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Tax Credits

BUSINESS
July 12, 1990 | CARLA LAZZARESCHI, TIMES STAFF WRITER
A high-level panel of business and government leaders will recommend today a package of aggressive tax credits to revitalize the nation's semiconductor equipment industry, seeking to alter the Bush Administration's continuing opposition to an industrial policy favoring the electronics industry.
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CALIFORNIA | LOCAL
September 6, 1991
Mayor Tom Bradley on Thursday urged California's congressional delegation to support the extension of an annually funded federal low-income housing tax-credit program that has generated 3,000 affordable units in Los Angeles over the past five years. Congress has not indicated whether it will renew the 5-year-old program, which provides $300 million worth of tax credits each year to investors who purchase interests in housing for low-income tenants over a 10-year period.
CALIFORNIA | LOCAL
March 28, 1998 | Associated Press
A proposal that would grant generous Pennsylvania state income tax credits for donors to certain charities has heightened the debate over how government provides for those who cannot provide for themselves. Amid rollback of the nation's welfare system, help for the poor now comes from state government and the state's nearly 26,000 charitable organizations with priorities that do not always mesh.
NEWS
December 16, 1999 | AMY PYLE, TIMES STAFF WRITER
As an incentive for agreeing to work five years in low-performing schools, California teachers could receive a federal tax credit of $37,000 or more to help them buy homes under a proposal announced Wednesday by state Treasurer Phil Angelides. The goal, subject to approval in January by a state commission that Angelides heads, is to begin offering the incentives in June and continue for four years.
BUSINESS
November 1, 1988 | GREGORY CROUCH, Times Staff Writer
Beverly Hills venture capitalist Jack Salzberg had one objective when he was looking to invest in a company back in 1983. Buy the biggest loser he could find. Micro-Z Corp. in Monrovia was perfect. The company's computerized hotel reservations systems had never sold very well, and its losses piled up. In March, 1983, the company filed for Chapter 11 bankruptcy protection from creditors because its liabilities exceeded assets by $5 million.
NEWS
February 20, 1993 | ELIZABETH SHOGREN, TIMES STAFF WRITER
A little noticed feature of President Clinton's economic program would lift all working families with children above the poverty level for the first time in American history, Administration officials say. Some tax experts on Friday disputed the contention. But there is no doubt that the Clinton Administration's plan to expand the Earned Income Tax Credit would result in a big boost to the working poor.
NEWS
May 11, 1996 | ELIZABETH SHOGREN, TIMES STAFF WRITER
In an effort to encourage adoption, the House overwhelmingly passed a measure Friday that would provide a tax credit of up to $5,000 per child to offset adoption costs incurred by middle-income families. The measure, approved, 393 to 15, also forbids state and private agencies to delay placement of children with available families while attempts are made to find parents of the same race, color or national origin as the child.
BUSINESS
March 1, 1992 | KATHY M. KRISTOF
Those with modest incomes are likely to get several pleasant surprises when they file this year's income tax return. Standard deductions, personal exemptions and tax credits for low-income families are more generous this year, making it far more likely that these individuals will get tax refunds. But actually filing a return will be more complicated for some families because of recent changes in the earned income tax credit.
NEWS
January 15, 1988 | DOUGLAS SHUIT, Times Staff Writer
Gov. George Deukmejian may offer a compromise in hopes of preventing critics from following through on a proposed constitutional amendment to allow a tax credit for individuals and businesses making contributions to AIDS research, the governor's finance director said Thursday. Deukmejian vetoed a tax credit bill last year. He is also opposed to the proposed constitutional amendment, which is backed by state Controller Gray Davis and some other Democrats.
NEWS
September 26, 1989 | DANIEL M. WEINTRAUB, Times Staff Writer
Saying he was taking an important step toward providing health insurance for all working Californians, Gov. George Deukmejian on Monday signed legislation offering tax credits for small businesses that provide minimum medical coverage for their employees. Deukmejian also signed a related measure that requires his Administration to study new ways of guaranteeing health insurance for the estimated 2.7 million employed Californians who do not have coverage.
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