Chamber Supported Bill Welcoming Business to California Passes Key Hurdle
Wednesday, May 10, 2017
Assemblyman Steven S. Choi’s job creation legislation, AB 1216 Welcoming Business to California, supported by the Greater Irvine Chamber of Commerce, passed through the Assembly Revenue & Taxation Committee with unanimous bipartisan support, a key step in moving the job creation bil forward.
“I’m excited to see our bill gain the support of all the Democrat members of the committee including Assemblyman Ridley-Thomas (D-Los Angeles). Rarely in Sacramento do you see cooperation from both parties on job creation legislation so I was appreciative of Chairman Ridley-Thomas for joining the bill as a joint-author. I am happy to see my bill passed the committee unanimously knowing that it will create good jobs in our state.”
If passed through the Legislature, AB 1216 would provide a tax credit to businesses in California. Qualifying businesses are those with 50 or more full-time employees moving to the state, or current businesses adding 50 or more new employees.
“Many of the businesses in my district serve the construction, medical, and technology industries. They provide high quality jobs that support Californian families, but sadly, these employers are leaving California in increasingly high numbers. We have to try to bring these businesses back and support those we have now if we want to strengthen our state.”
Orange County has experienced the second highest number of businesses moving out of the County over the last decade with 249 businesses leaving, 85 of those businesses were located in the cities encompassing the 68th District. These included the loss of Apria Healthcare in Lake Forest, as well as Broadcom and MetLife Insurance in Irvine.
Along with the Greater Irvine Chamber, the bill is supported by several chambers of Commerce, as well as the National Federation of Independent Business.
Category: Advocacy News