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
SB 1627 (Kehoe, D- SAN DIEGO) Wireless telecommunication facilities. The Planning and Zoning Law authorizes the legislative body of any county or city to adopt ordinances that, among other things, regulate the use of buildings, structures, and land as between industry, business, residences, and open space. This bill would require a city, including a charter city, or county to administratively approve an application to collocate a wireless telecommunications facility, as defined, through the issuance of a building permit or a nondiscretionary permit, as specified.
Status: In Assembly. Read first time. Held at Desk.
U.S.-Oman Free Trade AgreementA bilateral FTA which will foster increased trade and investment between both countries. This agreement is an important step in President Bush’s plan to create a Middle East Free Trade Area by 2013.
OPPOSE
SB 1414 (Migden; D-San Francisco) California Fair Share Health CareAct. 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: In Assembly. Read first time. Held at Desk.
SB 1622 (Escutia, D-Norwalk) Requires specified employers to provide notice to their employees they may be eligible for Medi-Cal/Healthy Families programs. Note: AB 1840 would then publish a list on a publicly accessible website of employers with employees enrolled in these programs.
Status: Senate Rules Committee
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
SB 1627 (Kehoe, D- SAN DIEGO) Wireless telecommunication facilities. The Planning and Zoning Law authorizes the legislative body of any county or city to adopt ordinances that, among other things, regulate the use of buildings, structures, and land as between industry, business, residences, and open space. This bill would require a city, including a charter city, or county to administratively approve an application to collocate a wireless telecommunications facility, as defined, through the issuance of a building permit or a nondiscretionary permit, as specified.
Status: In Assembly. Read first time. Held at Desk.
U.S.-Oman Free Trade AgreementA bilateral FTA which will foster increased trade and investment between both countries. This agreement is an important step in President Bush’s plan to create a Middle East Free Trade Area by 2013.
OPPOSE
SB 1414 (Migden; D-San Francisco) California Fair Share Health CareAct. 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: In Assembly. Read first time. Held at Desk.
SB 1622 (Escutia, D-Norwalk) Requires specified employers to provide notice to their employees they may be eligible for Medi-Cal/Healthy Families programs. Note: AB 1840 would then publish a list on a publicly accessible website of employers with employees enrolled in these programs.
Status: Senate Rules Committee