News and Views for the California Enterprise Zones » job hiring credits http://canditax.com/blog From the tax credit experts Mon, 16 Sep 2013 18:26:58 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.2 Oroville Loses in Enterprise Zone Credit Bid http://canditax.com/blog/?p=798 http://canditax.com/blog/?p=798#comments Wed, 09 Jun 2010 11:57:54 +0000 Steven Dotan http://blog.canditax.com/?p=798 The city of Oroville was dealt a blow last month when state democrats halted the passing of a bill that would have allowed businesses located in the Oroville Enterprise Zone to sell employee tax credits they don’t use.  This bill could have helped the cash flow position of many of this small town’s local businesses and their stressed cash-flow balance sheets.

The bill, SB 939, started by Senator Sam Aanestad (R-Grass Valley), was placed on ‘Suspense File’ by state democrats last month, stopping the bill in its tracks.

“The Democrats have once again proven that they are the Party of No when it comes to new job and new business creation,” said Senator Aanestad. “With the California unemployment rate at an all time high of nearly 13% — I cannot even begin to understand or fathom why my colleagues across the aisle continue to reject measures that will bring new jobs and new opportunity to California.”

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