Gavin Newsom was sworn in on Monday as California’s Lieutenant Governor. After his speech on that occasion in Sacramento, Mr. Newsom commented on Governor Jerry Brown’s budget proposal to eliminate state enterprise zones and redevelopment agencies. (more…)
Tag: District Of Columbia Enterprise Zone
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Rick Orlov, Staff Writer for the Contra Costa Times reports that local officials from Los Angeles are speaking out against Governor Jerry Brown’s proposal to eliminate state enterprise zones and redevelopment areas. This comes as no surprise, of course, and we anticipate many more state and local leaders to join that chorus. (more…)
California Budget, California Enterprise Zone, City Of Los Angeles, Defending Enterprise Zones, Governor Jerry Brown, Los Angeles City Councilman Richard Alarcon, Los Angeles Mayor Antonio VillaraigosaRead more: Los Angeles Officials Loud and Clear Against CA Governor’s Proposal to Eliminate Enterprise ZonesPUBLISHED IN
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California Enterprise Zones Believe Job Creation is a Key to Bolstering California’s Economy
The California Association of Enterprise Zones (CAEZ) understands California and Governor Brown are looking for ways to close a $28 billion budget deficit. CAEZ believes the ultimate solution will only be achieved through strengthening California’s economy and creating jobs. (more…)PUBLISHED IN
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I would be remiss, with all the buzz on this subject, if I didn’t at least mention it.
An unnamed source “familiar with his budget proposal” revealed to the Sacramento Bee on Monday that Governor Jerry Brown’s yet to be revealed proposal includes plans to “wipe out hundreds of local redevelopment agencies” and to eliminate enterprise zones. (more…)PUBLISHED IN
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Democrat Luis Alejo, of the 28th Assembly District published a Soapbox article today on TheCalifornian.com. Alejo was chosen by voters as a new member of the California Assembly in the recent elections.
Democrat Assembly Speaker John Perez recently appointed Alejo as Vice Chairman of the Assembly Local Government Committee, a committee that, according to Alejo “will be in a key leadership role over all matters affecting local government.” Alejo is also a member of the Assembly Budget Committee. (more…)PUBLISHED IN
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If your company participated in the HIRE Act’s 2010 payroll tax exemption there is important IRS information you need to know. Without becoming anyone’s tax advisor (I’m not), let me point out a thing or two from the IRS website. I strongly recommend that you go there yourself (and make sure your payroll services provider is fully informed!). (more…)
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It was such big news; I put off posting it for a couple of days.
Although there were some hiccups, the US House of Representatives passed the Senate version of the tax bill on Thursday without amendments. President Obama signed the bill on Friday. For now, it is done. (more…)PUBLISHED IN
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The US House is schedule to vote on the tax bill today. The House Rules Committee, however, is allowing a vote on only one proposed amendment – an amendment to increase the estate tax. The rule allows no other motions or amendments on the bill.
While we hoped for an extension of the HIRE Act payroll tax exemption, that program will end for new hires (as it was originally scheduled) on December 31. Do not forget, however, that the HIRE Act’s worker-retention tax credit remains in play — many employees who qualified for the payroll tax exemption in 2010 will generate an additional income tax credit for their employer in 2011 after working for 52 weeks.
Some employers who participate in the Work Opportunity Tax Credit (WOTC) program will experience a small decrease in qualifications in 2011 as the Disconnected Youth and Unemployed Veteran target groups also expire. We are consoled, however, by the fact that the WOTC program itself has been renewed through 2011.
So, far now — for now — the fight is temporarily over. In 2011, we will be working with the new Congress to renew and extend as many of these provisions as feasible. If you’re interested in joining the WOTC Coalition and playing some role in the effort, contact Paul Suplizio, President of the WOTC Coalition. Visit the Coalition’s website at www.WOTCCoalition.com.PUBLISHED IN
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The Senate today passed the much anticipated tax bill without renewing the HIRE Act Payroll Tax Exemption, federal Renewal Communities, or the WOTC provisions for disconnected youth, unemployed veterans, or Gulf Opportunity Zone employers. This is a disappointment, but not unexpected.
Now that HR 4853 has been passed to the U.S. House of Representatives, eyes turn to susceptible House members seeking an amendment to add these provisions. If these incentives are important to you, please consider contacting House Members from your jurisdictions and urge them to support including these 5 provisions with any amendments to the tax bill. Make a special effort to contact Ways and Means Chairman Sander Levin.
Paul Suplizio, President of the WOTC Coalition, pointed out today that these 5 programs are “current-law job creation incentives” — so we are not urging the creation of any new program. In summary, what we seek:- Extension of the HIRE tax credits
- Extension of the Renewal Community program
- Extension of WOTC for disconnected youth
- Extension of WOTC for unemployed Iraq-Afghanistan era veterans
- Extension of WOTC for Gulf Opportunity Zone employers
On the bright side, the bill passed by the Senate does include reauthorization of:
- The WOTC Program through 2011
- The Research and Development Tax Credit
- The Indian Employment Credit
- The Empowerment Zone Program
- The District of Columbia Enterprise Zone
See my previous post on this.
Charles Rangel, Disconnected Youth, Hire Act, Hiring Incentives To Restore Employment Act, Payroll Tax Exemption, Sander Levin, Tax Credits, U S House Of Representatives, U S Senate, Unemployed Vetaran, Work Opportunity Tax Credit, Wotc, Wotc CoalitionRead more: U.S. Senate Passes Tax Bill – Eyes Turn to House to Please Add Back Missing Tax Incentives!PUBLISHED IN
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