Can this be true? SB 974 was introduced by California Senator Darrell Steinberg (Dem) early this year in an attempt to substantially limit the impact of California’s Enterprise Zone Hiring Credit program. According to an article in the Santa Clarita Valley Signal today, “officials from Steinberg’s office said Wednesday that the legislation will probably not become law.”
Sounds good to me. However, so far I haven’t seen any other mention of any word from Senator Steinberg.
Enterprise Zone program changes proposed by SB 974 are: (1) Eliminate Targeted Employment Area residency as a criteria of employee qualification for the EZ hiring credit and (2) create a 42-day deadline for businesses to “apply for and obtain” an employee’s certificate of eligibility.
Please see previous posts for more discussion of this bill.
CA Darrell Steinberg’s Office Concedes that EZ Killer Bill Unlikely to Become Law
TAGGED UNDER :California, Enterprise Zone Hiring Credit, Enterprise Zones, Senate Bill 974, Tax Credits