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Tax Incentives

February 8, 2012 | By Ronald D. White, Times Staff Writer
Executives from the U.S. hydropower, geothermal and biomass power industries called Wednesday for the passage of a congressional bill that would extend production tax credits to all renewable-energy projects. The leaders were referring to H.R. 3307, the American Renewable Energy Production Tax Credit Extension Act of 2011. The bill has been offered by Reps. Dave Reichert (R-Wash.) and Earl Blumenauer (D-Ore.) and has drawn bipartisan support from more than 60 co-sponsors. Failure to pass the bill, the executives said, would put thousands of jobs across the country at risk, stall active energy projects and make it very likely that few new projects would get the funding necessary to begin.
December 30, 2013 | By Evan Halper
WASHINGTON - Jennifer Tadlock doesn't yet have all the talent lined up for the small-budget dramatic action feature she hopes to film next year, let alone a full crew. But she does have a tax break, and it's expiring, which was enough to get her behind the camera last month. Tadlock spent about $500 to hire a skeletal crew and nonunion talent to film just one scene near her home in Fresno. "We did the makeup ourselves," she said. The scene, involving teenagers plotting to harass an elderly woman, may never appear in the final cut. But by shooting this year, Tadlock hopes to lock in place the tax break that was key for investors who put up the $6 million she'll need to shoot "Shades of Grace" for real next year.
January 8, 1992
The State of California must get on the ball and create manufacturing opportunities. The states of Kentucky and Tennessee do this by allowing new manufacturing equipment to be purchased sales tax free. In Southern California that tax relief would amount to almost $80,000 for every million-dollar investment. Business needs a good reason to keep jobs in California; this could be one. In this state our citizens do one thing very well. We buy cars. Therefore, why don't we keep and promote automobile manufacturing and development here?
August 2, 2013 | Michael Hiltzik
The movie "42" arrived in theaters this spring swaddled snugly in the American flag. Studio marketers declared the film to be "the true story of an American legend. " With good reason: It's hard to find a more uplifting sports story than Jackie Robinson's battle against racism on his way to becoming one of the greatest ballplayers in history. "42" evoked its bygone era by filming extensively in Georgia, Alabama and Tennessee. The filmmakers collected millions in subsidies from those states' taxpayers, who proudly followed the production via local newspaper stories detailing its step-by-step progress from location to location.
June 13, 1994
Contrary to what Lenny Goldberg's commentary in The Times ("Bamboozled by Business Tax Breaks," June 2,) implied, tax incentives designed to attract new businesses and to retain existing businesses are an integral part of a state's overall economic plan. Surveys or studies cited by Goldberg are misleading and manipulated to understate California's tax burden. For example, they do not see total costs of doing business in California (such as the explosion of local taxes and fees)
Disappointed that a long-awaited revitalization plan for Pacoima and several inner-city communities won't kick in until 2000, Los Angeles City Councilman Richard Alarcon said Monday he plans to lobby Vice President Al Gore in person next week to start the program sooner. "I will definitely mention to him that I'm disappointed that they can't expedite this program," said Alarcon, who represents the working-class, mostly Latino community of Pacoima.
December 4, 1993
More than half of all the independent film companies in America are located in the San Fernando Valley, but that number is gradually declining, along with suppliers and artisans. Twelve months have now passed since Bill Clinton was voted into the White House, in great part due to the efforts of members of the film industry who hoped that he would remember that the film business needs his help in order to survive. It is now time for film people to band together and write to Mr. Clinton and members of Congress to instruct them to enact tax incentives that will benefit investors in American-made, American-crewed and American-cast motion pictures.
August 23, 1990 | HUGO MARTIN
Oxnard officials believe that their city qualifies for a state Department of Commerce program that provides tax incentives for businesses in an economically depressed area. In a memo to City Manager Vernon G. Hazen, Economic Development Officer Linda Guillis said that "based on preliminary information from the state, Oxnard meets the major eligibility criteria for the establishment of a zone."
February 14, 2001
Re "Three Things We Need on Taxes: Simplify, Simplify, Simplify," by Maya MacGuineas, Opinion, Feb. 11: How confused can we get? It seems to me there is a peculiar smell of the failed supply-side economic theory of the Reagan administration. How does one reconcile powerful incentives to save with the lesser ability to consume, i.e., to stimulate the dangerous slowing of the economy, under MacGuineas' proposed progressive consumption tax? In addition: If a person saves too much too soon he or she may find that, at retirement, income may be the same or even more with fewer tax deductions, and therefore the person will be in a higher bracket.
