Attorney General No.
13-0005
Secretary of State No.
1595
Description
REPEALS STATE TAX BENEFITS GRANTED BUSINESSES OPERATING IN ECONOMICALLY DISTRESSED AREAS. INITIATIVE STATUTE. Eliminates the additional state income tax deductions and credits that may be taken by businesses operating within economically distressed areas designated as enterprise zones under California law. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Increased state revenues of around $1 billion per year upon full implementation. Potential net increases or decreases in revenues of certain local governments depending on how the elimination of enterprise zones affects future decisions of businesses about where to locate, expand, or hire workers. (13-0005.)
Proponents
Lance Olson (916) 442-2952
Date
7-5-2013
Document Type
Initiative
Qualified
Failed to Qualify
Recommended Citation
Repeals State Tax Benefits Granted Businesses Operating in Economically Distressed Areas. Initiative Statute. California Initiative 1595 (2013).
https://repository.uclawsf.edu/ca_ballot_inits/1804