California’s New Jobs Credit was originally allocated $400 million to fund the credit.  To date, just over $40 million has been claimed, meaning that just under $360 million remains to be claimed.  The FTB will continue to allow the credit until the last day of the calendar quarter in which the FTB estimates it will have received timely filed original returns claiming the credit that cumulatively total $400 million.  

Track the money here.

After three very intense hearings, the JEDE committee has issued a list of all the recommendations for revision to the Enterprise Zone program. Final comments are due by November 6. The new draft of AB1139 should be out by November 10. At that time, we’ll know what are the next steps for the anti-business, anti-employee bill AB1139.