April 10, 2014 |
SACRAMENTO - Private space companies, such as SpaceX in Hawthorne, would get a local property tax break on launch vehicles, fuel, satellites and other gear under a bill approved overwhelmingly Thursday by the state Senate. The proposal, AB 777 by Assemblyman Al Muratsuchi (D-Torrance), would create the exemption from local property taxes for a 10-year period that would end Jan. 1, 2024. Legislation is needed to modernize the state's tax code to encourage companies such as billionaire Elon Musk's SpaceX to build their rockets and spacecraft in California, Muratsuchi said.
CALIFORNIA | LOCAL
March 25, 2014 |
Republican gubernatorial candidate Neel Kashkari unveiled a jobs plan Tuesday that calls for corporate tax breaks, hydraulic fracturing of some California oil deposits, reduced regulations on business and increased spending on water storage. The 10-point plan, focused on manufacturing, water, energy and the business climate, is the first policy Kashkari has set forth since announcing in January that he would run for office. The former U.S. Treasury official said his plan would "unleash" the private sector, creating hundreds of thousands of jobs.
March 6, 2014 |
FilmL.A. produced another one of its gloomy reports on runaway production Thursday, this time looking at the 108 films released last year by the 11 leading studios. One of the most galling findings : More of those films had been shot in Louisiana than in the state that's home to 10 of those studios (that would be California, in case you've forgotten). Louisiana, really? That's almost as bad as the Lakers getting stomped by the Pelicans. What's worse, as my colleague Richard Verrier reports , California's share of big-budget films has shrunk dramatically.
CALIFORNIA | LOCAL
January 12, 2014 |
Five years after the Obama administration's renewable energy initiative touched off a building boom of large-scale solar power plants across the desert Southwest, the pace of development has slowed to a crawl, with a number of companies going out of business and major projects canceled for lack of financing. Of the 365 federal solar applications since 2009, just 20 plants are on track to be built. Only three large-scale solar facilities have gone online, two in California and one in Nevada.
January 8, 2014 |
How much longer can Hollywood claim to be the movie capital of the world? Can the California Legislature reverse the slide of film production away from Los Angeles simply by enhancing tax credits for the movie and television industry or, one day, will the Oscars be presented in Atlanta or Toronto or New Orleans? Such questions grow more pertinent year by year. Lawmakers in Sacramento are now mulling over a plan that would extend the current $100-million movie industry tax credit program that is set to expire on July 1, 2017.
January 7, 2014
Re "Big tax breaks for the taking," Column, Jan. 5 As Boeing's threat to relocate final assembly of its new 777X from Washington state to whichever state or whichever workers can offer it the best deal shows, the race to the bottom continues. Corporations play one government against another to gain tax breaks and other benefits. The "winning" entity often receives dubious value in return for the gifts. The primary effect nationwide is to reduce the corporations' tax contributions, transferring the burden to individuals.