These updates have been written in conjunction with our Public Policy Guide.
SUPPORT
S.2287 (SENATOR SNOWE; R-ME) Increase and permanently extend the expensing of certain depreciable business assets for small businesses.
Amends the Internal Revenue Code to: (1) increase the expensing allowance for depreciable business property from $100,000 to $200,000; (2) make such allowance permanent; (3) increase to $800,000 the asset cost threshold for calculating reductions in such allowance; (4) allow an annual inflation adjustment to the expensing allowance and the threshold amount after 2007; and (5) allow a taxpayer to revoke an election to expense such business property without the prior consent of the Secretary of the Treasury.
Status: Read twice and referred to the Committee on Finance
S.1066 (SENATOR VOINOVICH; R-OH) Economic Development Tax Incentives.
This bill to authorizes' States and subdivisions thereof, the District of Columbia, all territories and possessions of the United States to provide certain tax incentives to any person for economic development purposes.
Status: Read twice and referred to the US Senate Committee on Finance
AB 2987 (NU?EZ, D- Los Angeles) Cable and Video Service.
Existing law provides that any city or county or city and county may authorize by franchise or license the construction and operation of a community antenna television system and prescribe rules and regulations to protect the subscribers. This bill would state the intent of the Legislature to create the Digital Infrastructure and Video Competition Act of 2006.
Status: Re-referred to Com. on Utilities & Communication
OPPOSE
SB 1414 (Migden; D-San Francisco) California Fair Share Health Care
Act. Ignores increasing health care costs and mandates employers with more than 10,000 employees to allocate at least 8 percent of payroll to employee health care.
Status: Senate Health Committee vote set for April 19.
SB 840 (Kuehl; D- San Diego) Single-payer health care coverage.
Government-run health care – Imposes a government-run health care system on all Californians.
Status: Re-referred to Senate Rules Committee.
SUPPORT
S.2287 (SENATOR SNOWE; R-ME) Increase and permanently extend the expensing of certain depreciable business assets for small businesses.
Amends the Internal Revenue Code to: (1) increase the expensing allowance for depreciable business property from $100,000 to $200,000; (2) make such allowance permanent; (3) increase to $800,000 the asset cost threshold for calculating reductions in such allowance; (4) allow an annual inflation adjustment to the expensing allowance and the threshold amount after 2007; and (5) allow a taxpayer to revoke an election to expense such business property without the prior consent of the Secretary of the Treasury.
Status: Read twice and referred to the Committee on Finance
S.1066 (SENATOR VOINOVICH; R-OH) Economic Development Tax Incentives.
This bill to authorizes' States and subdivisions thereof, the District of Columbia, all territories and possessions of the United States to provide certain tax incentives to any person for economic development purposes.
Status: Read twice and referred to the US Senate Committee on Finance
AB 2987 (NU?EZ, D- Los Angeles) Cable and Video Service.
Existing law provides that any city or county or city and county may authorize by franchise or license the construction and operation of a community antenna television system and prescribe rules and regulations to protect the subscribers. This bill would state the intent of the Legislature to create the Digital Infrastructure and Video Competition Act of 2006.
Status: Re-referred to Com. on Utilities & Communication
OPPOSE
SB 1414 (Migden; D-San Francisco) California Fair Share Health Care
Act. Ignores increasing health care costs and mandates employers with more than 10,000 employees to allocate at least 8 percent of payroll to employee health care.
Status: Senate Health Committee vote set for April 19.
SB 840 (Kuehl; D- San Diego) Single-payer health care coverage.
Government-run health care – Imposes a government-run health care system on all Californians.
Status: Re-referred to Senate Rules Committee.