(May 11, 2009) Senate and Assembly committee members will have the opportunity to vote on a number of California Chamber of Commerce-supported “job creator” bills this week.
Five of 15 proposals the CalChamber has identified as “job creators” that will improve the state’s job climate and stimulate economic recovery will be considered by Senate or Assembly policy committees next week. In addition, one bill has already won policy approval and faces a review of its fiscal impact on the state. A request for reconsideration is scheduled for another bill in the policy committee that rejected it last week.
Job Creators
Hearings have been scheduled next week for the following “job creator” bills:
Balanced Regulation
SB 356 (Wright; D-Inglewood) Small Business Impact Analysis — Improves climate for small business by reforming the regulatory development process to include a specific small business economic impact analysis and other provisions that mitigate the cost of regulation to small business. (Senate Appropriations Committee, May 11).
Improved Legal Climate
SB 393 (Harman; R-Huntington Beach) Court Awards — Improves fairness and equity of court awards by tying the interest rate on judgments to more closely follow the prime rate. (Senate Judiciary Committee, May 12).
Workplace Improvements/Training
SB 187 (Benoit; R-Bermuda Dunes) Flexible Work Schedules — Helps employees and employers achieve greater flexibility in work schedules by allowing workers to request and employers to mutually agree to a four-day 40-hour workweek without the payment of overtime. (Request for reconsideration in Senate Labor and Industrial Relations Committee, May 13).
Increased Construction Jobs
SB 49 (Dutton; R-Rancho Cucamonga) Homebuyer Tax Credit — Encourages recovery in the residential housing market by extending the duration and raising the funding cap of an already-successful economic stimulus program that offers homebuyers a $10,000 personal income tax credit for new home purchases. (Senate Revenue and Taxation Committee, May 13).
Encourages Investments
SB 699 (Alquist; D-Santa Clara) Manufacturing Investment Incentive —– Encourages investment and jobs in manufacturing by establishing a sales and use tax exemption for manufacturing equipment, beginning in 2013. (Senate Revenue and Taxation Committee, May 13).
AB 765 (Caballero; D-Salinas) Research and Development Credits — Encourages investment and jobs in research and development by increasing the research and development tax credit rate from 15 percent to 20 percent, in conformity with federal law, beginning in 2011. (Assembly Revenue and Taxation Committee, May 18).
AB 829 (Caballero; D-Salinas) Manufacturing Investment Incentive — Encourages investment and jobs in manufacturing by establishing a sales and use tax exemption for manufacturing equipment, beginning in 2013. (Assembly Revenue and Taxation, May 18).
Action Needed
The CalChamber urges members to contact their legislators to seek support for these bills.
Ask committee members and your representatives to support the job creators.
For sample letters, visit www.calchambervotes.com.
Staff Contact: Marc Burgat