SDCTA Opposes Proposition 24 - Repeal Corporate Tax Loopholes Act

SDCTA opposes this measure as it would repeal tax provisions set in place to promote current and future economic development in California. Removal of an optional single sales factor, which has been shown to promote economic activity and job creation, is counterproductive to California's economic recovery. Additionally, disallowing transfer of excess tax credits could reduce incentives for corporations to expand research and development operations in California.

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Rosey Williams