Key Calif. State Senator Seeks to Eliminate Life-Sci Friendly Tax Break to Ease Budget Shortfall
Labor, health, and consumer advocates have asked the state to repeal the new single sales factor apportionment measure before cutting spending on social programs, but the life science industry is seeking to retain the tax break.
CA Senate Group to Take Up Measure on New Program Using Life-Sci Pros to Advise State Lawmakers
If it passes the state Senate, the measure, which passed the assembly, would declare it ethical for a lawmaker to solicit advice from life-sci pro hired through the new California Science and Technology Policy Fellowship program.
Jerry Hill, Chad Ziegler, Michael Allen Luther, Drew Harris, Christopher Donovan
The decision, part of the state's 2010 budget, will allow life-sci shops in FY2011 to determine the percentage of corporate income taxes they owe the state based solely on sales, rather than combining sales with payroll and owned property.
Gaithersburg West Master Plan, Ben Franklin Technology Partners, University of Houston Institute of Biomedical Research, Connecticut Economic Development Consolidations, South San Francisco Life Sciences Career Fair, New York City Biotechnology Tax Credit