Posted by Assemblyman Donald P. Wagner at 10:45 am on Aug 26, 2011 Comments Off on Toe Tags for GOP Bills
As the current legislative session winds to a desultory close, I
had the occasion recently to look back on the bills Republican
Assembly Members had offered to make the state more business
friendly. The sight was not a pretty one. Dead Republican bills
littered the committee rooms and assembly floor. The local morgue
does not have enough toe tags for all of the good, pro-jobs bills
killed this year in Sacramento.
For example, the Republicans proposed several bills offering tax
incentives to small businesses. Paul Cook’s AB 166 eliminated the
yearly Minimum Franchise Tax on small businesses to make easier
expansion and the hiring of new workers. If wholesale elimination
was too much for the Democrats, then Martin Garrick offered AB 821
reducing that Minimum Franchise Tax from $800 to $100 for the
second through tenth years of operation. If even that was
too much, Mike Morrell proposed AB 368 to cut the tax for only the
first six taxable years. And finally, if all else failed, Jim Silva
had a bill, AB 831, to at least provide a break in the Minimum
Franchise Tax to the few entrepreneurs who establish single member
limited liability companies. No, no, no, no,… Read More