EXCISE TAX REFUND
Budget Deal Leaves Enterprise Zones Alone
Tuesday, June 11th, 2013 | Enterprise Zones, Legislation, Tax News
From today’s Sacramento Bee regarding whether the budget includes any changes to the Enterprise Zone program:
The budget agreement did not resolve Brown’s proposal to eliminate the state enterprise zone program and to use the money instead for sales tax exemptions for manufacturing and biotech research companies.
Brown said today that the enterprise zone negotiation remains “out in front of us.” The issue would not have to be resolved before a budget vote this week.