California wants to cap business tax credits, alarming life sciences and tech industries
Businesses and some lawmakers urge state leaders to reject the governor’s budget proposal to permanently limit R&D tax credits.
Businesses and some lawmakers urge state leaders to reject the governor’s budget proposal to permanently limit R&D tax credits.
Original reporting: CalMatters.
More in California
- UC Berkeley Lab Proposes New Civic Framework for California’s Next Governor
A research-driven agenda calls for institutionalizing 'co-governance' to address low public trust and lack of resident influence in state decision-making.
- Five Tax Measures on California’s Ballot Aim to Reshape State Finances
Propositions 3, 40–43 would alter income, wealth and local taxation rules—marking the highest number of tax measures on a general election ballot since 1994.
- Catalina Helicopter Crash Highlights Risks of Island Medevac Flights
A medical evacuation chopper carrying Catalina Romero, pilot, and nurse Jessica Devries crashed into the ocean shortly after takeoff, killing all three; federal investigators are assessing causes including night flying, spatial disorientation, and the island’s challenging Pebbly Beach heliport.