses that claim any business tax incentives in California to report the number of full-time, part-time, and temporary employees employed by the business in the state for the current and preceding taxable years (Sec. 1).

Full Bill Text

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