The Personal Income Tax Law and the Corporation Tax Law, by reference to a specified federal statute, allow a credit against taxes imposed by those laws for increasing research expenses, as defined. In general, the amount of the credit under both laws is equal to 15% of the excess of the qualified research expenses, as defined, for the taxable year over the base amount, as defined, and, in addition, for purposes of the Corporation Tax Law, 24% of the basic research payments, as defined. The term "base amount" means the product of the average annual gross receipts of the taxpayer for each of the specified years preceding the taxable year and the fixed-base percentage, as defined, but in no event less than 50% of the qualified research expenses for the taxable year. A taxpayer may elect an alternative incremental credit for increasing research expenses in modified conformity to federal income tax laws. This bill would increase the credit for increasing research expenses to 20% of the excess of the qualified research expenses. This bill would also provide complete conformity to the alternative simplified credit provided under those federal income tax laws, and eliminate the conformity to the alternative incremental credit. This bill would take effect immediately as a tax levy.
Sponsored bills
This measure would designate the week of May 2 to May 8, 2010, as Public Service Recognition Week, and encourage all Californians to recognize the crucial role of public employees in this state.
Existing law prescribes the course of study a pupil is required to complete while in grades 9 to 12, inclusive, in order to receive a diploma of graduation. Existing law authorizes the governing board of a school district to adopt rules specifying additional coursework requirements. Existing law requires each school district maintaining any of grades 7 to 12, inclusive, to offer to all otherwise qualified pupils in those grades a course of study that provides an opportunity for those pupils to attain entry-level employment skills in business or industry upon graduation from high school. This bill would prohibit a school district from adopting a graduation requirement that commences with the 2010–11 school year and requires the completion of additional coursework to meet or exceed the requirements and prerequisites for admission to a 4-year California public university unless the district also requires the completion of a sequence of at least 3 career and technical education courses. However, this provision would not apply to a school district that, by June 30, 2009, has adopted graduation requirements that require the completion of all minimum coursework necessary to meet the requirements and prerequisites for admission to a 4-year California public university. The bill also would make conforming and clarifying changes.
This measure would describe the conflict between Israel and Hamas and proclaim the Legislature's support of Israel.
Existing law authorizes the Governor to appoint and fix the salaries of assistants and other personnel as the Governor deems necessary for his or her office. This bill would require the Governor to create, within the Office of the Governor, the position of Director of California Biotechnology Retention and Recruitment, as specified. The bill would make the director responsible for serving as an informational resource for biotechnology, life science, and medical companies, as specified.
The Personal Income Tax Law and Corporation Tax Law provide tax credits for startup expenses for child care programs or for constructing a child care facility, costs for child care information and referral services, and costs paid or incurred for contributions to a qualified child care plan. Under existing law, these credits are available for certain taxable years beginning before January 1, 2012. This bill would, for each taxable year beginning on or after January 1, 2011, provide a tax credit for 100% of the costs paid or incurred by the taxpayer, as defined, for contributions, as defined, for child care, as specified. This bill would take effect immediately as a tax levy.
This measure would designate that January 18, 2010, be observed as the official memorial of the late Rev. Dr. Martin Luther King, Jr.'s birth, commemorate Martin Luther King, Jr. Day, the work of Dr. Martin Luther King, Jr., and the Civil Rights Movement in changing public policy in California and in the United States of America.
The California Constitution authorizes the Legislature to delegate to the Fish and Game Commission powers relating to the protection and propagation of fish and game. Existing statutory law delegates to the commission the power to regulate the taking or possession of birds, mammals, fish, amphibia, and reptiles in accordance with prescribed laws. Under existing law, the Department of Fish and Game exercises various functions with regard to the taking of fish and game. This measure would establish the right to hunt and fish wildlife, as defined, subject only to statutes enacted by the Legislature and regulations adopted by the Fish and Game Commission to promote wildlife conservation and management. It would provide that public hunting and fishing, including the use of traditional methods, as defined, would be a preferred means of managing and controlling wildlife.
Existing law contains legislative findings and declarations that a principal goal of electric and natural gas utilities' resource planning and investment shall be to minimize the cost to society of the reliable energy services that are provided by natural gas and electricity, and to improve the environment and to encourage the diversity of energy sources through improvements in energy efficiency and development of renewable energy resources, such as wind, solar, biomass, and geothermal energy. This bill would state the Legislature's intent to enact legislation to address wind energy production.
Existing law establishes the Workers' Compensation Administration Revolving Fund, the Uninsured Employers Benefits Trust Fund, the Subsequent Injuries Benefits Trust Fund, and the Occupational Safety and Health Fund in the State Treasury and requires the Director of Industrial Relations to levy a separate surcharge upon all employers for purposes of deposit in those funds. Existing law also requires the director to levy and collect assessments from employers to be deposited in the Workers' Compensation Fraud Account in the Insurance Fund for the purposes of investigation and prosecution of workers' compensation fraud and the willful failure to secure payment of workers' compensation. Existing law requires the director to adopt reasonable regulations governing the manner of collection of these surcharges and assessments. This bill would state the intent of the Legislature to enact legislation that would require the Department of Industrial Relations to convene an advisory committee consisting of employers, injured workers, doctors, and other stakeholders when setting the assessments and surcharges in compliance with Sections 62.5 and 62.6 of the Labor Code.