October 21, 2003 | Jennifer Mena, Times Staff Writer
Federal officials will hold workshops in Orange County today and Wednesday to explain to thousands of Santa Ana business owners how they can participate in tax-incentive programs that so far have drawn little interest. The Department of Housing and Urban Development is offering $26 billion in tax incentives, credits and other assistance to businesses in economically depressed neighborhoods in Santa Ana and 47 other cities nationwide.
July 11, 2013 | By Shan Li
This post has been corrected. See below for details. California Gov. Jerry Brown on Thursday signed into law new measures aimed at revamping the state's incentives for economic development. The new legislation includes hiring credits for companies in areas blighted with the highest jobless rates, a sales tax exemption on tools for manufacturing and research and development equipment for biotech firms, and tax incentives for companies that create jobs and pay the highest wages.
June 25, 2013 | by Marc Lifsher, Los Angeles Times
SACRAMENTO - Gov. Jerry Brown's drive to revamp a nearly three-decade-old business tax break teetered late Tuesday as he struggled to round up commitments for aye votes from a needed two-thirds of the members of the state Senate. Lobbying and head counting on the controversial bill to all but eliminate the $750-million-a-year enterprise zone program forced multiple postponements of a scheduled 4 p.m. session and sowed doubts about whether the governor would get his way. The program "is wasteful.
March 18, 2013 | By Richard Verrier
New Mexico Gov. Susana Martinez says she now backs a program to expand the state's film tax credit. Martinez recently vetoed a bill that would increase the state's film credit to 30% for TV series shooting at least six episodes in New Mexico, saying she questioned the logic of an "unlimited subsidy to a single industry. " But Martinez changed her tune over the weekend. At a news conference on Saturday in Santa Fe, she said she would, in fact, support the improved incentive as part of a large package of tax reforms approved by state lawmakers, including a proposed reduction in corporate tax rates.
March 13, 2013 | By DiAngelea Millar, Los Angeles Times
Arizona's deserts, forests and mountains have long made the state an ideal location for westerns, including John Wayne's 1959 movie "Rio Bravo," Clint Eastwood's "The Outlaw Josey Wales" and the 1957 Glenn Ford drama "3:10 to Yuma. " But one notable western that was intended to shoot in the state, Disney's upcoming movie "The Lone Ranger," filmed mainly in neighboring New Mexico, with only a few scenes shot in Arizona. The reason: Arizona is among only about a dozen states nationwide that don't offer a film tax credit, making it tougher to attract film crews as other states such as Louisiana, Georgia and North Carolina grab a large share of the Hollywood pie. PHOTOS: Hollywood back lot moments Now lawmakers in Arizona are debating whether to revive a film incentive that expired in 2010.
February 12, 2013 | Michael Hiltzik
Gov. Jerry Brown ought to cut his Texas brother, Rick Perry, a little slack. Texas Gov. Perry arrived in the Golden State this week trolling for California businesses he could poach and carry home with him in his saddlebags. His trip here comes on the heels of a Texas radio come-on, which aired statewide, and which Brown memorably dismissed as "barely a fart. " But there are reasons why Perry's efforts deserve more serious scrutiny. One is that the campaign exposes an important shortcoming of Texas' job-development program: It focuses on using incentives to steal jobs from other states because it's not so hot at creating jobs from scratch.
January 10, 2013 | Kathy M. Kristof, Personal Finance
When President Obama signed the "fiscal cliff" legislation, the middle class wasn't the only group saved from tax hikes. The new law, which rescinded the automatic tax increases and spending cuts that would have gone into effect beginning Jan. 1, includes 52 "extenders," legislative extensions of expired or soon-to-expire laws. And many of the extenders benefit interest groups and specific corporations. The total cost of this package of special giveaways is roughly $64 billion - about $325 for each of the 197 million individual taxpayers in the country.
Republican U.S. Senate candidate Sonny Bono on Wednesday proposed a broad program of tax cuts and tax incentives, saying the American economy "is something we have to focus on--desperately and immediately." Bono, the former entertainer and now mayor of Palm Springs, called for reducing the capital gains tax, reviving investment tax credits, repealing taxes on interest earned on savings accounts and expanding tax-deferred savings through individual retirement accounts.
May 2, 2012 | George Skelton, Capitol Journal
SACRAMENTO - You might think a tax law that rewards companies for killing California jobs and resurrecting them in another state would be dumped. Very quickly. Especially if it also rewards them for selling off property here and rebuilding elsewhere. Or, put another way, if the law provides a tax incentive not to hire or invest in California in the first place. You'd repeal it. A no-brainer. Makes no sense, except for the companies using the loophole while profiting from selling their products here in the nation's largest consumer market.
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