Investing in Older Workers Act of 2016 Would Increase WOTC Tax Credit Earned for Hiring Older Workers Suffering Long Term Unemployment
Representative Bonnie Watson Coleman of New Jersey has sponsored a bill to increase the amount of Work Opportunity Tax Credit generated by wages paid to older Long Term Unemployment Recipients.
This bill, known as the Investing in Older Workers Act, would increase the maximum qualifying wage from the current $6,000 to $14,000 for qualifying Long Term Unemployment Recipients who are age 55 or older. As a result, the maximum tax credit amount that could be generated by hiring an an older long-term unemployment recipient would increase from $2,400 to $5,600. (more…)
- Published in Uncategorized
Governor’s May Budget Revise Proposes Substantial Changes to California Enterprise Zone Program
California Governor Jerry Brown released his May budget revise today, revealing additional intentions for the State’s enterprise-zone program.
From page 68:
“The [enterprise zone] hiring credit will be refocused to specific areas with high unemployment and poverty rates. This credit will be available for the hiring of long-term unemployed workers, unemployed veterans, and people receiving public assistance. The Enterprise Zone sales tax program will be expanded to a statewide, upfront sales tax exemption for manufacturing or biotech research and development equipment purchases.”
- Published in CA Enterprise Zone, California
State Democratic Whip Concerned about Changes to CA Enterprise Zones
California State Assemblyman V. Manuel Perez published an editorial this week, in which he praises many aspects of the Governor Jerry Brown’s budget. He expresses concern, however, about the proposed regulatory changes to the state’s Enterprise Zone program. (more…)
- Published in CA Enterprise Zone
Grumpy Governor Obstructing CA Enterprise Zone Designations
Denise Madrid of The Porterville Recorder summarized a provocative situation faced by up to nine “conditionally” designated California enterprise zones. Govern Jerry Brown’s office had directed California’s Department of Housing and Community Development (HCD), the bureaucracy that oversees the state’s EZ program, to drive with its brakes on.
Conditional-designation status is a normal phase in the lifespan of every new enterprise zone. Nine of the state’s 42 legally designated enterprise zones remain in limbo, however, as HCD delays action required to finalize their status. (more…)
- Published in CA Enterprise Zone
CA Enterprise Zones Safe – New Positive Reforms In Play
Most Californians are aware, if at least only vaguely, that our politicians finalized the state’s budget for the year and that Governor Jerry Brown has indeed signed off. That’s last week’s news. Many of us, I am sure, would have appreciated the option of being less aware as it was happening. (more…)
- Published in CA Enterprise Zone
Waiting for Governor to Sign – New Budget Does Not Touch CA EZ Program
The budget deal passed by the California legislature yesterday does NOT include measures to modify the state’s enterprise zone program. We’ll report more AFTER the governor signs the legislation approving the budget. Final passage is expected since the budget deal was worked out between Governor Brown and his fellow Democrats in the legislature, without Republican support. (more…)
- Published in CA Enterprise Zone
Quick Update on California State Budget and Enterprise Zone "Reform"
California Governor Jerry Brown vetoed the state budget today. From the Los Angeles Times:
Gov. Jerry Brown issued a historic veto of the budget approved by Democratic lawmakers hours after they passed it, opening wide a rift within his own party and throwing the state’s financial future into limbo.
The Democrats had pushed through the spending plan Wednesday, relying heavily on crafty accounting to patch over the state’s deficit, after the governor’s talks with Republicans on a tax package faltered.
- Published in CA Enterprise Zone
CA Budget Passed Without Vote on Enterprise Zones’ Fate
This afternoon, the California legislature passed a budget, which now awaits the approval of the Governor Jerry Brown. Supporters of California’s enterprise zone program may breathe easier, at least for a few days. The state has come to the tipping point in the budget battle without voting yes or no on AB 103, which would reform the enterprise zone program out of existence.
So far, the program continues without change. As reported this afternoon by the Communities to Save Enterprise Zones, (more…)
- Published in CA Enterprise Zone
Preserve the CA Enterprose Zone Program – Oppose CA Assembly Bill 103
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Californians for Jobs and Safe Communities continues its effort to defeat Governor Jerry Brown’s proposal to “reform” the state’s enterprise zone program out of existence. The destructive reform legislation has been added to Assembly Bill 103, which could be voted on at any time. (more…)
- Published in CA Enterprise Zone
CA Senator Bob Dutton – Enterprise Zones Work, Don’t Mess With Them!
This opinion piece by California Senator Bob Dutton was originally published in the Riverside Press Enterprise. Senator Dutton reposted it on his own website yesterday.
Enterprise zones are proven job creators, help small businesses expand and save the state’s general fund millions of dollars each year. Gov. Jerry Brown’s proposal to eliminate the program was misguided, and his new idea to “reform” it is equally devastating to the tens of thousands of Californians desperate to find work during this recession. (more…)
- Published in CA Enterprise Zone