CALIFORNIA | LOCAL
September 1, 2012 |
SACRAMENTO - On its final day in session this year, California's Legislature on Friday sent Gov. Jerry Brown a package of cost-cutting changes to the state's pension systems that would require workers to pay more toward their benefits, raise the retirement age for new employees and plug loopholes that inflate monthly payments. Lawmakers also passed bills that would provide a $55-million bailout for the Inglewood school district, give college students a break on textbook costs, protect tenants' cats from declawing requirements and waive environmental rules for an overhaul of the emergency communication system serving Los Angeles County.
August 31, 2012 |
The state Senate has overwhelmingly approved a bill to continue funding California's film and television tax credit. The Senate vote was 32 to 2 in favor of extending two more years of funding for the tax credit. California sets aside $100 million toward the program, which gives movie and TV producers a credit of up to 25% of qualified production expenses. The Assembly approved the bill earlier this month. The measure now goes to Gov. Jerry Brown, who has one month to sign or veto the legislation.
August 17, 2012 |
SACRAMENTO — Electronics giant Samsung Electronics Co. is beefing up its operations in Silicon Valley, announcing that it's expanding a research and development center in San Jose. To lure the expansion, the state, Santa Clara County and the city of San Jose agreed to provide a variety of tax credits, fee reductions and worker training programs. "Here's a case where government and business work together and everyone benefits, " Gov. Jerry Brown said at a San Jose City Hall ceremony.
August 16, 2012 |
NORTH CANTON, Ohio -- This was once a manufacturing hub where Hoover Co. made vacuums and a nearby steel plant employed tens of thousands. Many of those jobs have left the area, some disappearing entirely, others going overseas. Since then, some have returned, but the decline was one vice presidential candidate Paul Ryan tried to exploit Thursday in the swing region of Stark County, Ohio, calling out China for its restrictive trade practices and President Obama for failing to regulate them. “President Obama promised he'd stop these practices, he said he'd go to the mat with China; instead, they're treating him like a doormat,” Ryan said in a packed gymnasium at Walsh University here.
August 16, 2012 |
The California Assembly overwhelmingly approved a bill that would preserve funding for the state's film and television tax credit. The Assembly voted 70-4 in favor of the bill, which extends funding for the program another two years. California allocates $100 million annually toward tax credits, which are doled out by lottery because of limited funds. Funding was due to expire next year. The film industry had been pressing for a five-year extension to show the state's commitment to the industry, which is being lured away by other states with strong incentives.
August 15, 2012 |
The five broadcast television networks will be rolling out 23 new one-hour dramas for the upcoming season. That would normally be good business for Hollywood's hometown industry - with bookings for soundstages and plenty of work for the costumers, camera operators and caterers needed to put a show on the air. But not this year. Just two of the 23 new fall and midseason shows will be shot in Los Angeles County, as cost-conscious producers seek tax-friendly production havens in New York, North Carolina, Georgia and other states.
August 9, 2012 |
It seems there is a way to get conservatives to support government handouts: Hand them out to conservatives. As Times staff writers Alana Semuels aud Seema Mehta reported, Mitt Romney is getting himself into trouble with Republican voters in swing states such as Iowa by supporting a bedrock Republican principle: He wants to end the production tax credit for wind energy and force power producers to compete on an even playing field with no...
August 9, 2012 |
PUEBLO, Colo. - President Obama kept the pressure on GOP opponent Mitt Romney on Thursday in a fight over a wind energy tax credit, as he stumped in southeastern Colorado, a hub of wind power. “At a moment when homegrown energy, renewable energy, is creating new jobs in states like Colorado and Iowa, my opponent wants to end tax credits for wind energy producers. Think about what that would mean for a community like Pueblo,” Obama told a crowd of about 3,500 people at the Colorado State Fairgrounds.
August 9, 2012 |
DES MOINES - It's an overriding conservative principle: Scale back government interference and let businesses survive or fail on their merits. But standing by that principle may hurt Mitt Romney in Iowa, a hotly contested swing state that could provide a crucial six electoral college votes in November. Romney recently upset many conservatives here by saying he would end a government tax credit that helps subsidize a burgeoning wind industry in the state. Some of them - farmers who earn tens of thousands of dollars a year for having wind turbines on their property - say they won't vote for Romney because of his wind position.
August 8, 2012 |
A state bill aimed at curbing runaway production has moved closer to becoming law. The Assembly Appropriations Committee unanimously supported a bill that would extend funding for California's film and television tax credit program. Funding for the program is due to expire next year. California sets aside $100 million annually for dozens of projects applying for credits between 20% and 25% of qualified production expenses for movies and TV shows. The bill, however, was amended to provide for an extension of two years instead of five years.