Monday, April 18, 2011

Update on SB 653 City and County Income Tax

Yesterday after I sent the email on Senator Steinberg's City and County Income Tax proposal, I received the 27 pages of the revised bill.

It now has been changed to allow an income tax only on individuals and not businesses. It also says the tax is only on residents and not those working in a City and County that is not their residency.

It also caps the tax at 1%.

What would you think about Small Business California along with other business organizations holding conferences in Northern and Southern California on California regulations?

We would be working with a National organization that puts on this type of conference in states around the country and the goal would be to identify problem areas and figure out ways to streamline California regulations.

This National organization can identify best practices around the country and we can then present the results to the legislature and Governor.

Would you attend?

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA 94116

1 comment:

Anonymous said...

Not sure why the political left feels that squeezing the tax payer to fund their lack of spending control and irresponsibility will enhance the economic environment of this state...and country for that fact. Doesn't it make a lot more sense to encourage tax payers to buy more by giving them more power to do so by putting more money in their pockets? They are the ones who worked for that money in the first place. Even better, cut the bureaucracy, including "environmental walls" for companies to do business in this state. And even better yet, bring businesses and jobs back to CA by giving tax incentives to businesses here over other states. Instead, this state does the opposite, putting every regulation they can on businesses so it is easier and cheaper to do business elsewhere. Look where it has gotten us. After experiencing such a "liberally political" environment, I don't see how "liberal thinking" can enhance any economy or social environment for that matter.