By Calif. Assemblymember Marie Waldron (R)
I am happy to report that Senate Bill 90, legislation that will have a major impact on California’s economy, recently passed both houses of the Legislature with bipartisan support. SB 90 was subsequently signed into law by Governor Brown on July 11.
An important provision of SB 90 extends tax credits statewide for the purchase of manufacturing and biotech equipment. The bill was being debated by my colleagues and me on the Local Government Committee in response to previous legislation abolishing California’s Enterprise Zones program, which had just been approved. That bill included provisions granting tax exemptions for manufacturing and biotech equipment for only 4