Sacramento, CA -- Assemblywoman Sharon Quirk-Silva (D-Orange County), Chair of the Assembly Committee on Assembly Committee on Jobs, Economy Development, and Economy (JEDE) and Assemblyman Jim Cooper (D-Elk Grove) and Senator Cathleen Galgiani (D-Stockton) will held a press conference to discuss their legislation to help California attract and retain manufacturing and production jobs.
âIn order to keep the California dream alive for working families we need to make sure that they have jobs to go to that move them up into the middle class,â said Assemblywoman Quirk-Silva. âAs Chair of the Jobs Committee, I know these tax incentives create advantages for the full spectrum of California businesses â from start-ups to expansions and relocations, to manufacturing and Main Street.â
âCaliforniaâs existing program has had a positive impact, but problems with the legislation have made it impossible for some employers to utilize the partial sales tax exemption,â Senator Galgiani said. âIt is vital that we fix the problems, to protect Californians who work in manufacturing.â
The twin bills, AB 600 and SB 600, will improve and expand a partial sales tax exemption for manufacturing and R&D equipment, created by the Legislature and Governor four years ago. AB 600 is scheduled to be heard April 24 in the Assembly Revenue and Taxation Committee and SB 600 is scheduled to be heard April 26 in the Senate Governance and Finance Committee.
The lawmakers were be joined at the press conference by California Taxpayers Association President Teresa Casazza, and California Manufacturers & Technology Association President Dorothy Rothrock. CalTax and CMTA are cosponsors of the legislation.