R&D tax credit

ANDERSON BILL TO INCREASE R&D TAX CREDIT IS RE-REREFERRED TO COMMITTEE ON REVENUE & TAX

Local Assemblyman says bill will save high-paying jobs; fiscal impact weighed

May 12, 2010 (Sacramento) - Assemblyman Joel Anderson (R-El Cajon) has introduced AB 2278, which will be heard in the Assembly Revenue and Taxation Committtee.  “By giving tax credits to California businesses in research and development, AB 2278 will help stop the hemorrhaging of California jobs,” Anderson said in an e-mail to local business leaders.  But whether legislators will approve a tax cut when the state faces a $20 billion budget deficit remains uncertain.